PSB Excellence- Education Loan Scheme For Premier Institutions (i.e. IITs, IIMs and ISB Hyderabad):
|Eligibility||Students who have secured admission in regular full time Degree / Diploma courses of all the IIMs, IITs and ISB Hyderabad.|
|Quantum of finance||As per the fee structure of the respective institute plus personal monthly expenses max upto Rs 5000.00 p.m. plus project expenses, books e.t.c.
Upto a maximum loan of Rs. 20.00 lacs, including each Top up loans, if any.
|Margin||Up to Rs 4.00 lac : NIL
Above Rs 4.00 lac : 5% The margin shall be proportionate to loan amount disbursed.
Above Rs 10.00 lac : 15% The margin shall be proportionate to loan amount disbursed.
|Rate of Interest||Please click here For rate of interest|
|Security||Co- obligation of parents/guardian as co- borrowers.
No collateral security required.
|Repayment||Maximum up to 10 years exclusive of Moratorium period.|
|Processing charges||Please click here For Processing fee|