{"id":105317,"date":"2024-05-20T10:42:25","date_gmt":"2024-05-20T10:42:25","guid":{"rendered":"https:\/\/www.mahaveerbank.com\/?page_id=105317"},"modified":"2024-05-25T05:28:02","modified_gmt":"2024-05-25T05:28:02","slug":"education-loan","status":"publish","type":"page","link":"https:\/\/www.mahaveerbank.com\/?page_id=105317","title":{"rendered":"Education Loan"},"content":{"rendered":"\t\t
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\n\t\t\t\tEducation Loan\t\t\t \n\t\t\t<\/h1> \n\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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  • Share Linkage - 2.5% of Sanctioned\u00a0 Amount\u00a0 and Guarantor \u2013 Minimum 10 Shares<\/li>
  • Processing Fees\u00a0 - 1% of loan amount + Service tax<\/li>
  • Last 3 years Certified\u00a0 I T Returns or Latest Salary Slip of Co-Borrower and Guarantor<\/li>
  • Address and ID proof and 3 photos of Borrower , Co-Borrower and Guarantor<\/li>
  • Advance Repayment accepted.<\/li>
  • Personnel Guarantee \u2013 One Person<\/li><\/ul> \n \t<\/div>\n \t <\/div>\n \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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    \n\t\t\t\t\t\r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n
    1.<\/td>\r\n Quantam of loan<\/td>\r\n Rs. 20.00 lacs for foreign education
    Rs. 10.00 lacs for Indian education<\/td>\r\n <\/tr>\r\n
    2.<\/td>\r\n Eligibility Criteria<\/td>\r\n 1. Courses in Recognised by Institute for Higher Education
    \r\n 2. Accredited in foreign Institutes
    \r\n 3. Student Should be meritorious throughout education (i.e; should have secured 70% marks in all qualifying\r\n exams)<\/td>\r\n <\/tr>\r\n
    3.<\/td>\r\n Rate of Interest<\/td>\r\n For Male Students \u2013 14% ( On Actual Diminishing Balance)
    \r\n For Female Students \u2013 13% ( On Actual Diminishing Balance)<\/td>\r\n <\/tr>\r\n
    4.<\/td>\r\n Repayment Schedule<\/td>\r\n Interest is to be serviced during Education and Installments should be paid from completion of education,\r\n With a EMI For 3-5 years<\/td>\r\n <\/tr>\r\n
    5.<\/td>\r\n Security<\/td>\r\n Any loan above 1.00 lac \u2013 Security should be Immovable Property<\/td>\r\n <\/tr>\r\n
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    6.<\/div>\r\n <\/td>\r\n
    		Co-Borrower<\/td>\r\n Either of Parent shall be Co-Borrower.<\/td>\r\n <\/tr>\r\n
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    7.<\/div>\r\n <\/td>\r\n
    		Personnel Guarantee<\/td>\r\n One Person<\/td>\r\n <\/tr>\r\n <\/tbody>\r\n<\/table>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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