Education loan is 10% with immediate effect in irrespective of percentage of Collateral Security.
Surety
Minimum one guarantor with sufficient net worth.
Security
Mortgage of unencumbered immovable property belonging to the applicant situated within the jurisdiction of the Bank. In case of direct finance, it should be situated within the territorial jurisdiction of the Branch from where the loan is availed.
Margin
Min of 15%
Other Terms
Membership is necessary for the borrower and sureties to avail this loan.
