Investment Banking Education

Courses Eligible :

Student Eligibility :

• Should be Resident Indian.
• Secured admission in professional / technical courses in India conducted by above mentioned Institutions.

Coverage of expenses :

• Fee payable to college/Institution/University/school/hostel.
  
• Examination / Library / Laboratory fee.
• Hostel fees / charges.
• Purchase of books / equipments / instruments / uniforms.
• Caution deposit, Building fund / refundable deposit supported by institution bills/ receipts, subject to condition that the amount does not exceed 10% of the total tuition fees for the entire course.
• Purchase of Personal Computer / Laptop - essential for completion of the course.
• Insurance premium for student borrower
• Any other expenses required to complete the course - like study tours, project works, thesis, etc.
• Cost of external coaching/ tution is not to be considered.

Quantum of finance :

• Need based finance subject to futurerepayment capacity based on projected future earning which should commensurate with past placement records and average packages offered to the pass outs of the college.

Margin :

Rate of Interest : (CLICK HERE FOR CURRENT INTEREST RATES)

• No special concession for girl students under this scheme.
• Simple interest to be charged at monthly rests during the repayment holiday/moratorium period.
• Penal interest @ 2% p.a. on overdue amount, if the loan amount exceeds Rs.4/- lacs.
• The accrued interest during the repayment holiday period to be added to the principal and repayment in Equated Monthly Instalment (EMI) be fixed.

Moratorium period :

• Course period + 1 year, or 6 months after getting job, whichever is earlier.

Repayment Period :

• For loans upto Rs.7.50 lac : Maximum 120 installments
• For Loans above Rs.7.50 lac : Maximum 180 installments