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Old 7th September 2012, 02:46 PM
hemant yadav szx
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Default Corporation Bank Education Loan Scheme

Hii I want to take Education Loan from the Corporation bank . Please provide me the Scheme of the education loan offered by Corporation Bank?
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Old 7th September 2012, 04:03 PM
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Join Date: May 2012
Default Re: Corporation Bank Education Loan Scheme

You want to know about Corporation Bank Education Loan scheme so here are its details:


Quantum of Loan

Studies in India - Maximum upto Rs. 10 lakh
Studies Abroad - Maximum upto Rs. 20 lakh


Margin
Upto Rs. 4 lakh - Nil
Above Rs. 4 lakh - Studies in India 5%
Studies abroad 15%
Margin may be brought–in on year-to-year basis as and when disbursements are made on a pro-rate basis.

Security- Margin
Margin for various type of securities is as under:
Immovable property : 35%
Govt Securities ( face value of NSC/KVP etc..) : 25%
LIC Policy ( Surrender Value) : 10%
Deposits ( Balance outstanding) : 10%

Here I am attaching pdf file in which Corporation Bank all loans interest rates is available. This file is free for you.
Attached Files
File Type: pdf Corporation Bank loans Interest Rates.pdf (33.6 KB, 89 views)
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