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Re: Syndicate bank education loan interest rate
Hello, I am providing the details of the educational loan at the Syndicate bank as under: For Syndicate Bank education loans up to INR 4 lakhs, the interest rate is Prime Lending Rate (PLR) minus 1.50 percent. For Syndicate bank education loans above INR 4 lakhs, the interest rate is PLR minus one percent. Eligibility criteria: Any student who is a major representing himself or a minor student represented by parent or guardian of Indian nationality. Candidate must have secured admission on the basis of merit to professional/ technical/other courses through entrance test/selection process Deviation/relaxation is also permitted under special circumstances. Must have secured admission to foreign universities/Institution (for studies abroad) Student Eligibility Should be an Indian National Secured admission on the basis of merit to professional/technical courses through Entrance Test/Selection process Deviations/relaxations are also permitted under special circumstances. Secured admission to foreign university / institutions The student who is a major representing himself or a minor student represented by parent or guardian. Repayment of loan: In 5 to 7 years commencing one year after completion of the course or 6 months after securing the job whichever is earlier. Details of the education loan of the Syndicate bank: |
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