#2
| |||
| |||
Re: The Tamilnad Mercantile Bank
Tamilnad Mercantile Bank provide education loan to customers for higher education in India / abroad Education Loan This is scheme of choice for parents who wish to educate their children in professional courses in India / Abroad and help them get graduation / post graduation in any field of choice of the student. Student Eligibility- Secured first class and wish for admissions in Professional / Technical / Other Courses of various studies Secured admission to foreign University Institutions Any Student who has attained the age of 18 years or Parent of the Student can avail the loan. Should be an Indian National Eligible course of study Studies in India School education / Graduation / Post Graduation Courses. Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc. Courses like ICWA, CA, CFA etc Courses conducted by IIM, IIT, IISc, XLR1, NIFT etc. Courses offered in India by Reputed Foreign universities. Studies Abroad Graduation: For Job oriented Professional / Technical courses offered by reputed universities. Post Graduation: MCA , MBA , MS, etc. Courses conducted by CIMA-London, CPA in USA etc. Expenses considered for Loan- Fee payable to College / School / Hostel Examination / Library / Laboratory fee Purchase of Books / Equipments / Instruments / Uniforms Caution Deposit / Building Fund / Refundable Deposit supported by Institution Bills / Receipts. Travel expenses / passage money for studies abroad. Margin- Upto Rs. 4 Lakhs - Nil. Above Rs. 4 Lakhs - Study in India - 5%. Above Rs. 4 Lakhs - Study Abroad - 15%. Quantum of Finance Need based finance subject to repaying capacity of the parents / students with margin and the following ceilings: For Studies in India - Max. Rs. 10 Lakhs For Studies Abroad - Max. Rs. 20 Lakhs. Security- Upto Rs. 4 Lakhs - No Security Above Rs. 4 Lakhs upto Rs. 7.50 Lakhs Suitable Third Party Guarantee Above Rs. 7.50 Lakhs and upto Rs. 20 Lakhs - 100% collateral in any of the form of Immovable property / NSC / Units of UTI / LIC policy / RBI Bonds or any transferable Government securities. Rate of Interest- Upto Rs. 4 Lakhs - BR + 3.50% (13.90% p.a.). Above Rs. 4 Lakhs upto Rs. 7.50 Lakhs - BR + 3.50% (13.90% p.a.) Above Rs. 7.50 Lakhs upto Rs. 20 Lakhs (With 100% Collateral Only) - BR + 3.00% (13.40% p.a.). Interest Rate Concession by 0.50% if covered by 100% and above collateral security. Additional Incentive of 1% in R.O.I for servicing the interest during study and moratorium period. Current Base Rate for Lending (BR) is 10.40% p.a. Contact- All India National Toll Free Number: 180 0425 0426 |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Tamilnad Mercantile Bank In Faridabad | Unregistered | Main Forum | 1 | 15th November 2016 08:41 AM |
Tamilnad Mercantile Bank Dindigul | Unregistered | Main Forum | 1 | 14th November 2016 05:45 PM |
Tamilnad Mercantile Bank Conta | Unregistered | Main Forum | 1 | 7th November 2016 02:28 PM |
Tamilnad Mercantile Bank Kanchipuram | Unregistered | Main Forum | 1 | 4th November 2016 04:58 PM |
Tamilnad Mercantile Bank Edalakudy | Unregistered | Main Forum | 1 | 2nd November 2016 06:40 PM |
Tamilnad Mercantile Bank FD Calculator | Unregistered | Main Forum | 1 | 2nd November 2016 10:37 AM |
Tamilnad Mercantile Bank Royapettah | Unregistered | Main Forum | 1 | 1st November 2016 01:41 PM |
Tamilnad Mercantile Bank Usilampatti | Unregistered | Main Forum | 1 | 27th October 2016 01:13 PM |
Tamilnad Mercantile Bank Perundurai | Unregistered | Main Forum | 1 | 26th October 2016 08:54 AM |
Tamilnad Mercantile Bank Pattukottai | Unregistered | Main Forum | 1 | 25th October 2016 11:42 AM |
Tamilnad Mercantile Bank Tenkasi | Unregistered | Main Forum | 1 | 24th October 2016 10:50 AM |
Tamilnad Mercantile Bank Sewri | Unregistered | Main Forum | 1 | 18th October 2016 12:26 PM |
Tamilnad Mercantile Bank At Allahabad | Unregistered | Main Forum | 1 | 15th October 2016 11:57 AM |
Tamilnad Mercantile Bank Tadepalligudem | Unregistered | Main Forum | 1 | 15th October 2016 09:32 AM |
Tamilnad Mercantile Bank Ltd Recruitment | Unregistered | Main Forum | 1 | 6th October 2016 11:27 AM |
Tamilnad Mercantile Bank In Neyveli | Unregistered | Main Forum | 1 | 6th October 2016 09:00 AM |
Tamilnad Mercantile Bank Bhiwadi | Unregistered | Main Forum | 1 | 1st October 2016 01:29 PM |
Tamilnad Mercantile Bank Jalandhar | Unregistered | Main Forum | 1 | 29th September 2016 10:47 AM |
Tamilnad Mercantile Bank Helpline | Unregistered | Main Forum | 1 | 28th September 2016 01:09 PM |
Tamilnad Mercantile Bank Services | Unregistered | Main Forum | 1 | 27th September 2016 03:51 PM |
|