| For Studies in India - Scheme Highlights
Purpose: To meet the cost of education covering tuition fees, Exam fees, Development fees, Hostel fees, books, instruments etc. Approved courses: Computer Courses:Part-time/Full-time in Institutes approved by Government of India (Department of Electronics)
Duration of the course: Minimum - 12 monthsMaximum - 48 months Amount of loans: For Computer Courses: Maximum : Rs.1.00 lac
For other professional courses:Maximum : Rs.3.50 lacs Margin: Upto Rs.2.00 lacs : 10%Upto Rs.3.50 lacs : 15% Rate of Interest: Upto Rs.2.00 lacs : 12%Above Rs.2.00 lacs upto Rs.3.50 lacs : PLR +1% (i.e. 13.5%) Period of loans: Initial holiday period of 6 months after the completion of the course or immediately on getting a job whichever is earlier
For limits upto Rs.1.00 lac : 42 monthsFor limits upto Rs.3.40 lacs : 60 months For Studies Abroad - Scheme Highlights Course of Study: Any Graduate/Post-graduate courses with good employment prospects. The period of study should not exceed 5 years Amount of Loan: Maximum - Rs.10.00 lacs Margin: Upto Rs.5.00 lacs : 15%Above Rs.5.00 lacs : 25% Rate of Interest: PLR + 1.5% (i.e. 14%) Period of loans: Interest to be serviced every quarter. Repayment of principal to commence 6 months after the completion of the course or immediately on getting a job whichever is earlier.For limits upto Rs.10.00 lacs - Maximum 96 months | 
