For higher studies in India
For higher studies abroad
For studies in India : Maximum Rs.10.00 lac
For studies abroad : Maximum Rs. 20.00 lac
There is no margin up to Rs.4.00 lac.
For loans above Rs.4.00 lac.
This may include own contribution as well as scholarship.
|Loan Slab||Rate of Interest|
|Loan amount upto and inclusive of Rs.4.00 lakh||BPLR-2.00% i.e. 10.25% p.a.|
|Loan amount above Rs.4.00 lakh||BPLR-1.25% i.e. 11.00% p.a.|
No security required upto Rs.4.00 lac loan.
Above Rs.4.00 lac securities are required to be furnished as under either singly or in combination-
Value of collateral security after providing requisite margin, as stated above should be equal to the Quantum of finance.
You get a repayment holiday of one year after completion of the course selected or 6 months after getting a job (after which your repayment will start).
The loan is then to be repaid in 5 years after commencement of repayment.
Tuition fees, hostel expenses, purchase of books/ equipments/ instruments etc. Travel expenses for studies abroad & other essential expenses.
Studies in India
- B.A, B.Com, B.Sc. etc.
- Post graduation courses, Masters and PhD
- Professional courses, Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
For details, click on Bank of Maharashtra