Purposes for which Education loan is granted

• Diplomas and equivalent courses
• Advanced diploma courses
• HNCs, HNDs, Degrees, Post-graduate degrees
• Vocational Trainings
• Skill Development Study Courses

What are the Expenses that can be considered for the loan?

• Course Fees
• Examination/Library fees
• Purchase of Books/Equipment
• Accommodation fees
• The institute should be certified the above.

Who can obtain the loan?

• Parent/ Guardian on behalf of their children
• Sudents of 18 years and above, who are employed
• A parent or potential student can also apply for a joint loan Security

What are the key benefits?

• Competitive interest rates
• Prompt processing
• Repayment period - up to 05 years
• Existing customers can obtain the loan over the property which has already been mortgaged

The Loan amount that can be obtained under Education loan 70% of property value based on the repayment capacity of applicant's, Guardian/Parent

Repayment

Repayment should be made in equal monthly installments on the basis of diminishing capital.