Deogiri Pramod Dnyanvrudhi Yojana [Educational Loan Scheme]
Apply For Loan
Purpose :
Education in India and Abroad.
Loan Amount :
- Max. Loan amount for studies in India is Rs. 10.00 Lacs.
- Max. Loan amount for studies in Abroad is Rs. 20.00 Lacs.
- 75% of total course fees which include Tuition Fees, Exam. Fees, Cost of Course material, equipment, Library.
- Fees will be disbursed directly to the college through pay order or DD.
- Applicant should submit their passing certificate / marks memo every Year before the next installment of Loan amount.
Rate Of Interest :
Interest rates are applicable as per the following credit score and sanctioned loan limit:
| Loan Category | Loan / Credit Score Category | Rate of Interest (p.a.) |
|---|---|---|
| Educational Loan | Advance Area Loan up to sanctioned limit (800 or above Credit Score) | 10.25% |
| Advance Area Loan up to sanctioned limit (700 to 800 Credit Score) | 10.75% | |
| Advance Area Loan up to sanctioned limit (600 to 700 Credit Score) | 11.50% | |
| Advance Area Loan up to sanctioned limit (600 or below Credit Score or No Credit History) | 12.50% | |
| Educational Loan | Advance Area Loan beyond sanctioned limit (800 or above Credit Score) | 10.75% |
| Advance Area Loan beyond sanctioned limit (700 to 800 Credit Score) | 11.25% | |
| Advance Area Loan beyond sanctioned limit (600 to 700 Credit Score) | 12.00% | |
| Advance Area Loan beyond sanctioned limit (600 or below Credit Score or No Credit History) | 13.00% |
Period :
Maximum period for repayment is 84 months (Inclusive of moratorium period).
Security :
Bank will ask for collateral security of 125% of Sanction Amount.
Guarantor :
Two guarantors of good means are required.
Documents :
- Applicant -
- Guarantor -
Photo, Photo ID, Residence proof, Income Proof such as the Last 3 months Salary slip or Last Three years Balance Sheet and Tax Returns, Quotation or Estimate with evidence.
Photo, Photo ID, Residence proof, Income Proof
