#1
27th June 2016, 01:17 PM
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Am I eligible to apply for an Education Loan in Punjab & Sind Bank to do B.Sc(Nursing)? Features of Punjab & Sind Bank Education Loan scheme?
Hello Everyone,
Can anyone of you kindly let me know the features of Education Loan scheme in Punjab & Sind Bank? I am willing to apply an Education Loan in this Bank for B.Sc(Nursing) course. Am I eligible or not? |
#2
1st July 2016, 08:42 PM
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Yes, you are eligible to apply for an Education Loan in Punjab & Sind Bank for pursuing your Graduation in B.Sc. (Nursing) course. Punjab & Sind Bank offer Education loan to all undergraduate and postgraduate courses which are offered by recognised Colleges/ Universities. As B.Sc.(Nursing) course is a Bachelor's degree course, you are eligible to apply for an Education loan in Punjab & Sind Bank.
Features of Punjab & Sind Bank Education Loan scheme are mentioned below :- --> It offers Education loan to all Undergraduate and Postgraduate courses which are offered by recognised government colleges/ universities. --> Quantum of Finance :- For studies in India :- Maximum upto Rs. 10 lakhs. For studies in Abroad :- Maximum upto Rs. 20 lakhs. --> Processing fee :- Nil --> Moratorium Period :- Course Period + 1 Year --> Repayment Period :- The loan can be repaid in equated monthly installments for a maximum period of 15 years. --> Security :- 1. Loan Upto Rs. 4 lakhs :- No Security 2. Above Rs. 4 lakhs and upto Rs. 7.5 lakhs :- Your parents need to be joint borrowers and collateral security in the form of suitable third party guarantee should be provided. 3. Above Rs. 7.5 lakhs :- Your parents need to be joint borrowers and tangible collateral security equal to loan amount should be submitted to bank. --> Rate of Interest :- Loan up to Rs.4 Lac :- One Year MCLR (9.65%) +2.00%= 11.65% Loan Above Rs.4 Lac & up to Rs.7.50 Lac :- One Year MCLR (9.65%) +2.00%= 11.65% Above Rs.7.50 Lac :- One Year MCLR (9.65%) +1.50%= 11.15% |
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