#1  
5th August 2018, 10:58 PM
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Detailed information about Bank of Maharashtra Education Loan Scheme


I want to get the details of the education loan facilitate by Bank of Maharashtra. I went to bank for this purpose but couldn’t understand about these things. Kindly tell me as soon as possible. Waiting for your response!




  #2  
9th August 2018, 10:39 AM
Saikiranreddy47475
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Default Re: Detailed information about Bank of Maharashtra Education Loan Scheme

Detailed information regarding Bank of Maharashtra Education Loan is mentioned below :-

--> Eligibility :- You should have secured admission to higher education course in a recognised college/ university.

--> Maximum Amount :- Rs. 10 lakhs for studies in India and Rs. 20 lakhs for studies in Abroad.

--> Margin :-
>> Upto Rs. 4 lakhs :- NIL
>> Above Rs. 4 lakhs :- 5% for studies in India and 15% for studies in Abroad.

--> Processing Fee :- Nil

--> Insurance :- N.A.

--> Security :-
>> Upto Rs. 4 lakhs :- Parents to be Co-borrowers.
>> Above Rs. 4 lakhs and upto Rs. 7.5 lakhs :- No collateral security except third-party guarantee is required.
>> Above Rs. 7.5 lakhs :- Collateral security equivalent quantum of finance.
Do you have any question? or have anything to say?



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