Education and Career Forum

Hi friends, I am interested to study MBA with the help of education loan. I have heard about the City Union Bank Educational Loan Scheme. Can anyone of you provide me the details of this particular educational loan scheme?

Detailed information about City Union Bank Educational Loan Scheme for MBA aspirant is mentioned below:-

—> Eligibility:- You should have secured admission to higher education course through entrance examination/ selection process.

—> Margin:- Upto Rs. 4 lakhs and for above Rs. 4 lakhs:- 5% for studies in India.

—> Holiday Period:- Course Period plus one year or six months after getting a job, whichever is earlier.

—> Repayment Tenure:- 5 to 7 years after completion of moratorium period.

—> Quantum of Finance:- Rs. 10 lakhs for studies in India.

—> Processing Fee:- Nil for study in India.

—> Security:-
Above Rs. 7.5 lakhs:- Parents needs to be co-obligators and tangible collateral security equal to bank loan amount should be submitted to bank.