Education and Career Forum

Hello everyone, I would like to know that how much maximum amount I can get if I apply for Tamilnad Mercantile Bank Short Term Study Loan Scheme? I want to do my Diploma program in Mechanical Engineering through this scheme because I feel that Tamilnad Mercantile Bank is introduced the best scheme for students.

There is no restriction on maximum amount of loan that can be sanctioned under the education loan scheme. However, the candidates who apply for 30 lakhs loan for a maximum period of 5 years. The loan carries 8% interest per year for boys and 5% interest per year for girls.