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#1
24th October 2018, 11:48 AM
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Terms & Conditions under Tamilnad Mercantile Bank Education Loan Scheme for BDS aspirant?
Hello everyone, I am looking forward to apply for an education loan in Tamilnad Mercantile Bank for studying BDS course. I would like to know about the terms and conditions for applying an education loan in this bank. Can anyone tell me?
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#2
19th January 2022, 02:53 PM
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Re: Terms & Conditions under Tamilnad Mercantile Bank Education Loan Scheme for BDS aspirant?
Terms and conditions
Must be an Indian National Secured admission to a higher admission course in any recognised institution through entrance/merit based process. For studying in India upto 10 lacs and for abroad 20 lacs are available. Must have taken admission in regular degree/diploma course etc Above 7.50 lacs coobligation of parents together with 100% tangible collateral security. |
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#3
27th March 2022, 05:22 PM
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Re: Terms & Conditions under Tamilnad Mercantile Bank Education Loan Scheme for BDS aspirant?
No processing charge is charged for India.
No documentation charge. The bank charges an interest of 2% p.a. over and above the rate of interest from time to time on the outstanding amount in case of any irregularity in repayment |
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