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Pre Requisites |
The candidate or his
guardians should have an account with the bank otherwise should reside in
the same area within 4 Kms of the location of the bank.
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|
Terms |
The candidate
will be a co - borrower with his guardian
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| Coverage |
Tuition fee.
Maintenance cost /books and equipment.
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|
Margin |
25% and will
be released in installments.
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|
Security |
Collateral
security. In certain cases mortgage of an immovable Property might be
needed.
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|
Payment |
Capital
should be paid back after 6 months after the completion of the course of
after 3 months after getting a job whichever is earlier. Interest will have
to be paid back by the Guardian to the bank in regular
intervals.
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