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Karur Vysya Bank
| Eligibility : |
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Student
- Should be an Indian National.
- Secured admission to Professional / Technical / Academic courses
- Secured admission to foreign university/Institutions.
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Loan Details
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Coverage of Expenses
- Fee payable to college/ school/ hostel.
- Examination/ Library/ Laboratory fee.
- Purchase of books/ equipment’s / instruments/ uniforms. Caution
deposit/ building fund/ refundable deposit supported by Institution
bills/ receipt.
- Travel expenses/ passage money for studies abroad.
- Purchase of computers-essential for completion of the course.
- Any other expenses required to complete the course- like study
tours, project work, thesis etc
Quantum
- For studies in India - maximum Rs. 10 lacs
- For studies Abroad - maximum Rs. 20 lacs
Margin
- For loans up to Rs.4.0 lacs - No Margin
- For loans above Rs. 4 lacs
- Studies in India - 5%
- Studies abroad - 15%
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| Rate of Interest |
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| Repayment |
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Repayable in 60 to 84 monthly installments
( i.e. 5 – 7 years ).
Repayment commences after course period + 1 year or six months after
getting a Job which ever is earlier.
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| Contact Details
International Division
Karur Vysya Bank,
KVB Towers, II Floor, 568, Anna Salai, Teynampet, Chennai-600018(T.N)
Phone : 044-24314185, 24314186, 24314187
Fax : 044-24314416
Website : visit
Karur Vysya Bank Divisional Offices
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Note : Since
the rules, regulations, eligibility conditions, repayments and interests rates
etc. are revised by the banks from time to time in keeping pace with the changing
capital market conditions, students and parents are advised to thoroughly check
the terms and conditions of educational loan scheme on offer at the time of application.
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