The Ratnakar Bank Education Loan Scheme
| Eligibility : Student
- Student should be an Indian national and have secured admission
to a professional or technical course in an Indian or Foreign university.
Courses
a) For Studies in India
- Graduation courses
- Post-Graduation courses
- Masters & PhD
- Professional courses
b) Studies abroad:
- Graduation for professional/ technical courses offered by reputed
universities
Loan Details
Coverage of expenses
- Fee payable to colleges/ schools/ hostels
- Examination/ Library/ Laboratory fees.
- Purchase of books, equipment, instruments and uniforms.
- Passage fare for travel abroad.
- Purchase of computers needed to complete the course.
- Any other expense to complete the course like study tours, project
work, thesis etc.
Quantum
- Studies in India - Upto Rs.7 lakhs
- Studies in Abroad - Upto- Rs. 15 lakhs
Margin
- Upto Rs.4 lakhs - Nil
- Above Rs.4 lakhs - 5%
Rate of Interest As applicable from time to time.
- For loan up to Rs. 4 Lakhs - Interest rate as per PLR
- Above Rs. 4 Lakhs - PLR +1% for loans
Repayment Repayment period- 7 years
Processing Fees - Nil
Contact Details
Administrative Office:
The Ratnakar Bank Ltd.,
'Mahavir', Shri Shahu Market Yard, Kolhapur - 416005. Maharashtra State
Telephone No. : 0231-2650981 to 984
Fax No. : 0231-2657386
E-mail : Contact
Now
Website : visit
|
Click
here for the nearest bank branches
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.
