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Sunday, 22 January 2012
Information of Student Loans at Indian Overseas Bank
Information of Student Loans at Indian Overseas Bank
Eligibility :
Should have a good academic record. Maximum Amount for India : Rs 200000 Maximum Amount Overseas: Rs 600000
Documents to be submitted :
Mark sheets, addmission approval, address proof, photgraph, income proof.
Time to Process :
1 Week
Interest Rate
In India ………………………………Upto Rs 400000…………………. 12% pa Above Rs 400000…………………13% pa. For Overseas ……………………..Upto Rs 400000 ………………….. 12% pa above Rs 400000……………………13% pa. Collateral and Third Party guarantee required.
Tenures :
Maximum of five years
Repayment :
Maximum after 3 months of completion of course or the date of joining of job which ever earlier.
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