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| COMPARE : EDUCATION LOANS |
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| Karnataka bank Education Loan |
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| Introduction |
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| Karnataka bank offers education loan to the aspiring students under the Vidyanidhi education loan scheme. Bank gives loan to the students for higher studies in India and abroad. The loan covers tuition fees, books, study material, hostel boarding and even air travel expenses. |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Expenses for tuition fees, books, study material, hostel boarding and air travel |
Expenses for tuition fees, books, study material, hostel boarding and air travel |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 2000000
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Min. - Rs 50000
Max. - Rs 1000000
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| Margin Money |
Loan upto Rs.4 lakh: Nil
Loan above Rs.4 lakh for studies abroad: 15%
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Loan upto Rs.4 lakh: No margin required.
Loan above Rs.4 lakh: 5% for studies in India
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| Tenure |
Min. - 5 Yrs.
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Min. - 1 Yrs.
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| Interest Rate |
Upto Rs. 4.00 lakh: 14.50%
Above 4.00 lakh: 15.50%
0.50% concession for girl student.
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Upto Rs. 4.00 lakh: 14.50%
Above 4.00 lakh: 15.50%
0.50% concession for girl student.
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| Time to Process Loan |
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7 days |
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 Fees & charges
Fees & charges
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Security
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Security |
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Up to Rs.4 lakh: No security.
Above Rs.4 lakh and upto Rs.7.50 lakh: Collateral in the form of a suitable third party guarantee.
Above Rs.7.50 lakh: Collateral security of suitable value or suitable third party guarantee along with the assignment of future income of the student for payment of installments. |
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Terms & Conditions
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Terms & Conditions |
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The loan shall be repaid in 5 to 7 years after commencement of repayment. If the student secures employment during the holiday period, the repayment schedule should be advanced to commence immediately. |
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Show All Education Loans
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