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| COMPARE : EDUCATION LOANS |
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| Karnataka State Cooperative Apex Bank Ltd Education Loan |
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| Introduction |
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| Karnataka State Cooperative Apex Bank provides educational loan under scheme name apex education to deserving/meritorious students for pursuing higher education and professional courses in india and abroad in reputed Universities / Institutions. |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Loan given to students only for job oriented Professional/Technical courses offered by reputed Universities/institutes. |
Professional courses like Engineering, Medical, Dental, Management etc.
Course conducted by IIM,IIT, IISc, NIFT, National law school OR Equivalent institutions/universities, Indian Business School, Hyderabad and other reputed National Institutes, etc.
Course like ICWA, CA, CFA etc. |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 2000000
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Min. - Rs 50000
Max. - Rs 750000
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| Margin Money |
Up to Rs.4.00 lakhs - NIL.
Above Rs.4.00 lakhs - 15%
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Up to Rs.4.00 lakhs - NIL.
Above Rs.4.00 lakhs - 5%
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| Tenure |
Min. - 1 Yrs.
Max. - 5 Yrs.
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Min. - 1 Yrs.
Max. - 5 Yrs.
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| Interest Rate |
Up to Rs. 4.00 lakhs 12.50% p.a.
Above Rs. 4.00 lakhs 13.50% p.a.
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Up to Rs. 4.00 lakhs 12.50% p.a.
Above Rs. 4.00 lakhs 13.50% p.a.
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 Fees & charges
Fees & charges
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Study Abroad |
Study India |
| Processing Fee |
1 % |
1 % |
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Security
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Security |
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Up to Rs.4.00 lakhs - No security for loans, to be given jointly with parent/guardian.
For above Rs.4.00 lakhs loans.
Loans should be jointly with parent/guardian.
Satisfactory Guarantee.
Assignment of future income of the student.
Loans to be jointly with parent/Guaradian and collateral security equal to 100% of loan amount or Coobligantion of III party having required Net worth not less than loan amount.
Collateral security in form of Land/Building/Govt. Securities/Gold/Deposits/salary certificate/Post dated cheques.
For Medical Courses-security of immovable property value equal to 150% of loan amount. |
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Terms & Conditions
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Terms & Conditions |
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Repayment period is 60 months from commencement of the repayment.
Repayment to begin after 1 year of completion of course OR 6 months of getting employment whichever is earlier.
EMI to be arrived at the outstanding amount when the repayment starts (Principal + Applicable Int rate at that time). |
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