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| COMPARE : EDUCATION LOANS |
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| Punjab & Sind Bank Education Loan |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Post Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Loan is given for Graduation: For job oriented professional/technical courses offered by reputed universities, Post Graduation : MCA,MBA,MS etc., Courses conducted CIMA-London, CPA in USA etc., Diploma courses of reputed / recognized foreign Institutes/ Universities. |
Loan is given for Graduation courses : B.A. B.Com, B.Sc., etc., Post Graduation courses : Masters & Phd., Professional Courses: Engg. , Medical, Agriculture , Veterinary, Law ,Dental, Management , Computer etc., Courses like ICWA , CA , CFA etc., Evening courses of approved institutes, Other courses leading to diploma / degree etc. conducted by colleges/ universities approved by UGC/ Govt/ AICTE /AIBMS/ ICMR etc. |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 2000000
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Min. - Rs 50000
Max. - Rs 1000000
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| Margin Money |
Upto Rs. 4.00 lac. - NIL
Above Rs. 4.00 lac - 15%
Scholarship/assistantship to be included in margin.
Margin may be brought in on year to year basis as and when disbursements are made on a pro-rata basis.
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Upto Rs. 4.00 lac: NIL
Above Rs. 4.00 lac: 5%
Scholarship/assistantship to be included in margin.
Margin may be brought in on year to year basis as and when disbursements are made on a pro-rata basis.
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| Tenure |
Min. - 5 Yrs.
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Min. - 5 Yrs.
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| Interest Rate |
loan up to 4 lacs 14.80%
loan above 4 lacs and up to 10.00 lacs 15.30
loan above 10.00 lacs and up to 20.00 lacs 16.05
Additional concession of 0.50% in the aforesaid interest rate structure for girl students.
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loan up to 4 lacs 14.80%
loan above 4 lacs and up to 10.00 lacs 15.30
loan above 10.00 lacs and up to 20.00 lacs 16.05
Additional concession of 0.50% in the aforesaid interest rate structure for girl students.
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 Fees & charges
Fees & charges
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Study Abroad |
Study India |
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| Comment on Charges |
Processing charges : Borrower to deposit a sum of Rs.2000/- in lieu of Processing fee , in Saving account ( to be kept under reserve . Withdrawl thereof may be allowed to the borrower only after full availment of the loan. Otherwise the same will be recovered as processing fee. |
Processing charges: Borrower to deposit a sum of Rs.1,000/- in lieu of Processing fee , in Saving account ( to be kept under reserve . Withdrawl thereof may be allowed to the borrower only after full availment of the loan. Otherwise the same will be recovered as processing fee. |
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Security
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Security |
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Upto Rs.4 lac - No security
Above Rs.4 lac & Upto Rs.7.50 lac - Third Party Guarantee And / Or Collateral
Above Rs.7.50 lac - Collateral & Third Party Guarantee |
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Terms & Conditions
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Terms & Conditions |
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Repayment holiday/Moratorium : Course period + 1 year or 6 months after getting job, whichever is earlier. If the student is not able to complete the course within the scheduled time , extension of time for completion of course may be permitted for a maximum period of 2 years.
The accrued interest during the repayment holiday period to be added to the principal and repayment in Equated Monthly Instalments (EMI) fixed. |
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