The Saraswat Coop Bank Ltd. provides loans for studies in India and abroad.
Highlights
Study Abroad
Study India
Course
Graduation
Graduation
Loan Type
Term Loan
Term Loan
Loan Purpose
Loan given to pursue higher studies abroad.
Loan given to pursue higher studies in India.
Loan Amount
Min. - Rs 50000
Max. - Rs 2000000
Min. - Rs 50000
Max. - Rs 1000000
Tenure
Min. - 1 Yrs.
Max. - 12 Yrs.
Min. - 1 Yrs.
Max. - 12 Yrs.
Interest Rate
13% floating and 14% fixed
0.50% less rate of interest would be applicable incase of Girl students.
13% floating and 14% fixed
0.50% less rate of interest would be applicable incase of Girl students.
Fees & charges
Fees & charges
Study Abroad
Study India
Processing Fee
0.5 %
Comment on Charges
Processing Fee - 0.5%
Security
Security
Upto Rs 2.00 lakhs:Two guarantors with nominal membership/5% shareholding
Above Rs 2.00 lakhs and upto Rs 5.00 lakhs:
Hypothecation of household articles worth min of Rs 3 lakhs and two guarantors.
Equitable mortgage of Property or pledge of any other tangible security acceptable to the bank.
Minimum two guarantors of well placed means.
Terms & Conditions
Terms & Conditions
Moratorium Period: Duration of the course plus an additional period of six months or 3 years whichever is earlier.
Shareholding
Upto Rs 2 lakhs-nominal membership or 5% of the loan amount
Above Rs 2 Lakhs -2.5% of the loan amount (max Rs 25000)