| `PUPGB Saraswati` Education Loan Scheme For Students Pursuing Higher Education In India. |
| Objective |
| To provide financial support to meritorious students for pursuing higher education in India. |
| Students Who Secure Admission In Institutes As Under |
| Approved courses leading to Graduate/ Post Graduate degree and PG Diplomas conducted by recognized colleges/ universities recognized by UGC/ Govt. / AICTE/ AIBMS/ ICMR etc. |
| Courses like ICWA, CA, CFA etc. |
| Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID etc. |
| Regular Degree/Diploma courses like Aeronautical, pilot training, shipping Nursing or any other discipline approved by Director General of Civil Aviation/Shipping/ Indian Nursing Council or any other regulatory body as the case may be. |
| Approved courses offered in India by reputed foreign universities. |
| Courses as defined under various Government Subsidy Schemes. |
|
| Purpose |
| Fee payable to college/ school/ hostel |
| Examination/ Library/ Laboratory fee. |
| Insurance premium for student borrower, if applicable. |
| Caution deposit, Building fund/refundable deposit supported by Institution bills/receipts. |
| Purchase of books/ equipments/ instruments/ uniforms. |
| Purchase of computer at reasonable cost, if required for completion of the course. |
| Any other expense required to complete the course - like study tours, project work, thesis, etc. |
|
| Eligibility |
| Should be a resident Indian. |
| Should have secured admission to a higher education course in recognized institutions in India through Entrance Test/ Merit Based Selection process after completion of HSC(10 plus 2 or equivalent). |
| Cases of Management Quota may be considered on merit basis; |
|
| Quantum Of Finance |
| Need based Finance subject to margin as per guidelines. |
| Reimbursement of fees paid within six months may be permitted on individual merits of the case. |
|
| Margin |
| Up to Rs. 4 lac - NIL |
| Above Rs. 4 lac - 5% |
| Scholarship/ assistantship may be considered in margin. |
| Margin may be brought-in on year-to-year basis as and when disbursements are made on a pro-rata basis. |
|
| Security |
| Upto Rs. 7.50 lacs: Parent(s)/guardian be made joint borrower (s). No tangible Security and /or 3rd party guarantee is required. |
| Above Rs.7.50 lacs: Parent(s)/guardian be joint borrower(s).Tangible collateral security of suitable value acceptable to bank. |
|
| Repayment (Maximum) |
Maximum upto 15 years |
| Repayment Holiday/ Moratorium |
Course period + 1 year |
| Prepayment Charges |
NIL |
| Rate of Interest |
Click Here |
| Processing Charges/ Upfront fee |
Click Here |
| Documentation Charges |
Click Here |