Catholic Syrian Bank

Catholic Syrian Bank’s Educational Loan

Objective of the Scheme:

Catholic Syrian Bank Provides financial assistance to deserving students to pursue higher / professional / technical education in India and abroad.

Eligibility of the Student:

• For School Education including Plus Two, Graduation Courses, Post -Graduation Courses etc
• For Courses of study abroad, the student should be an Indian National who has secured admission to professional courses through Test / selection process, to foreign University institutions.

Liability of Finance:

Expenses allotted for the Loan:

To meet the tuition and other fees, cost of Books, Computers, refundable deposits supported by Bills / Receipts, travel expenses for studies abroad etc.

Quantum of Finance:

• Studies in India - Rs. 7.50 lakhs
• Studies Abroad - Rs. 15 lakhs

Margin :

• Upto Rs. 4 lakh - Nil
• Above Rs. 4 lakhs - Study in India-5%, Study abroad-15%

Moratorium : NIL

Processing Fee / Mortgage Charges : NIL

Rate of interest :

Upto Rs.4.00 lakhs - 12.50% p.a

Above Rs.4.00 lakhs-13.00% p.a

Repayment Period of the Loan :

To commence after one year of completion of the course or 6months after getting the job, whichever is earlier. Repayment in 5 to 7 years.

For more Details, Kindly refer the following link :

http://www.csb.co.in/asp/0100text.asp?pageId=37&headId=15&searchstring=loan&PageIndex