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[QUOTE=ijt.jency;300603][B][U]Name of the Department  [/U][/B]: Thoothukudi District Administration
[B][U]Type of Facility  [/U][/B]: Education Loan Application & Camp Venue/ Schedule Details 2014
[B][U]Location [/U][/B]: Thoothukudi

[B][U]Website  [/U][/B]: [URL]http://www.thoothukudi.tn.nic.in/index.html[/URL]

[B][U]Application For Educational Loan [/U][/B]:
Check List for Education Loan For the Applicant

[B][U]Papers to be submitted along with Loan application by the applicant  [/U][/B]:
1. Proof of admission to the course
2. Mark Sheet of the last Qualifying examination
3. Three Passport size photos of the borrower(s) / Guarantor (s) i.e. the student & Parent/guardian
4. Copy of Passport / Voter’s ID Card / Proof of residence / Ration Card of Parent / student / Guarantor
5. Copies of Letter confirming Scholarship / freeship / studentship etc.(if applicable)
6. Schedule of expenses for the course (Tuition fees / Hostel / Travel expenses)
7. Latest Salary slip of the parent / guardian showing all deductions.(In case Parent / Guardian is self employed income certificate issued by Thasildar should be enclosed)
8. Employment details of the parent / guardian for the last five years.
9. Latest TDS Certificate Form 16.
10. For cases eligible for interest subsidy, i.e. income does not exceed Rs.4.00 Lacs, – Certificate from Thasildar in specific format to be submitted.
11. PAN Card – for Parent / Student .

[B][U]Details Of Education Loan Camp  [/U][/B]:
[B][U]The Following is the Schedule for the proposed Education Loan Camps  [/U][/B]:

[B][U]Tiruchendur [/U][/B]: (23/08/2014)
Dr. Sivanthi Aditanar College of Engineering
(Covering Tiruchendur, Srivaikundam and Sattankulam Taluks)

[B][U]Thoothukudi [/U][/B]: ( 30/08/2014)
Subbaiah Vidyalaya Girls Hr.Sec. School
(CoveringThoothukudi Taluk)

[B][U]Kovilpatti [/U][/B]: ( 07/09/2014)
Unnamalai Institute of Technology, Kovilpatti
(Covering Ottapidaram, Ettayapuram and Kovilpatti Taluks)

[B][U]Vilathikulam [/U][/B]: (30/08/2014)
Taluk Office, Vilathikulam
(CoveringVilathikulam Taluk)

[B][U]Note [/U][/B]:
** The Camp will be conducted at the respective places mentioned above.
** The Camp will be conducted between 9.30 AM and 3.30 PM.
** The Banks in the respective Blocks under Service Area plan will participate in the Camp. If the applicant could produce the requisite documents at the Camp, steps would be taken to sanction the Loan the same day.
** Residence Proof, Income Certificate would be provided by the Village Administrative Officers at the Camp itself.
** Information would be provided by the Adi Dravidar Department regarding the State Government Scholarships.
** The Application form can be down loaded from the District Web site [URL="http://www.thoothukudi.nic.in"]www.thoothukudi.nic.in[/URL]. The hard copies are made available at the respective Taluk Office / BDO Office.
** The documents to be submitted along with the Application is given above.

[B][U]Features Of The Education Loan Scheme [/U][/B]:
[B][U]Quantum Of Finance  [/U][/B]:
Studies in India – Maximum Rs.10.00 Lacs
Studies Abroad - Maximum Rs.20.00 Lacs

[B][U]Margin Amount  [/U][/B]:
Upto Rs.4.00 Lacs – Nil
Above Rs.4.00 Lacs – Studies in India – 5%
Studies Abroad – 15%

[B][U]Security  [/U][/B]:
a) Upto Rs.4.00 Lacs
** Co-Obligation of parents
** No Security.
b) Above Rs.4.00 Lacs and upto Rs.7.50 Lacs
** Co-obligation of parents together with suitable third party guarantee.
c) Above Rs.7.50 Lacs
** Co-obligation of parents together with tangible collateral security of suitable value. Also assignment of future income of the student for repayment of the instalments.

[B][U]Rate of Interest  [/U][/B]:
** Loans upto Rs.4.00 Lacs – 13.00%(*)
** Loans above Rs.4.00 Lacs and upto Rs.7.50 Lacs – 14.50%(*)
** Loans above Rs.7.50 Lacs –13.50%(*)
** 0.50% concession in interest rate for girl students availing Educational Loans.
** 1.00% concession in rate of interest to be provided for full tenure of the loan if the full interest is serviced during the moratorium period.
** Simple interest to be charged during moratorium period.

[B][U]Note [/U][/B]:
(*)May differ slightly from Bank to Bank.

[B][U]Repayment  [/U][/B]:
[B][U]Repayment Holiday / Moratorium  [/U][/B]: 
Course Period + 1 year, or 6 months after getting job, which ever i s earlier.

(Extension of moratorium period from 1 year to 2 year may be considered on a case to case basis considering the global meltdown and near collapse of the job markets).

[B][U]Repayment  [/U][/B]: 
The Loan to be repaid in 5-7 years, after commencement of repayment.
** If the student is not able to complete the course within the scheduled time, extension of time for completion of the course may be permitted for a maximum period of 2 years.
** The accrued interest during the moratorium period to be added to the principal and repayment to be fixed in Equated Monthly installments (EMI).

[B][U]Processing Charges  [/U][/B]:
No processing / Upfront charges may be collected on educational Loans[/QUOTE]

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