www.tmb.in Tamilnad Mercantile Bank Ltd : Education Loan

[muthukalee]

Education Loan
This is scheme of choice for parents who wish to educate their children in professional courses in India / Abroad and help them get graduation / post graduation in any field of choice of the student. The cost of the education can be born by the loan from our bank.

Student Eligibility
Should be an Indian National.
Secured first class and wish for admissions in Professional / Technical / Other Courses of various studies.
Secured admission to foreign University Institutions.
Any Student who has attained the age of 18 years or Parent of the Student can avail the loan.

http://www.tmb.in/retail_education_l...ia_abroad.html

Eligible course of study
Studies in India
School education / Graduation / Post Graduation Courses.**
Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
Courses like ICWA, CA, CFA etc
Courses conducted by IIM, IIT, IISc, XLR1, NIFT etc.
Courses offered in India by Reputed Foreign universities.

Studies Abroad
Graduation: For Job oriented Professional / Technical courses offered by reputed universities.
Post Graduation: MCA , MBA , MS, etc.
Courses conducted by CIMA-London, CPA in USA etc.

Expenses considered for Loan
Fee payable to College / School / Hostel.
Examination / Library / Laboratory fee.
Purchase of Books / Equipments / Instruments / Uniforms.
Caution Deposit / Building Fund / Refundable Deposit supported by Institution Bills / Receipts.
Travel expenses / passage money for studies abroad.
Purchase of computers - essential for completion of the course.
Any other expense required to complete the course - like study tours , project work, thesis etc.

Rate of Interest
Upto Rs. 4 Lakhs - BR + 3.50% (14.25% p.a.).
Above Rs. 4 Lakhs upto Rs. 7.50 Lakhs - BR + 3.50% (14.25% p.a.) *.
Above Rs. 7.50 Lakhs upto Rs. 20 Lakhs (With 100% Collateral Only) - BR + 3.00% (13.75% p.a.).
* Interest Rate Concession by 0.50% if covered by 100% and above collateral security.
Additional Incentive of 1% in R.O.I for servicing the interest during study and moratorium period.
Current Base Rate for Lending (BR) is 10.75% p.a.

[Guest]

I am a engineering student in the deemed university. Shall i apply for a loan?

[Guest]

How much amount can I get loan for engineering?

[Unregistered]

I am in +2 and i prepare neet. Please tell me that what amount is boowered by me and also terms and conditions