Keralite students who intends to seek admission to professional
courses are eligible to apply for the loan.
Amount of Advance
amount of minimum Rs. 0.50 Lakhs and a maximum of Rs 10 Lakhs
will be disbursed according to the requirements from admission
to completion of course.
The loan is a long term loan which has to be repaid within 5 years
time from 12th month of completion of the course or on employment
whichever is earlier.
The interest rate is 12.25 % for regular customers. 12% for EWS
category ie., annual income of parent or guardian of students
is less than One Lakh. However for students under Economically
Weaker Section, government will give a subsidy of 4% and therefore
the effective rate will be only 8%.
avail this facility, please check our branch list and get in touch
with the branch
which is most convenient for you.