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As a parent you desire to provide the best education to the child. Cost of education these days is getting expensive. May be your child aspires to study medical or become a pilot or an architect, scientist, software engineer or a designer.
We at Agrasen Bank provide educational loans at easier terms that will enable you to help your child to fulfill his/her Career dreams.
| Eligibility | Individuals |
|---|---|
| Type of Facility | Term Loan |
| Amount of Loan | Domestic – 10 lakhs and Overseas – 20 lakhs |
| Repayment | 5 to 7 years One year after completion of course or Securing employment whichever earlier |
| Security | Regarding Mortgage of property 150% of the loan value |
| Rate of interest | 12.00% to 15.00% |
| Documentation | Term loan agreement |
| Sanctioning Authority | General Manager / CEO / Board |
| Margin | 20% - 25% |