Co-operative Bank

The Cooperative Bank, Kapurthala

Education Loan

Education Loan
 

Beneficiery Salaried employes of coop. banks, punjab govt./chandigarh administration and its boards and corporation residing in the area of operation of the bank.
Purpose India and Abroad  higher Study
Loan Limit Maximum Rs.15.00 Lacs
Rate of interest 11.00%
Margin No margin required
Repayment  max. 5 years.
Collateral security Upto Rs.5.00 Lacs -Irrevocable letter from employer Above Rs.5.00 Lacs to Rs.15.00 Lacs - irrevocable letter and 150% of Loan Amt
Processing fee 1% of sanctioned loan (one time Min Rs.500 & max Rs.5000) + GST
Area of operation Loan shall be advanced in the area operation of Distt. Kapurthala

 

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