About The Saraswat Co- op Bank Ltd Education Loan
Here you will find Saraswat Bank Education Loan Interest Rates, its Eligibility and Repayment Process.
Saraswati Education Loan
For Education in India and Abroad
Individual who has secured admission in any of the graduate/post- graduate courses offered by College/Institute/University approved by IBA.
Limit of loan
Studies in India – Maximum upto Rs. 10 lakh
Studies Abroad – Maximum upto Rs. 50 lakh
Basis of Advance
Upto 90% of cost of the fees and other related expenses.
Maximum 12 years inclusive of moratorium period.
Moratorium: Duration of the course plus an additional period of six months or 3 years whichever is earlier.
Rate of Interest
For IBA approved courses
Amount - Floating
Upto Rs 50 lacs - 12.00% (PLR – 2.50)
Present PLR: 14.5% p.a
0.50% less rate of interest would be applicable in case of girl students.
For Studies in India – NIL
For Studies Abroad – 0.5% of the loan amount.
Click Here for more details.