Loan Period

1. In case of loan amount up to Rs. 5.00 lakhs [Clean], loan repayment will start immediately after one month from the date of 1st disbursement.
   Maximum 5 years or considering the Age & remaining Service period of Guardian / Parent.
2. In case of loan amount above Rs. 2.00 lakhs- Borrower may choose option 2 or 3.
   Option-[2] Maximum 5 years. Repayment of loan (EMI) will start immediately after one month from the date of first disbursement.
   Option-[3] Maximum 5 years (60 EMIs), to start from 6 months after completion of the course or securing a job, whichever is earlier or considering the Age & remaining Service period / Business of Guardian / Parent.
   During the period before repayment starts (i.e. moratorium period), interest is payable every month as and when applied to the loan a/c.

Guarantors

Two Guarantors with adequate means and income acceptable to the Bank

Security

1. Up to  Rs. 5.00 lakhs: – Life Insurance Policy in the name of Borrower. Assignment of LIP for Sum Assured equivalent to Loan amount, depending upon case to case basis.
2. Over Rs.. 5.00 lakhs: 100% Security by way of Immovable Property or Financial Assets like Term Deposits, NSC, LIC policies having adequate Surrender value.