Deogiri Pramod Dnyanvrudhi Yojana [Educational Loan Scheme]

Apply For Loan

Purpose :

Education in India and Abroad.

Loan Amount :

1. Max. Loan amount for studies in India is Rs. 10.00 Lacs.
2. Max. Loan amount for studies in Abroad is Rs. 20.00 Lacs.
3. 75% of total course fees which include Tuition Fees, Exam. Fees, Cost of Course material, equipment, Library.
4. Fees will be disbursed directly to the college through pay order or DD.
5. Applicant should submit their passing certificate /marks memo every Year before the next installment of Loan amount.

Rate Of Interest / EMI:

Card Rates applicable (p.a.) Interest will be applied monthly basis on outstanding amounts. EMI Starts at Rs. 1766* per month. Depending on your tenure.

Period :

Maximum period for repayment is 84 months (Inclusive of moratorium period).

Security :

Bank will ask for collateral security of 125% of Sanction Amount.

Guarantor :

Two guarantors of good means are required.

Documents :

1. Applicant -

Photo, Photo ID, Residence proof, Income Proof such as the Last 3 months Salary slip or Last Three years Balance Sheet and Tax Returns, Quotation or Estimate with evidence.

2. Guarantor -

Photo, Photo ID, Residence proof, Income Proof