Fees payable to college/school/hostel.

Examination/Library Fees.

Purchase of books/equipment/instruments.

Purchase of computer/laptop.

Caution deposit/building fund/refundable deposit.

Life Insurance Premium for life cover of student/co-borrower for the total tenure of the loan.

Any other expenses related to education.

Security:

Up to Rs. 4 lacs: Parent(s) or co-borrower as joint borrowers. Obtention of cover under CGFSEL is mandatory.

Above Rs. 4 lacs & up to Rs. 7.50 lacs: Parent(s) or co-borrower as joint borrowers. Obtention of cover under CGFSEL is mandatory.

Above Rs. 7.50 lacs: Parent(s) or co-borrower as joint borrowers. Tangible collateral security of suitable value. Assignment of future income of the student for payment of installments.

Rate of Interest:

For loans up to Rs. 7.50 lacs: 1 Year RBLR + 1.70%.

For loans above Rs. 7.50 lacs: 1 Year RBLR + 2.50%.

Charges:

No processing charges.

VLP portal charges of Rs. 100.00 + 18% GST.

Charges for any deviation from the scheme norms.

Repayment Period:

Moratorium up to the course period plus 1 year.

Repayment period: 15 years from the date of commencement of repayment.

Coverage under Credit:

Educational Loans up to Rs. 7.50 lacs are eligible for coverage under CGFSEL.

Loan disbursed in stages as per requirement.

Student to produce mark list of the previous term/semester before availing the next installment.

Immediate notification required for changes in course/completion of studies/termination of studies, etc.

Below are the key features and benefits of the Start Education Loan:
Advantages:

No documentation charges.

No hidden charges.

No prepayment penalty.

NIL processing charges.

No collateral security required up to Rs. 7.50 Lakhs.

Nil margin up to Rs. 4.00 Lakhs.

Takeover of loan facility from other banks available.

Features:

Education loans for higher studies in India, covering regular full-time Degree/Post Graduation courses.

Loan amount up to Rs. 150 Lakhs considered for both medical and non-medical courses.

Quantum of Loan:

Maximum Rs. 150.00 Lakh for Medical courses (excluding Nursing) and non-medical courses.

Need-based finance to meet expenses, subject to earning potential of students upon completion of the course.

"Start Education Loan" is a comprehensive financial solution that strives to make quality education accessible to deserving students, fostering their academic growth and future success.

Follow the below steps to apply for the program:
1. Visit Our Official Website.
2. Read carefully all the information about the program details.
3. Click on the "Register" to complete the registration with required details.
4. After successful registration, Use the received credentials to log into your account.
5. Once logged in, Click on the "Apply" button.
6. You will be directed to the application form. Fill in all the required details accurately.
7. Prepare the necessary documents as specified in the application requirements.
8. Upload these documents in the designated sections of the application form.
9. Before submitting, review all the information you have provided.
10. After that, Click on the "Submit” button to submit your application.
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