Education Loan

Education Loan Facility for Students

The scheme aims at providing financial assistance to deserving/meritorious students for pursing professional and technical education is SRGC: especially in Shri Ram College of Engineering and Management,Muzaffarnagar.

Who is Eligible to apply

  • Should be an Indian National.
  • Should have secured admission to a higher education course in SRGC.
  • Should have admission through entrance test/merit based selection process after 10+2 or equivalent.
    If admission is purely based on marks,he should have scored in qualifying examination a minimum of 60%.

Check List

  • Passport size coloured photographs-5.
  • Address proof.
  • Age proof.
  • Proof of having cleared last qualifying examination.
  • Letter of admission.
  • Fee structure.
  • Details of assets & liabilities parents/guarantors.
  • Copy of PAN of borrower students and their parents.
Remarks:No security required upto a loan of Rs. 4 Lakh.
RepaymentRepayment of loan will be in EMIs-Spread in 10 years or less for loan upto Rs. 7.5 Lakh.

NOTE:No Prepayment penalty is levied for payment of loan.

Moritorium Period

Course period +1 year or 6 months after getting job,whichever is earlier.

Additional Benefits of Education Loan

  • Simple interest is charged during the study period + moritorium period.
  • A rebate of .50% in rate of interest to girls.
  • 1% interest concession for loanes, if interest is serviced during study period.
  • Full interest subsidy is provided during the moratorium period to students who have taken education loan & belong to economically weaker section;(parents annual income less than Rs. 4.5 Lakh)

For Further Enquiry Contact Us

Professor  :Alok Kumar Jain
Mobile   :9897396390