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.
Or
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.
Repayment
Repayment 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