Hi Pratyakshi,

Maximum amount of loan : Rs. 20.00 Lacs. 

Upto Rs. 4.00 lacs :- NIL

Above Rs. 4.00 lacs :- 15%

Suppose you want to take A loan of 3 lahs then you have to give your own 45, 000 an rest bank will give. This is what margin means.

Student Eligibility :

• Should be an Indian National.
• Secured admission to Professional/Technical Courses at foreign Universities/Institutions.

Coverage of expenses (for overseas studies) :

• Admission/Tuition fees to College/University.
• Hostel/Mess charges.
• Examination/Library/Laboratory fee.
• Purchase of books/equipments/instruments.
• Caution deposit/building fund/refundable deposit supported by institution bills/receipts.
• One way travel expenses/Passage money.
• Purchase of computers if essential for completion of the course.
• Any other expense required to complete the course e.g. study tour, project work, thesis etc.

Eligibility of Courses :

• Graduate/Post Graduate / Doctorate / Job Oriented Professional / Technical Courses offered by reputed Universities overseas.
• Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping etc. The Institute should be recognized by the competent local aviation / shipping authority and Director General of Civil Aviation/shipping in India.

Repayment Period :

Repayment Holiday/Moratorium Period :

• Course period + 1 year or 6 months after getting job, whichever is earlier.
  
  The loan is repayable in 5-7 years after the above period.

Security :

• Above Rs.7.5 lacs: Tangible collateral security equal to 100% of the loan
  amount along with assignment of future income
• Above Rs. 4.00 Lacs and up to Rs. 7.5 lacs: Collateral in the form of a suitable third
  party guarantee alongwith assignment of future income.
• Up to Rs.4.00/- lacs : No security

collateral: is a borrower's pledge of specific property to a lender, to secure repayment of a loan.

Rate of Interest :

• Simple interest during repayment holiday/moratorium period.
• 1% interest concession, if interest debited during the repayment holiday is serviced.
• 1% Concession in rate of interest to loans for girl student.
• Penal interest @ 2% p.a. on overdue amount if loan exceeds Rs.4/- lacs.