सेन्ट एम.पी.व्यावसायिक शिक्षा एवं प्रशिक्षण हेतु ऋण योजना 

 

CentMP Vocational Education Loan:

Purpose

Providing Loan for the students undergoing specialized skill development programs in recognized institutions

Courses Eligible

Vocational / Skill development courses of duration from 2 months to 3 years run or supported by a Ministry / Dept. / Organisation of the Govt. or a company / society / organization supported by National Skill Development Corporation or State Skill Missions / State Skill Corporations, preferably leading to a certificate / diploma / degree, etc. issued by a Govt. organization or an organization recognized / authorized by the Govt. to do so. . State Level Bankers Committee (SLBC) / State Level Coordination Committee (SLCC) may add other skill development courses / programmes, having good employability

ELIGIBILITY CRITERIA

The student should be an Indian National Have secured admission in a course run or supported by a Ministry / Dept./ Organisation of the Govt. or a company / society / organization supported by National Skill Development Corporation or State Skill Missions / State Skill Corporations, preferably leading to a certificate / diploma / degree, etc. issued by a Govt. organization or an organization recognized / authorized by the Govt. to do so

Minimum Age

There is no specific restriction with regard to the age of the student to be eligible for the loan. However, if the student was a minor, while the parent executes documents for the loan, the bank will obtain a letter of ratification from him / her upon attaining majority.

Quantum of finance

Need based finance to meet expenses as worked out under "Expenses considered for Loan" below will be considered subject to the following ceilings : For courses of duration upto 3 months Rs. 20,000/- For courses of duration 3 to 6 months Rs. 50,000/ for courses of duration 6 months to 1 year Rs. 75,000/- for courses of duration above 1 year Rs.1,50,000/- Banks may consider sanction of higher limits for courses of duration above one year, if required, for specific courses offered by reputed institutions having regard to the nature of such courses and employability (ability to repay out of job earnings).

Expenses considered for loan

1.Tuition / course fee . 2.Examination / Library / Laboratory fee 3.Caution deposit 4.Purchase of books, equipments and instruments 5.Any other reasonable expenditure found necessary for completion of the course. (As such courses are localized boarding, lodging may not be necessary. However, wherever it has been found necessary, the same could be considered on merits)

Margin

Nil

Rate of Interest

ब्याज दरें बैंक द्वारा निर्धारित बीपीएलआर आधारित होगी। वर्तमान में बैंक का बीपीएलआर 12.50% है।

 

विवरण  ब्याज दरें (%)
पुरुष विद्यार्थी  11.50 (BPLR-1%)
महिला विद्यार्थी  11.00 (BPLR-1.50%)


- अध्ययन अवधि एवं अदायगी अवधि प्रारंभ होने तक साधारण ब्याज प्रभारित किया जायेगा।
- अध्ययन अवधि एवं अदायगी अवधि प्ररंभ होने तक की गेस्टेशन अवधि मे ब्याज की अदायगी करने या नही करने का विकल्प विद्यार्थी पर छोडा जाय। गेस्टेशन अवधि के दौरान नामे किये गये ब्याज को मूलधन में जोड़कर अदायगी हेतु ईएमआई का निर्धारण किया जाए।
Servicing of interest during study period and the moratorium period till commencement of repayment is optional for students. -1% interest concession may be provided by the bank, if interest is serviced during the study period and subsequent moratorium period prior to commencement of repayment.

Processing Charges

Nil

Security

No collateral or third party guarantee will be taken. However, the parent will execute loan document along with the student borrower as joint borrower.

Moratorium Period

Upon completion of the course, repayment will start after a moratorium period as indicated below : -for courses of duration upto 1 year - 6 months from the completion of the course - for courses of duration above 1 year- 12 months from the completion the course.

Repayment

The loan will be repaid after the moratorium period as indicated above in Equated Monthly Instalments (EMIs) as follows : -courses upto 1 year - In 2 to 5 years -courses above 1 year - In 3 to 7 years.

Insurance

Optional at the requirement of the borrower.

Prepayment

The borrower can repay the loan any time after commencement of repayment before having to pay any prepayment charges.

Other terms and conditions

Other terms and conditions as applicable to the CentMP Educational Loan Scheme for pursuing higher education in India & Abroad will be applicable to this scheme also

         Terms and conditions applicable

         Please contact nearest branch for details

         ब्याज दर के लिए ब्याज दर लिंक क्लिक करें
         प्रक्रिया शुल्क के लिए सेवा प्रभार लिंक क्लिक कर