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  1. #1
    shamsheer Array
    Join Date
    Jul 2012

    Educational loan facility in IIM?

    there is any fecilite to get educational loan in iim?

  2. #2
    er.animesh6 Array
    Join Date
    Aug 2012
    West Bengal,Bankura

    Re: Educational loan facility in IIM?

    Education Loan to IIM students
    Students admitted to IIMs through the Common Admission Test (CAT) and pursuing two year full time management course.
    Maximum loan amountRs.20.00 lakh
    Loan to be sanctioned in individual name of the student.Parent/natural guardian may also be taken as co-borrower (Optional).
    Comprehensive Life Insurance Policy in the name of the student for at least the loan amount and minimum period of 10 years assigned in favour of Bank.
    Rate of Interest
    Male Students- Base Rate + 0.50,Female, SC,ST and Minority Community students - Base Rate .
    Eligible expenses-addition
    Fee payable to college/ school/ hostel.Examination / Library/ Laboratory fee. Purchase of books/ equipments / instruments/ uniforms.Caution deposit building fund/ refundable deposit supported by Institution bills/ receipts, subject to condition that the amount does not exceed 10 % of the total tuition fees for the entire course.Travel expenses/ passage money for studies abroad.Purchase of computers - essential for completion of the course.Insurance premium for student borrower.

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