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PSB Excellence-Education Loan

PSB Excellence- Education Loan For Premier Institutions

 

Eligibility

Students who have secured admission in regular full time Degree / Diploma courses of all the IIMs, AA Rated, A Rated Institutes

Quantum of finance

Need Based

Margin

NIL

Rate of Interest

Category of Institute

Repo

%

Markup %

 (3 Year Reset)

CRP %

(Yearly Review)

BSP %

(3 Year Reset)

Effective EBLR

 %

All IIM & AA Rated Institutes

6.50

1.95

0.27

(-0.62)

8.10

Other A Rated Institutes

6.50

1.95

0.27

(-0.52)

8.20

Security

Co- obligation of parents/guardian as co- borrowers.

No collateral security required.

Repayment

Maximum upto 15 years exclusive of Moratorium period.

Inspection Charges

NIL

Processing charges

NIL

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