SHG - Vidhya Shoba - Indian Bank Education Loan
| SHG - Vidhya Shoba |
| Purpose / Objective | To meet the educational expenses of the children of SHG members. |
| Eligibility | SHGs with a good track record / repayment, which is in existence for more than 2 years. |
| Amount of Loan | In Multiples of accumulated savings subject to maximum of six times at any time of the year depending upon educational requirements of the wards of SHG members. |
| Interest Rates | For Short Term Loan (STL) :
| Amount Slab(Rs. in Lakhs) | Interest Rate |
|---|
| Upto 2.00 | BPLR less 1.00% |
| >2.00 | BPLR |
|
| Repayment | Repayment is over a period of 12 – 24 months. |
|
For more information & apply online visit: http://www.indianbank.in
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