IB Balavidhya Scheme - Indian Bank Education loan

IB Balavidhya Scheme

Eligibility	* Salaried class * Employees in public sector/reputed companies * Professional self employed with minimum 3 years of satisfactorily operated SB account with our Branch.
Amount of Loan	Actual expenses – maximum of r.30,000/- per family
Margin	5%
Interest Rates	Please refer Lending Rates link on home page in our Bank’s Website
Processing fee	Rs. 300/- per application
Repayment	10 EMI to commence from the next month of disbursement.
Security	Employer’s sponsorship/ Salary Account with our Bank/Authorisation to debit SB a/c/Post Dated Cheques
Salient Features	To meet the cost of admission fees and term fees, cost of books, uniforms, computer fees, transportation cost (if provided by the school) and duly certified by the respective school authority on yearly basis.
Other Requirements/Details	* Donation/Capitation fee is not eligible. * Children studying LKG to XII standard in any recognized school/ Govt. aided schools/Approved by Board of Education are eligible. * Roll over can be permitted every year, based on the progress of the student.