CUSTOMIZED EDUCATION LOAN SCHEME FOR STUDENTS OF MDI, GURGAON & IMT, GHAZIABAD
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Purpose | To provide financial support to meritorious students pursuing various courses conducted by conducted by MDI, Gurgaon & IMT, Ghaziabad. The courses conducted by these institutions for working executives will also be covered under this customized scheme. |
Eligibility |
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Eligible Courses | All regular courses conducted by these institutions including specific part-time courses with duration of 1 year & above. |
Component of Finance |
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Amount of loan | Up to Rs. 20.00 Lacs |
Margin |
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Application of Interest & Its service | 1. 0.50% concession in rate of interest for girl student. 2. Simple interest will apply during Moratorium period (Study + Grace period). Thereafter interest will be compounded. |
Penal Interest | 2% over the normal rate of interest shall be charged on irregular amount and for the irregular period. |
Process/ Upfront/ Documentation/ / Prepayment Penalty Fee | NIL |
Security |
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Collateral Security | NIL |
Repayment Period |
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Oriental Bank of Commerce Education Loan Scheme For MDI, Gurgaon & IMT Ghaziabad
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