Lakshmi Vilas Bank
Website : www.lvbank.com/home.aspx
To meet the expenses connected with the pursuit of higher secondary education, specific courses of study at recognized institutions, including professional/job-oriented courses, which offer reasonable opportunity for employment & loan repayment capacity.
Bank Type : Private Bank
Provided study loan amount in India
Up to 7.5 Lakhs
Provided study loan amount in Abroad
Up to 15 Lakhs
Forloans up to Rs.4.00 lacs: No minimum stipulated.
For loans above Rs.4.00 lacs: (a) Studies in India :Minimum -5% (b)Studies Abroad: Minimum -15%
Interest Rate :
For loans up to Rs.4.00 lacs: At BPLR (PER: 14.75% p.a.).
For loans above Rs.4.00 lacs: BPLR+1.00% (PER: 15.75% p.a.)
Processing Fee :
To be repaid within a maximum period of 84 months, with a holiday period of course period + 1 year or 6 months after employment whichever is earlier.
For loans up to Rs.4.00 lacs: No security.
For loans above Rs.4.00 lacs: Collateral security of value equal to 100% of the loan amount or personal guarantee of third person known to the Bank whose net worth is at least equal to 200% of the loan amount or a combination of both.
Type of Loan :