Lakshmi Vilas Bank Educational Loans | www.lvbank.com

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
Margin

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 :

Nil

Re-Payment :

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.

Security :

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 :

Term Loan

If you have questions, please ask below

One Comment


  1. M.Gowtheeshwaran says:

    As i got the educational loan in lvb for my engineering. They only sanctioned(only three years) 35,500-per year for this amount they asked insurance.This is required for the loan.pls reply
    thank u
    truely by
    M.Gowtheesh
    from salem

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