Education Loans

Educational Loan

Description:

Maximum Rs. 20 lakhs for study within the country and Rs.30 lakh for study in abroad Education loan is provided for pursuing professional courses like Medical, Engineering, Management, Nursing and Law etc. Repayment of the loan with interest @3 % p.a.  in quarterly installments after 6 months of completion of the course or employment, whichever is earlier.The loan is provided subject to the availability of funds.



Eligibility Criteria:

  • Student must be of Minority community.
  • Annual family income Rs.1,20,000/- for urban area and Rs.98,000/- for rural area.
  • Age group 16-32 years

Collection & Submission of Application form:

Online Application through www.wbmdfc.net