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State Bank of Mysore
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Courses Eligible: Graduate courses in the faculty of engineering, technology, architecture, medicine, dental science, agricultural science, veterinary science of any recognised university.
Computer courses accredited by department of electronics, govt. of India offered by institution approved by DOEAC. Regular diploma courses in the field of science/Engineering/Technology/ commerce of any recognised board(like Technical education Board/Secondary Education examination Board) or university. Degree or diploma in paramedical courses like nursing / pathology / radiology, etc of any recognised board / university. Post graduate courses in engineering, Technology, Medicine, Dental Science, Agricultural Science, Veterinary science, industrial Management, Business administration or management science through recognised institution or university
| Type of loan : |
Term lone in the joint names of student and parent |
| Amount of loan : |
Rs 10,000 /- to Rs 10,00,000 /- |
| Margin : |
10 % of the project |
| Interest : |
From 12.24% to 15.3% as revised from time to time |
| Repayment : |
Repayment of loan to commence one year after completion of the course or securing the job whichever is earlier(interest is paid by the parent or guardian during this period |
| Security : |
Collateral security and third party guarantee if collateral is insufficient. |
| Insurance : |
Obtention of policy on the life the student applicant will be waived where the loan is fully secured. |
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