Mahesh Shiksha Loan for deserving/meritorious students for pursuing higher studies in India / Abroad.
Indian Nationals within the area of operation of the Bank.
For Studies in India : Max. Rs.10.00 Lakhs
For Studies Abroad : Max. Rs.20.00 Lakhs
Primary : Minimum 150% of the loan amount for the loans above Rs. 0.50 Lacs.
Collateral : Personal guarantee of Parent(s); Third Party; Owner of the Property.
Maximum of 60 to 84 months excluding moratorium period i.e., Study Period + 12 Months after completion of studies / 3 months after getting a job whichever is earlier.
PDC’s issued/standing instructions to debit their savings account with us, by the parent of the applicant or Third Party.
In India – Professional Graduate/Post Graduate Courses Offered by prestigious/reputed institutions.
or any other courses as per the discretion of the bank.
Abroad – Graduate/Post Graduate Courses offered by Foreign Universities.