Can you please provide here detail about the Education Loan Scheme offered by Madhya Bihar Gramin Bank?

Madhya Bihar Gramin Bank provide financial support through Vidya Dayani Education Loan Scheme to deserving students for pursuing higher or professional education

Vidya Dayani Education Loan Scheme:

Eligibility
Courses eligible-
Professional courses,
Computers certificate courses,
Courses like ICWA, CA, CFA etc.,

Student eligibility –
Indian,
Secured admission through entrance test/selection process
Parents should be in the command area of branch office.

Margin
Upto Rs.4 lac – Nil
Above Rs.4 lac – 10%

Loan Amt.:
Maximum Rs.7.5 lacs.

Repayment:
Repayment Holiday period :
Course period + 1 year or 6 months after getting job W.E.E.
After commencement of repayment within 5-7 yrs.

Upfront Fee :
0.5% of the loan Amt.

Documentation Charges:
Rs.200/- only

Contact Detail :
Madhya Bihar Gramin Bank
Head office : meena plaza
south of musuem
PATNA-800001
Contact No. - 0612-2205568
Fax - 0612-2205564
Email -enquiry@mbgbpatna.com,