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ஏப் 26, 2023 12:00 AM
ஏப் 26, 2023 12:00 AM
நிறம் மற்றும் எழுத்துரு அளவு மாற்ற
Parents of students having completed plus two do get worried about what to do with the fees and expenses when they get admitted to the next college.
To do away with their worries the central government provides educational loans.
Soley for this purpose the center has launched a website named 'Vidyalakshmi' that is very much actively functional. It is possible to apply online to get an educational loan.
Loans will be provided only after getting admission to college. Loans are provided for all recognised courses. The educational loans cover admission fees, tuition fees, college transport fees and even buying a laptop.
No collateral documents are required for loans up to four lakhs. A parental undertaking is required up to 7.5 lakhs. Collateral documents are needed for loans exceeding 7.5 lakhs.
Education loans are provided at an average of 10 percent interest. The loan repayment period commences exactly one year after completing the course. By the one-year period after completing the course, the student is to get into a job and repay the loan amount.
To avail educational loan the student must submit 10th and 12th mark sheet, PAN card, List of College Expenses, Two Passport size photos, Address Proof of Parents, a Six-month bank statement, and IT filing.
Students are provided with some concessions in the loan interest. Students of parents whose annual income is less than 4.5 lakh are to get an interest waiver for a limited period of time.
For more details check the official website and the particular bank.
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