Kurakula’s

Education Loan

Kurakula’s

KURAKULAS

About Education Loan

Education is one of the largest investments made in life. Higher education and specialization in certain areas require additional financial assistance from time to time.•Education loan applicants, the bank offers a holiday period on repayment while the student is the course is on capital or interest or both. But the interest rate you borrow will certainly become very important when your studies are completed. The interest rate on a loan of education depends on whether you are a student in India or abroad, the course you are applying for the loan amount and duration. Special concessions on interest rates are available if the student is a female.

Kurakula’s

KURAKULAS

Benefits:

An easy financing for professional courses such as MBA, MBBS & B. Tech Available for higher education in India and abroad reimbursement only after stress free placement Loan covers up to as much as 20 available from various banks Lac Expenses such as tuition, food and accommodation, travel expenses and fixed costs are included in the education loan affordable interest rates Low burden for parents

Kurakula’s

KURAKULAS

OBJECTIVE & REASON:

•The KURAKULA'S Equity financial Services Private Limited Education loan scheme aims to provide financial support for the bank to deserving students

• meritorious to pursue higher studies in India and abroad. The main emphases is education with financial support on affordable terms and conditions.

Kurakula’s

KURAKULAS

ELIGIBILITY: a) Student Eligibility:

•Should be an Indian national

•Admission to secure professional courses / techniques in India or abroad through entrance test / merit based selection process.

•Good academic career.

•The student should not have loan outstanding education in any other institution.

•Mother / Father should be co-borrower.

•Led the nearest permanent residence students will examine the loan.

Kurakula’s

KURAKULAS

Qualifying course:

Studies in India:

• Graduation courses: BA, B. Com, B.Sc., etc..

• Post Graduation Courses: Masters and PhD.

•Professional courses: engineering, medicine, agriculture, veterinary, law, dental, management, IT, etc.

• Certificate Course of Computer reputed institutes accredited to Department of Electronics or institutes affiliated to university.

• Courses like ICWA, CA, CFA, etc.

Kurakula’s

KURAKULAS

• Courses conducted by IIM, IIT, IISc, XLRI, NIFT, NID and other institutions set up by Central / State Govt.

•Evening courses of approved institutes.

•Other courses leading to diploma / degree etc. conducted by colleges / universities approved by UGC / Govt. / AICTE / IAML / ICMR etc.

•Courses offered in India by reputed foreign universities with prior approval from head office.

Kurakula’s

KURAKULAS

Studies abroad:

•Graduation: For job oriented vocational / technical education offered by reputed universities.•Post Graduation: MCA, MBA, etc.•Courses conducted by CIMA - London, CPA in USA etc.

Kurakula’s

KURAKULAS

EXPENSES CONSIDERED FOR LOAN:

• Fees payable to the university / school / hostel• Examination / Library / Laboratory fees.• Purchase of books/ equipments / instruments / uniforms• Caution Deposit / Building Fund / refundable deposit supported by Institution bills / receipts.• Travel expenses / passage money for studies abroad.• Purchase of computers- Essential for completion of the course.• Any other expenditure necessary to complete the course - like study tours, project work, thesis, etc.

Kurakula’s

KURAKULAS

4. QUANTUM OF FINANCE:

•Need based finance subject to repayment capacity of parents / students with margin and the following ceilings

•Studies in India - Maximum Rs.10.00 lakh

•Studies abroad - Maximum Rs.20.00 lakh. 

Kurakula’s

KURAKULAS

MARGIN:

•Up to Rs.4 lakh: Nil

•Above Rs.4 lakh - Studies in India: 5%

•Study abroad: 15% grants could include the margin.