Education loan process, eligibility and repayment criteria is configurable as per the state regulations
Key Features
- Eligibility criteria before completion or after completion of higher studies.
- Grace period for commencement of loan repayment.
- Capturing Educational Institutions and its details and disbursal directly to the them.
- Maximum loan period after competition of course or after discontinuation of course or after getting employment.
- Tier interest scheme –for the amount slab, interest rate before and after completion, for discontinuation, getting employment-absolute rate.
- Supported by Guarantee or Collateral of parents.
- Guardians can be Co-owner or Guarantor