Home >> Loans >> Cent Comp-Exam
"Cent Comp-Exam" -New Retail Lending Scheme for financing payment of Coaching Class fees.
List of Tie-up with coaching institute
Purpose of Loan
To pay coaching fee of students who desire to undergo coaching in reputed Institutes for preparing themselves to appear for competitive Entrance Exam for admission on merits to Professional Courses (Engineering, MBBS, MBA and Post Graduation courses etc.) or to pay coaching fee of students/employed individuals for appearing CIVIL SERVICES Exam of UPSC for employment in Central Government Services (viz: IAS, IPS etc).
Parent/Guardian, jointly with the student if age of the student is 18 years or above.
Maximum loan amount
Rs. 2 lacs per child for coaching studies in India.
Maximum Amount per parent/guardian-Rs.4 Lacs for two children.
170% of the coaching fee (Bank's finance will be 90% of coaching fee or Rs 2 lakh per chi8ld/student, whichever is lower)
Pay9ment directly to Coaching Institutes along with the margin money through Banker's Cheque/Demand Draft.
Repayment to commence 3 months after first disbursement of the loan. Maximum Repayment period 36 months including moratorium period of 3 months. Repayment is on EMI basis.
Other terms & conditions
Rate of Interest
& Processing Charges