Home >> Loans >> Cent Vidyarthi – Vocational Education and Training
Purpose of Loan
Quantum of Finance
Expenses considered for loan
Rate of Interest
Type of Borrower
Rate of interest
Female SC,ST students
1% interest concession may be provided by the bank during the moratorium period, if interest is serviced during the study period and subsequent moratorium period prior to commencement of repayment.
Interest is calculated at simple basis during Repayment Holiday / Moratorium Period. Interest will be compounded on monthly rests from due date of first instalment.
Upon completion of the course, repayment will start after a moratorium period as indicated below :
- For courses of duration upto 1 year
6 months from the completion of the course.
- For courses of duration above 1 year-
12 months from the completion of the course.
The loan will be repaid after the moratorium period in Equated Monthly Instalments (EMIs) as follows :
Loans upto Rs.50,000/- - Upto 2 years
Loans between Rs.50,000/- to Rs. 1 lakh - 2 to 5 years
Loans above Rs. 1 lakh - 3 to 7 years.