www.mizoramruralbank.in

EDUCATION LOAN

PURPOSE

To Provide Loan for Higher Education in India/abroad to deserving students

ELIGIBILITY

    Students

  • Should be an Indian National
  • Secured admission to profession/technical courses through Entrance Test/ Selection process
  • Secured admission to foreign university/Institution
  • Co-Borrower should be parent/guardian of the student
  • Course:-

    Studies in India

  • UG/PG level Professional Course in Engineering/Medical / Dental/ Management/Computers/Agriculture/ Law etc
  • CA/ICWA/CFA
  • Course runs by IIMs/ IITs/NITs/ IIFT/IISc/XLRI/NIFT/IIIT etc
  • Diplomas given by institution recognised by UGC/ AICTE/AIBMS/ICMR etc; other Technical /Profession course run by reputed Pvt./Govt. institutions
  • Studies abroad:-UG/PG level Technical/Professions courses & CIMA (London) and CPA (USA) accredited courses

LOAN AMOUNT

  • Studies in India - Maximum ₹ 10 Lakhs
  • Studies abroad - Maximum ₹ 20 Lakhs

MARGIN

Up to ₹ 4 Lakhs - NIL

Above ₹ 4 Lakhs - 5% for studies in India and 15% for Studies abroad

INTEREST RATE

  • As Prescribed by the Bank, Interest will be applied on monthly compounding basis
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Largest Branch Network in
Mizoram.
Mizoram Rural Bank
Head Office : MINECO,Khatla
Aizawl - 796001
Mizoram
Nodal Officer for Customer Grievance Redressal
© Copyright 2021 Mizoram Rural Bank. All Rights Reserved.

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