Education Loan

Purpose
For education only
Repayment Tenure
10 Years
Rate of interest
11.00%
Surety
Minimum one guarantor with sufficient net worth.
Security
Mortgage of unencumbered immovable property belonging to the applicant situated within the jurisdiction of the Bank. In case of direct finance, it should be situated within the territorial jurisdiction of the Branch from where the loan is availed.
Margin
75% of the valuation of immovable property.
Loan Limit
Rs. 10,00,000/- (Maximum)
Other Terms
Membership is necessary for the borrower and sureties to avail this loan.

Copyright © MCC Bank 2018. All Rights Reserved.