Education Loan

For education only
Repayment Tenure
10 Years
Rate of interest

Collateral security up to 150% of loan         9.25%

Collateral security above 150% of loan       8.75% 

Minimum one guarantor with sufficient net worth.
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.
75% of the valuation of immovable property.
Loan Limit
Rs. 50,00,000/- (Maximum)
Other Terms
Membership is necessary for the borrower and sureties to avail this loan.

Copyright © MCC Bank 2022. All Rights Reserved.