Purpose	For education only
Repayment Tenure	15 Years
Rate of interest	Collateral security up to 150% of loan 9.25% Collateral security above 150% of loan 8.75%
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	Min of 15%
Other Terms	Membership is necessary for the borrower and sureties to avail this loan.

0824 - 2421369, 2445742

MCC Bank Ltd
Mulki Sundaram Shetty Road,
Hampankatta, Mangalore - 575001

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0824-2421369, 2445742

Education Loan