Indian overseas bank
The bank finances graduation, post graduation, diploma courses and courses in computer education institute recognised by the state/central government under vidya jyoti Education loan scheme. The loan sanction can extend up to two lakhs.
The loan is to be repaid in 60 monthly installments excluding the holiday period.
The following documents need to be produced for loans upto Rs. one lakhs; personal guarantee of parent, third party guarantee; assignment of LIC policy with profit in the name of application equivalent to the loan amount. For loans above Rs. one lakhs; personal guarantee of parent, collateral security in form of NSC/LIC policy or immovable property.