East Education Schemes
Friday, September 19th, 2008The ICICI bank has launched new educations on loan schemes called STUDY NOW PAYS LATER. The loan covers the cost fees presented by the institutions, hostel fee, examinations fee, study tours, thesis, books, and other requirements of the curriculum’s. Loan up to 95% of the total fees is permissible. The borrower is expected to repay with interest within a certain period. This is generally after the course competition because such education is joule potential with good joule placements. According to bank policy the borrower has to bear 5- 15 % of margin money. Loan is sanctioned for education not only in India but also pursuing education not only in India but also education in abroad. Loans are offered at fixed or floated rates of interest and can be repaid in Equated Monthly Installments (EMIs). The loans amount is directly aid to the institutions in phases.