To extend financial assistance to deserving meritorious students for pursuing higher education in India & abroad. ELIGIBILITY Should be an Indian National. Secured admission to professional/technical courses in India or abroad through Entrance Test/Selection process. Secured admission to foreign university / institutions. LOAN AMOUNT Need based finance subject to repaying capacity of parents / students. Studies in India: Max. Rs. 10.00 lacs Studies Abroad: Max. Rs.20.00 lacs MARGIN Up to Rs. 4 lacs : Nil Above Rs.4 lacs : Studies in India : 5% Studies Abroad : 15% INTEREST RATE CLICK HERE LOAN AGAINST MORTGAGE OF IMMOVABLE PROPERTY PURPOSE General purpose loan/Line of credit ELIGIBILITY Individuals who are Employees Professionals, self-employed and others who are income tax assessees. Engaged in agriculture and allied activities. INCOME Minimum Net Monthly Income Rs.12000/- for salaried persons or Net Annual Income of Rs.150000/- in case of others & self employed. AGE LIMIT Maximum – 60 years. LOAN AMOUNT Minimum – 1,00,000/- Maximum – 24 times Net Monthly Income or 2 times Net Annual Income subject to a ceiling of Rs. 50 lacs. SECURITY Mortgage of property. MARGIN 40% of the market value of the property. REPAYMENT Maximum – 60 months. INTEREST CLICK HERE PREPAYMENT No prepayment penalty. for more details, please visit http://www.indorebank.org/