Eligibility :
- Should have a good academic record.
- Maximum Amount for India : Rs 200000
- Maximum Amount Overseas: Rs 600000
Documents to be submitted :
Mark sheets, addmission approval, address proof, photgraph, income proof.
Time to Process :
1 Week
Interest Rate
In India ………………………………Upto Rs 400000…………………. 12% pa
Above Rs 400000…………………13% pa.
For Overseas ……………………..Upto Rs 400000 ………………….. 12% pa
above Rs 400000……………………13% pa.
Collateral and Third Party guarantee required.
Tenures :
Maximum of five years
Repayment :
Maximum after 3 months of completion of course or the date of joining of job which ever earlier.
Contact :
Delhi Tel: 3362003, Bangalore Tel: 2266207, Chennai Tel: 8524142, Hyderabad Tel: 4755324, Kolkata Tel: 2299700, Mumbai Tel: 2182226
Website:www.iob.in