VIDYALAKSHYAPURTI EDUCATION LOAN FOR PILOT TRAINING

Eligibility

Should be an Indian National.

Secured admission to Professional / Technical courses in India or abroad through Entrance Test / Merit based Selection process..


Quantum of Finance

Need based finance, subject to repaying capacity of the parents / students with margin and the following ceilings :-

For studies in India: Maximum Rs.10.00 lacs.
For studies abroad: Maximum Rs.20.00 lacs.

Margin


Upto Rs.4.00 lacs: - Nil.
Above Rs.4.00 lacs: Studies in India 5%
Studies Abroad 15%

Security


Upto Rs.4.00 lacs: Co-Obligation of Parents. No Security..
Above Rs 4.00 lacs and Upto Rs 7.5 lacs: Co-Obligation of Parents. 3rd party guarantee acceptable to the Bank.
Above Rs 7.5 lacs: Co-Obligation of Parents. Collateral Security of suitable value along with Assignment of future income of the student for payment of installments.


Repayment

Repayment Holiday / Moratorium Coursee period + 1 year OR 6 months after getting job, whichever is earlier.
The Principl and interest is to be repaid in 5-7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time, extension of time for completion of course may be permitted for a maximum period of 2 years.
Upfront Fee

For Study in India - Nil

For Study abroad - @ 0.50% with a maximum of Rs. 5000/-(refundable on availment of the loan amount)

Documentation Charges

Upto Rs. 4 lacs Rs.300/- + Service Tax & Education Cess
Above Rs.4 lacs Rs.500/- + Service Tax & Education Cess



Contact Us

Website :

http://www.pilottraininginasia.com

http://www.pilottraininginasia.com/pnb

http://www.pilotsjobinasia.in

http://www.pilotsjobinasia.in/pnb

http://www.pilottraininginasia.in

http://www.pilottraininginasia.in/pnb

Email : pnb@pilottraininginasia.in