Eligibility
The child (if above 18 years of age) should be a co-applicant for the said loan
Minimum of Rs 50,000 and a maximum of Rs 2.5Mn without any collateral/guarantors
More than Rs 2.5Mn and up to Rs 7.5Mn – need to provide tangible collateral acceptable to the bank
Basic minimum remuneration of Rs 50,000 without fixed allowances
For the purchase of a laptop or a desktop computer, a proforma invoice also should be submitted, and all payments will be directly paid to the vendor
Minimum of Rs 50,000 and a maximum of Rs 2.5Mn without any collateral/guarantors
More than Rs 2.5Mn and up to Rs 7.5Mn – need to provide tangible collateral acceptable to the bank
Salary should be deposited directly into the given bank account or installment payments should be made via a standing order
Basic minimum remuneration is Rs 50,000 without fixed allowances
In case of purchase of a Laptop or a Desktop computer, a proforma invoice also should be submitted & all payments will be directly paid to the vendor
