Indian overseas bank

Courses:

The bank finances graduation, post graduation, diploma courses and courses in computer education institute recognised by the state/central government under vidya jyoti Education loan scheme. The loan sanction can extend up to two lakhs.

Repayment:

The loan is to be repaid in 60 monthly installments excluding the holiday period.

Security:

The following documents need to be produced for loans upto Rs. one lakhs; personal guarantee of parent, third party guarantee; assignment of LIC policy with profit in the name of application equivalent to the loan amount. For loans above Rs. one lakhs; personal guarantee of parent, collateral security in form of NSC/LIC policy or immovable property.

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