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Memorandum of Understanding with CANARA BANK for Students' Education Loan


Educational Loans Arranged Through CANARA BANK

Benefits
1. MoU is signed between our college and Canara Bank. Madurai Circle Office for both couselling and management quota students
2. The candidate need not go to the bank. College arranges the loan
3. Loans upto Rs.4 lakhs given without any security by the bank with a holiday period of 4  1/2 years.
4. After 4 1/2 years, the student is expected to start repaying the loan. Interest chargeable @ 12%
5. To continue loan availment, the student must pass all subjects in first attempt
6. There is no income ceiling for the parents on this.
7. All students are advised to avail this loan to reduce financial burden of their parents.
8. For furthur details, contact OFFICE.