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