Deogiri Pramod Dnyanvrudhi Yojana is the educational loan offered by the bank for the meritorious students of the country. The loan is offered for studies in India and abroad. The bank also offers loans such as home loan, personal loan, vehicle loan etc.

Purpose –           Education in India and Abroad

Quantum of Loan – Maximum Loan amount for studies in India is Rs.7.00lakhs, Maximum Loan amount for studies in Abroad is Rs.15.00lakhs; 75% of total course fees which includes Tuition Fees, Exam. Fees, Cost of Course material, equipments, Library;  Fees will be disbursed directly to the college through pay order or DD; Applicant should submit their passing certificate /marks memo every Year before next installment of Loan amount.

Rate of Interest –           14.50%            per annum; Interest will be applied monthly basis on outstanding amount.

Period –           Maximum period for repayment is 84 months (Inclusive of moratorium period)

Security –           Bank will ask for collateral security of 125% of Sanction Amount.

Guarantor – Two guarantors of well means are required

Documents                 – Applicant: Photo, Photo I D, Residence proof, Income Proof such as Last 3 months Salary slip or Last Three years Balance Sheet and Tax Returns, Quotation from College.

Guarantor:        Photo, Photo I D, Residence proof, Income Proof