Pilot Training  Education Loan-Canara Bank

Eligibility : 

Courses

a) Studies in India

• Graduation
• Post-graduation including technical / professional courses with employment potential conducted by colleges / Universities approved by UGC / Govt./AICTE/Department of Electronics / IMC, autonomous institutions like IIT,IIM etc.

b) Studies abroad:

• Job oriented, technical / professional courses- (graduation / post graduation

Loan Details

Coverage of expenses 

• Payment of course fees
• Purchase of books, equipments, instruments, uniform
• Payment of hostel fees, examination fees, study tours
• Passage expenses (for studies abroad)

Quantum 
Need based finance

• For studies in India : Max. Rs.7.50 lacs 
• For studies abroad : Max Rs.15.00 lacs

Margin :

• Upto to Rs.4.00 lacs - Nil
• Above Rs.4.00 lacs
  for studies in India : 5%
  studies abroad : 15%

Security :
Loan is given jointly to the student and parent /guardian
Assignment of future income of the student 

• Upto Rs.4.00 lacs - No security
• Above Rs.4.00 lacs upto Rs. 7.50 lacs - Satisfactory third party guarantee
• Above Rs. 7.50 lakhs: Collateral security equal to 100% of the loan amount. 

Rate of Interest

As per bank rules

Repayment

Commences one year after completion of the course or six months after getting employment, whichever is earlier.
Loan with interest is repayable in equated monthly instalments within 5 to 7 years.

Head Office - Canara Bank
P.O. Box No. 6648, 112, Jayacharamarajendra Road, Bangalore-560002
Phone : 080 - 2222 1581
Fax : 080 - 2222 2704
E-mail : Contact Now
Website : visit

For any further query you are free to contact us.

NEW FLIGHT SERVICES 
108 # Ambikapuri Extension Airport Road Indore 452005 M.P. INDIA
Tel: +91-731-4044650 +91-731-6450535 +91-731-6452650
Mobile 093295 06427 / 93000 32375 
Fax: +91-731- 4044650 

                  
Web: http://www.newflight.in,

Email: newflights@rediffmail.com,

office@newflight.in,

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