Mybank Udyogi Gnanamitra - A new Personal segment advances scheme to finance employed persons to pursue Programmes for career development in Distance Education Courses,Evening Courses and Study by availing leave.
Highlights of Mybank Udyogi Gnanamitra Scheme
| Name of the scheme |
MYBANK UDYOGI GNANAMITRA
|
| Objective |
To finance employed persons to pursue Programmes for career development.
|
| Eligible Courses | i) Distance Education Courses ii) Evening Courses iii) Study by availing leave Leading to Diploma/ Degree/ Post Graduation conducted by Colleges/Universities approved by UGC/Govt/AICTE/ AIBMS/ICM/IGNOU/ICFAI. |
| Nature of facility | Term Loan |
| Eligibility | Permanent employees of State/Central/PSUs/Reputed Private Institutions with a minimum service of 2 years and who have secured seat for pursuing higher studies. |
| Age | Below 45 years. |
| Quantum of Loan | 15 times net monthly income. Maximum – Rs.1.00 Lac. |
| Margin |
10%. |
| Repayment | 60 months in EMI commencing from one month from the date of disbursement. No penal charges will be levied in case of early repayment of loan by borrowers. |
| Security | Check off facility letter to be obtained from the Employer Or Post dated cheques wherever employer's undertaking is not possible and Compulsory pledge of Life Policies. |
| Processing Charge | Nil |
Contact your nearest Branch of State Bank of Mysore or
Chief Manager
State Bank of Mysore
Personal & Services Banking Department
H .O.: K.G.Road, Bangalore - 560009, INDIA
Phone: 91 80 22353901 to 22353909 ; 22353473.extn.380
91 80 22353467 Fax: 91 80 22283684
Email:
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