Students can finance the course fees by availing an Education Loan which will be granted by the Bank conducting the recruitment at a highly concessional rate of interest of 8% p.a. Students can therefore obtain a high quality specialized course in Banking and Finance without any monetary burden on them and fully financed by the Bank.
The EMIs for the loan would start on completion of the course duration (i.e. one year from admission). There would be no recovery of EMIs or interest during the training period and the interest accrued during this period would be recovered along with the normal EMIs. The EMIs are spread over a period of 84 months (7 years) to ensure that there is minimal impact in the monthly earnings of the PO.
The selected candidates can also avail loan for purchase of Laptop to the maximum limit of Rs. 35,000/-, if the student wishes to do so. Actual cost of purchasing a laptop or Rs. 35,000/-, whichever is lower (in case the candidate is desirous of purchasing a laptop) will be financed as loan to the selected candidates.