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    PSB Skill Education Loan

    2. Retail loan
    3. PSB Skill Education Loan

    PSB Skill Education Loan

     
    Eligibility Any individual who has secured admission / who meets the eligibility criteria with minimum qualifications to undergo skill training for the National Skill Qualification Framework (NSQF) aligned courses and/ or the Non-NSQF aligned courses by the training entities on boarded on the MSDE’s Skill India Digital Hub (SIDH) platform, is eligible for a Skilling Loan and who has executed the loan documents with the lending institutions to avail the loan.
    Quantum of finance Loans will be in the range of Rs. 5,000/- to Rs. 750,000/-
    Margin
    Loan Amount Margin requirement
    Up to Rs. 4 lakhs Nil
    Above Rs. 4 lakhs to Rs.7.5 lakhs 5%
    Security No collateral security to be taken for loans under the scheme. However, parent to execute loan document along with the student borrower as joint borrower.
    Moratorium period Upon completion of the course, repayment will start after a moratorium period as indicated below:
    Courses of duration upto 1 year upto 6 months from the completion of the course
    Courses of duration above 1 year 12 months from the completion of the course
    Repayment
    Loans upto 50,000 Upto 3 years
    Loans between 50,000 to 1 lakh Upto 5 years
    Loans above 1 lakh Upto 7 years
    Processing charges NIL

    Click Here to view Complete Checklist  

    Click Here to Apply for Retail Loan  

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    swachhbharat.mygov.in
    digitalindia.gov.in
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    udyamimitra.in
    pmjdy.gov.in
    swachhbharat.mygov.in
    swachhbharat.mygov.in
    mudra.org.in
    udyamimitra.in
    india.gov.in

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