• Kondalampatti (PO), Salem - 636010, Tamilnadu, INDIA
  • +91 427 2270537
  • ssc.sfcw2010@gmail.com
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About Educational Loan
About Education Loan
Government of India in consultation with Reserve Bank of India (RBI) and Indian Banker’s Association (IBA) has framed a Comprehensive Educational Loan Scheme to ensure that no deserving student in the Country is deprived of higher education for want of finances. The new scheme covers all type of courses in schools and colleges in India and abroad.
The Salient features of the scheme are as under:

The scheme envisages loans up to Rs.7.5 lakh for studies in India and up to Rs. 15 lakh for studies abroad.

  • The loans are to be repaid over a period of 5 to 7 years with provision of grace period of one year after completion of studies
Documents Required
  1. Completed Education Loan Application Form.
  2. Mark sheets of last qualifying examination
  3. Proof of admission scholarship, studentship etc
  4. Schedule of expenses for the specified course
  5. Two passport size photographs
  6. Borrower’s bank account statement for the last six months
Brief statement of assets and liabilities of the Co-borrower
AmountSecurity
Upto Rs. 4 lacsNo Security
Rs. 4 lacs to Rs. 7.50 lacsThird Party Guarantee
Above 7.50 LacsTangible Collateral security for full value of loan

Salem Sowdeswari College (SSC) was founded in 1975 by Dr. J.K.K. Angappa Chettiar and Amarar Thiru. T.N.K. Govindaraju Chettiar, under the management of Sri Sowdeswari Mahajana Charitable Trust.

Contact Address
  • Kondalampatti (PO), Salem - 636010, Tamilnadu, INDIA
  • +91 427 2270537
  • ssc.sfcw2010@gmail.com
  • Help Line : Dr.P.Sathya-90956 85600

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