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.
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:cmpsb@sbm.co.in
