- No Collateral Security.
- NIL Margin.
- Lower Rate of Interest.
- Reducing Balance Interest Rate.
- No Prepayment penalty.
- Quick processing and Disbursement.
Skill Loan Scheme has been developed to support the national initiatives for skill development.
Need-based finance in the range of Rs.5000 to Rs.1,50,000/-.
Courses run by Training Institutes aligned to National Skill Qualification Framework (NSQF) shall be covered by the Skill Loan. There is no minimum course duration.
NIL
Course Period | Moratorium Period |
---|---|
Upto 1 year | 6 months from the date of completion of course |
Above 1 year | 12 months from the date of completion of course |
Loan Quantum | Repayment Tenure |
---|---|
Upto Rs 50000/- | Upto 3 years |
Above Rs 50000/- and upto Rs 1,00,000/- | Upto 5 years |
Above Rs 1,00,000/- | Upto 7 years |
Proof of Identity
PAN CARD/Driver’s License/Voter ID /Passport/ Aadhar Card etc.
Proof of Residence
Driver’s License/Voter Id/Passport / Aadhar Card / Electricity Bill/Telephone Bill etc., /Business Proof related GST and others.