Format of my loan letter ..........
We are pleased to sanction you Education loan of Rs 15,00,000 Lakhs( Rs, Fifteen lakhs only) which is equal to CAD dollars $ 27,244
Course Name : Masters in Engineering-Internetworking
University Name: Dalhousie University
Po Box 15000 Halifax Ns B3H 4R2 Canada
Amount sanctioned: RS 15,00,000 (RS Fifteen lakhs only)
Rate of Interest : BASE RATE+2.75%.
Margin 15%
Repayment holiday: Course period plus six months or one year from getting job whichever is
Earlier.
Repayment period: 72 EMI after completion of repayment holiday period. Guarantor Mr XXXX &
Mrs XXX
Security: REM of Land & Building in the above address in the name of Mr. XXXX
valued RS. 24.59 Lakhs
Disbursement: Immediately on demand after obtaining VISA
Completion formalities: All sanction formalities of the bank & applicant have been completed.
ok va ? :-[