Does KSBCDC check CIBIL score?
Yes. CIBIL score is checked for all loan applications above ₹5.00 lakh. Credit details of all borrowers, irrespective of loan […]
Is there a processing fee ?
Yes. Processing fee is charged before execution of the loan agreement : Self-Employment Loans : Up to ₹10 lakh: 0.75% […]
What security is required for loans ?
Accepted securities include : Employee Surety: Permanent employees of Government, PSUs, aided institutions, etc. (Maximum loan: ₹10.00 lakh) Land Security: […]
How can I apply for a loan ?
Applicants must collect the prescribed application form from the nearest KSBCDC office and submit it with required documents such as […]
When does education loan repayment start ?
Repayment starts after the moratorium period, which is : Six months after course completion or employment, whichever is earlier. For […]
Are education loans available for studies abroad ?
Yes. Education loans are available for foreign studies with higher limits: NBCFDC: Up to ₹25.00 lakh NMDFC (Credit Line 2): […]
Who is eligible for education loans ?
Eligibility is based on community, income, and academic merit : NBCFDC: OBC students with family income below ₹3.00 lakh. NMDFC: […]
Is subsidy available for self-employment loans ?
Yes, certain schemes provide subsidies : Start-Up Scheme for OBCs: 20% of loan amount (maximum ₹2.00 lakh) from Backward Classes […]
What is the maximum loan amount for self-employment ?
NBCFDC: Up to ₹25.00 lakh NMDFC: Credit Line 1: Up to ₹20.00 lakh Credit Line 2: Up to ₹30.00 lakh […]
Who is eligible for Self-Employment Loans ?
Eligibility depends on the funding agency: NBCFDC: Backward Classes with annual family income below ₹3.00 lakh. NMDFC: Notified Minority communities […]