Financing Your Education - Education Loan at NAMTECH

Our Financial Assistance Options

NAMTECH has tied up with Multiple Bank to make easy education loan available to its students.

NAMTECH has partnered with ICICI Bank to easily make education loans available to its
students.

Open for Indian students only

Loan amount of up to INR 20 Lakhs for higher studies to cover all educational expenses like tuition fees, hostel and living expensest

100% income tax benefit for interest paid under Section 80E of IT Act

NAMTECH has partnered with HDFC Bank to easily make education loans available to its
students.

Offer Pricing: 11% rate of interest /annum.

Processing Fees : 1% + applicable govt taxes for the loan amount more than Rs. 7.5 Lacs

Processing Fees : Nil for loan amount below Rs. 7.5 Lacs

Prepayment / Foreclosure charges : Nil

Loan Funding – Up to 85% of course fee.

Collateral – Free loan option available

Tax benefit on interest paid under Sec-80(E)

Maximum 15 years option available

Loan Disbursement To the University (as mentioned on the admission letter)

NAMTECH has partnered with Axis Bank to easily make education loans available to its
students.

No prepayment/foreclosure charges

Collateral-free loan option available

Tax benefit on interest paid under Sec-80(E)

Rate of Interest Secured loans at 10% Unsecured loans at 10.50% (floating interest rate linked to REPO rate)

Loan Amount 95% of the total cost; 100% funding option available.

Processing Fees Applicable as per Axis Bank’s norms 6 Repayment Type

Simple Interest during moratorium period option available 7 Moratorium Period* Course Period + 6months (optional) 8 Repayment Tenure*

Maximum 15 years option available

Loan Disbursement To the University (as mentioned on the admission letter)

Insurance Max Life Insurance

NAMTECH has partnered with HDFC Credila Bank to easily make education loans available to its
students.

Tuition Fee covered upto 100%

Hostel Fee covered upto 100%

Loan Amount upto 100% of cost of education

Maximum 15 years option available

Processing FEE 1% + gst

Rate of Interest to student 11% onwards

Loan Disbursement To the University (as mentioned on the admission letter)

Tax benefit on interest paid under Sec-80(E)

Collateral-free loan option available