February 3, 2018

Sreekanth B

Loan for Education Training To Disabled Persons

Loan for Education Training To Disabled Persons, To meet tuition and other fees/maintenance cost/books and equipment etc. for pursuing professional courses in a recognised educational institution in India and abroad.


Any Indian Citizen with 40% or more disability.

Type of Loan

Term Loan Borrower

Disabled student and parent/guardian jointly. Amount of Loan Need based finance subject to the repaying capacity of the parents/students with the following ceilings

i) Studies in India - Maximum Rs. 10.00 lacs

ii) Studies Abroad - Maximum Rs. 20.00 lacs

Promoter's Contribution

i) Upto Rs. 4.0 lakh - Nil

ii) Above Rs. 4.0 lakh for courses in India - 5%

iii) Above Rs. 4.0 lakh for courses abroad. - 15%

Rate of Interest - 4% p.a.


A rebate of 0.5% p.a. on interest to women beneficiaries.

Repayment of Loan

i) The loan to be repaid within 7 years after commencement of repayment.

ii) The repayment as per repayment schedule would commence after 6 months from the date of scheduled completion of the course or after getting the job, whichever is earlier.

iii) Interest on term loan would be charged from the date of disbursement of loan from NHFDC (grace period as per lending policy is permissible).

iv) In the case of loan extended / to be extended by the Corporation under the scheme, simple interest shall be charged on the loan amount at the prescribed / applicable rate during the moratorium period and unpaid interests, if any, shall be compounded and charged at the commencement of repayment of loan at par with term loan.

v) The beneficiary will submit the copy of marks-sheet after every term/semester to the SCA for further submission to NHFDC.

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