Education Loan Scheme With Pnb

Education loan scheme of Punjab National Bank for Indian national students of m/s Whistling Woods International Limited Eligibility Courses eligible a) Acting b) Direction c) Screenwriting d) Business of film & television e) Editing f) Sound Recording, Design & Music Production g) Cinematography h) Art & Technique of Animation Students must have secured admission to aforesaid courses to apply for loan. Expenses considered for Loan • • •

Fee payable to M/s Whistling Woods International. Ltd. (including Hostel accommodation, if any.) Purchase of books / equipments / instruments/ computers - essential for completion of the Course The fee paid by the student/guardian at the time of admission may be reimbursed by taking the above amount into the loan amount. However, the request for reimbursement should be made within a maximum period of three months from the date of payment of such fee.

Quantum of Finance Need based finance for the fees ranging from 9.5 lacs to 12.6 lacs, subject to repaying capacity of the parents / students with margin. Margin : 25% Margin may be brought-in on year-to-year basis as and when disbursements are made on a prorata basis. Security: The document should be executed by the student and the parent / guardian. •

The security can be in the form of land / building / Govt. Securities / Public Sector Bonds / Units of UTI, NSC, KVP, LIC Policy, Gold, Shares / Debentures (listed on Stock Exchanges), Bank Deposit in the name of the student parent / guardian or any other third party with suitable Margin.

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Wherever the land / building is already mortgaged, the unencumbered portion can be taken as security on second charge basis provided it covers the required Loan amount.

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In case the loan is given for purchase of Computer, the same to be Hypothecated to the Bank.

Rate of Interest Up to Rs.4.00 lacs

BPLR + 0.5% = presently 11.75%

Above Rs.4.00 lacs

BPLR* + 1% + 0.5% = presently 12.75%

The interest will be debited monthly on simple basis during the Repayment holiday/ Moratorium period. Penal Interest @ 2% be charged for above Rs.4.00 lacs for the overdue amount and overdue period. Repayment Repayment Holiday / Moratorium

Course period + 1 year OR 6 months after getting job, whichever is earlier.

The loan is to be repaid in 5-7 years after commencement of repayment. I.e. after the moratorium period. The accrued interest during the repayment holiday period to be added to the principal and repayment in Equated Monthly Installments (EMI) be fixed. 1% Interest concession may be provided by Incumbents to borrower if the interest is serviced by them during the study period when repayment holiday is specified for interest / repayment under the Scheme. Interest concession is to be provided to borrowers only at the time of final repayment of the loan. Disbursement The loan will be disbursed in stages as per the requirement/demand directly to the Institutions/vendors of books/equipments/instruments to the extent possible. Loan to be sanctioned by the branch nearest to the place of domicile of the student. Students from outside the states of Maharashtra & Goa need to contact the Admissions office of WWI to provide the particulars of Punjab National Bank branches nearby the place of their domicile. Other Conditions Students will give an undertaking that after completion of course from the institute, they would get themselves registered with the relevant association/guild of the stream in which student has qualified. Whistling Woos International shall ensure this and pass on the necessary details to the bank.