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Studies in Fiji |
Studies Abroad |
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Eligibility |
• Fiji Citizen • Secured admission to a recognized College / Institute/ university •
Education after form-VI (class XII) • For Diploma courses, Degree courses and Post Graduate courses. |
• Fiji national • Secured admission to professional / technical courses abroad through entrance/ merit based selection process. (Letter from Institution and fee details is required) |
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Coverage of expenses |
• College / University Admission / Tuition fees. • Examination / Library / Laboratory fee. • Hostel/Boarding and other Fees • Purchase of books /equipments/ instruments/ uniforms. • Personal Computers/ Laptops (supported by Institution bills / receipts)
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• Admission / Tuition Fees to College/ University • Hostel / Mess charges, • Examination / Library / Laboratory fee • Purchase of books / equipments / instruments / uniforms. • Purchase of computer/ Laptop • One way Travel expenses / passage money • Any other expense required to complete the course e.g. study tour, project work, thesis, etc. (supported by Institution bills / receipts)
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Maximum amount of loan |
Need
based finance subject to the following: Diploma courses - F$10,000/- Graduate courses - F$25,000/- PG courses - F$20,000/- (Subject to repayment capacity of parents) |
Maximum F$75000/- Territorial Head to be
authorised to increase the maximum amount by additional F$15,000/- on
case to case basis. |
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Margin |
10% |
10% |
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Rate of Interest |
9% p.a at present (variable) |
9% p.a at present (variable) |
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Repayment Period |
For
courses up to -18- months:- Maximum of -24- equated installments, and repayment to commence after -6- months from the date of first disbursement. For courses exceeding -18- months:- Maximum of -48- equated installments, and repayment to commence after -12- months from th date of first disbursement. |
Maximum of -72- equated
installments and repayment to commence after -12- months from the date of first disbursement. |
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Repayment Capacity |
Parents income will be reckoned for calculating repayment capacity and total deductions from the income including the proposed equated installment should not exceed 60% of total income. |
Parents income will be reckoned for calculating repayment capacity and total deductions from the income including the proposed equated installment should not exceed 60% of total income. |
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Security |
Loan is to be secured by liquid securities viz. Term
deposits / Life policies or by way of first registered mortgage of the
property. |
Loan is to be secured by liquid
securities viz. Term deposits / Life policies or by way of first
registered mortgage of the property. |
*Terms & Conditions Apply