Ramavilasom Training College - Eligibility for Alumni Loan

1. Only Members of Ramavilasom Training College Alumni Association are eligible to apply for the loan.

2. This interest free loan is intended for unemployed financially poor alumni of the college belonging to the immediate passed out batch.

3. The maximum amount of loan given to an applicant is Rs.5000.00

4. The number of loans available per year is ten.

5. Refund of loan amount is to start twelve months after availing the loan amount.

6. Refund is to be made in 24 Equal Monthly Installments.

7. Settlement of the loan is to be completed within 36 months after availing the loan.

8. Sanctioning of loan will be done by a nine member committee constituted and chaired by the principal- (Three members of the staff Two members of the Alumni Association, two members of Parent Teacher association, one member representing the Manager and the Principal)

9. The decision of the nine member committee constituted by the Principal shall be final

10. Loan document should be executed by both the student and the parent/guardian as Joint borrowers.