::  Education Loan  ::

 
 

 

 
 

Education Loan

 



 

The Easiest Way to Higher Education

 
Purpose : Graduation.
Post – Graduation.
Study in Abroad
Loan Amount : 100 % Education Expenses Or Maximum Rs. 10.00 lack (in India) &
Rs. 15 Lacs (for Abroad) whichever lower
Margin : 0 %
Rate of Interest : @ 14 %
Guarantor : Two (Creditworthy Guarantor’s )
Membership : Yes, @ 2.5 % of Loan Amount share holding
Loaning : Immediate Loan Sanction
Repayments : Max. period 84 months
Security : Collateral Security
Documents : Admission Confirmation letter
Fees demand letter from concern institute
I D & R D Proof’s documents of Applicant & Guarantor’s
Latest Income Proof of Applicant & Guarantor’s
o In case of Businessman- Last three I T returns with audited Financial Statement.
Bank Track Record last year
o In case of Salary Earner – Last three months Salary Certificate and one years
Salary a/c statement.
I D & R D Proof’s documents of Applicant & Guarantor’s
Bank Track Record
Borrower’s residential proof
Pre-closure : No Pre-closure Charges
Loan Processing Fee : As per Loan Amount.
Up to Rs 5.00 Lacks @ 0.60%
Rs. 5.00 Lacs to 10.00 Lacks @ 0.50%
Above Rs 10.00 Lacks @ 0.40%