Education Loan
The Easiest Way to Higher Education
| Purpose | : | » Education |
| Loan Amount | : | » Max 20 Lakh |
| Margin | : | » As per RBI Guidelines |
| 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 » ID & RD Proof's documents of Applicant & Guarantor's » Aadhar Card » PAN Card » Latest Income Proof of Applicant & Guarantor's • In case of Businessman- Last three I T returns with audited Financial Statement. Bank Track Record last year • In case of Salary Earner – Last three months Salary Certificate and one years Salary a/c statement. » ID & RD Proof's documents of Applicant & Guarantor's » Aadhar Card » PAN Card » Bank Track Record » Borrower's residential proof |
| Pre-closure | : | » No Pre-closure Charges |
| Loan Processing Fee | : | » As Applicable (Service Charges) |