Product Description
Purpose : Education
Loan Amount : Max 20 Lakh
Margin : As per RBI Guidelines
Repayments : Max. period 84 months
Security : Collateral Security
Benefits
Loaning : Immediate Loan Sanction
Eligibility
Guarantor : Two (Creditworthy Guarantor's)
Membership : Yes, @ 2.5 % of Loan Amount share holding
Rate of interest
Rate of interest : Up to ₹25 lakh at 10.00% per annum
Rate of Interest Onwards : ₹25 lakh at 11.00% per annum
Documents Required
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
Bank Track Record
Borrower's residential proof
Terms and Conditions
Pre-closure : No Pre-closure Charges
Loan Processing Fee : As Applicable (Service Charges)
How To Apply
Get a Education Loan in 3 easy steps.
03. Get Response
Our team will contact you promptly to process your application
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