Maximum Loan Available :  Rs.20.00 Lac (depends on Income of the applicant)

Guarantors Required : Two Guarantors

Income of Surety :   As per the bank policy

Maximum period for repayment : 84 Months

Maximum moratorium period: Upto actual period of educational course

1.Documents Required of Applicant

1. Loan Application duly filled in all respect.




2. Four latest Passport size photographs.




3. Proof of Identity - Driving License and Photo copy of PAN Card compulsary and Any one of        following; photo copy of ID Card / Passport / Aadhaar Card.




4. Proof of Residence - Photo Copy of Ration Card (must) and Any one from following; Latest        Telephone Bill / Electricity Bill / Property Tax paid / Passport / Voters ID/ Aadhaar Card etc.




5. Bank A/c statement for last one year.






6. Income Proof:
          ● Salary earner
           *  last 3 months original authenticated salary slips.
           *  Copy of Form No.16 for last 2 years.
          ● Businessman
           *  Acknowledged copies of last three years I.T. Return with IT paid Challans.
           *  CA certified Trading and Profit Loss A/c, Balance Sheet with all schedules.
           *  Computation of Income statement.
           *  Business proof.
   




2. Other




7. All necessary documents in relation to Educational Programme.




8. Necessary travelling and hostelling which will satisfy the norms of educational loan.




9. ECS mandate copy,Post Dated Cheques(PDC),Standing Instruction (SI) for debiting monthly EMI        from SB or CD A/c.




10. Opening of Saving Bank A/c or business Current A/c is compulsory.




11. In case of immovable property the margin shall be 25% of loan amount.
          In case of liquid security i.e. FDR/NSC/KVP/LIC margin shall be 15%.
    




12. Share linkage - 2.5 % of loan amount.




13. Process fees as per bank's policy.




14. No pre-closer charges.




15. Interest on reducing balance.





3.Documents Required of Guarantors.




16. Two pass port size photographs.




17. Proof of Identification ... as above.




18. Proof of residence ... as above.




19. Proof of Business.




20. Income proof ... as above for two months.




PN: All photo copies must be self attested and bring the originals for verification