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Bank Loans are easily available
for higher studies anywhere in the world. Loans
should be preferably taken from a Nationalised
Bank. The term & condition for educational
loans may vary from Bank to Bank.
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YAll Professional/Technical job
oriented courses offered by reputed Universities. |
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For Loans up to Rs.4 Lakhs, no
collateral security is required. For Loans above
Rs.4 Lakhs, collateral security is required.
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Course period + one year or 6
months after getting a job, whichever is earlier.
The loan is to be repaid in 5-7 years after commencement
of repayment.
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Up to Rs. 4 Lakhs-PLR
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Above Rs. 4 Lakhs-PLR + 1% |
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Simple interest will be calculated during
Repayment Holiday / Moratorium period. |
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Loan application |
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Photograph, Residence proof of borrower
and guarantor. |
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Covering letter stating sources of owned
funds. |
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Fee receipts or proof of payments made. |
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Title Deeds of the ownership property to
be mortgaged as security. |
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Copy of passport & Visa, if student
is going abroad for higher education and
related documents. |
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Income proof of the applicant in the form
of last 3 months salary slip/Certificate
or copy of the last 3 years IT returns filed
with computation details of personal assets
& liabilities. |
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Two guarantors with their latest salary
Slip / certificate in case guarantor belongs
to service class or latest income tax
returns filed with the computation of income
in case the guarantor is a businessman,
professional or employed |
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