A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.
We help you to avail the Educational loans from Rs. 10 lakhs to Rs. 30 lakhs.
Documents Required
- Letter of admission
- Completely filled in Loan Application Form
- 2 passport size photographs
- Statement of cost of study
- PAN Card of the student and Parent/ Guardian
- AADHAR Card of the student and Parent/ Guardian
- Proof of identity (Driving Licence/Passport/Aadhar/ any photo identity)
- Proof of residence (Driving Licence/Passport/Electricity bill/Telephone bill)
- Student/Co-borrower/ guarantor's bank account statement for last 6 months
- IT return/ IT assessment order, of previous 2 years of Parent/ Guardian/ other co-borrower (if IT Payee)
- Brief statement of assets & liabilities of Parent/ Guardian/ other co-borrower
- Proof of income (i.e. salary slips/ Form 16) Parent/ Guardian/ other co-borrower
- Other documents on demand by panel lawyers if any.
Time duration : Minimum 25 working days with all formalities, properties papers, It returns and clear CIBIL Report.
Charges : Depends upon your Income tax papers, income , eligibility , Age and Activity minimum25000/- or 1.5 % of loan sanction letter . Processing fee will be separate.