Both Secured & Unsecured Loan Available

Upto 75 Lakhs

Co-applicant may be required

ELIGIBILITY CRITERIA

◘ Indian Citizenship

◘ AGE – Minimum age to be eligible for loan is 18 years and maximum age is 35 years

◘ Student must have obtained a minimum of 50% marks in 12^th class and graduation (if applying for post-graduation)

◘ INCOME – Co-applicant i.e. parent, guardian, sibling etc must have a stable and regular income

◘ Marks of entrance exams/tests through which admission is secured in India or Abroad

REQUIRED DOCUMENTS

◘ Identity & Age Proof of both Student & Co-Applicant – PAN Card/Passport/Voter ID Card/Driving License

◘ Current Address Proof – Passport/Voter ID Card/Driving License/Telephone Bill/Electricity Bill

◘ Passport size photograph of both Student & Co-Applicant

◘ Marksheet & Certificate – 10^th/12^th/Graduation

◘ Admission Letter offered by admitting institute

◘ Schedule of Course Expenses – breakup fees etc issued by admitting institute

◘ Income Proof – For Salaried: (i) Latest 3 months salary slips (ii) Latest ITR (iii) 6 month bank statement

◘ Income Proof – For Self-Employed: (i) Latest ITR & Computation of Income audited by CA (ii) 6 month bank statement

Additional Information

◘ Loan Tenure – Min. 1 to max. 15 years

◘ Interest rate – 8% to 16%

◘ Processing Fees – Min. 1% to max. 3% Depending on applicant loan profile and lender policies

◘ Loan Amount – Min. 50,000 to max. 75 Lakhs

◘ Loan Processing Time – Min. 4 days to max. 15 days Depending on loan amount required and lender policies

◘ Tax Benefit under section 80(E)

◘ Tuition fees, cost of books, hostel fees etc. to be covered under loan amount

◘ Pre-payment and pre-closure charges to be zero

◘ Loan available for institutes in India and abroad