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HomeSECURED EDUCATION LOAN

SECURED EDUCATION LOAN

This loan aims at providing financial support to deserving /meritorious students for pursuing higher education in India and abroad.

FEATURES & BENEFITS :-

  • Attractive Interests Rates.
  • The applicant should be regular member or nominal member of bank.
  • Applicant/parents should have banking relation with our bank.
  • The student should be an Indian Resident.
  • The student should have secured admission to professional/technical course in India or abroad through entrance test /merit based selection process.
  • Courses through Educational Institutes / Organizations of repute & recognition will be eligible for loan limit.

ELIGIBILITY :

  • Member of the FAST GROW 
  • The applicant should be regular member or nominal member of bank.
  • Applicant/parents should have banking relation with our bank.
  • The student should be an Indian Resident.
  • The student should have secured admission to professional/technical course in India or abroad through entrance test /merit based selection process.
  • Courses through Educational Institutes / Organizations of repute & recognition will be eligible for loan limit.

REPAYMENT DETAILS

  • By EMI or Regular.

PROCESSING CHARGES & SERVICE TAX

  • Processing Fees and Other Charges (Inclusive) PLUS Service Tax as applicable.

SUPPORTING DOCUMENTS FOR LOAN SANCTIONING

Photo Identity Proof:

  • Passport
  • PAN card
  • Voters Identity Card
  • Driving License
    Residence Proof:
  • Telephone Bill
  • Letter from any recognized Public Authority
  • Electricity Bill
  • Ration Card
  • Letter from employer subject to satisfaction on Bank
  • Properly Tax Book/Receipt
  • Registered Lease Deed
  • Application on Prescribed form
  • Two photographs of Borrower and Guarantors
  • Address proof of Borrower and Guarantors (copy of Ration Card, Election card, Telephone bill, Driving License etc.)
  • Income proof, Copy of Income Tax Return, Financial Statement of the Firm, Sales Tax returns etc.
  • Profile of Guarantors.
  • Loan should be guaranteed by three financially sound Guarantors having net individual worth twice the loan amount.
  • Any other marketable security.