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.