Associate Bank List
| Interest Rate (Monthly reducing balance) | - |
| Processing Fees | - |
| Loan Tenure | - |
| Partial pre-payment Charges | Nil |
| Pre-closure Charges | Nil |
| Loan Amount | Rate | Loan Duration | Month/Year |
|---|---|---|---|
 |
Monthly Payment: | 21247.06 |
|
Total Interest: | 274823.75 |
|
Total Payments: | 1274823.80 |
| Duration | Principal | Interest | Balance |
| 1month | sdgdfgfdgg | fgfgfddg | fgfdgfdgfddg |
| Duration | Principal | Interest | Balance |
| amitkiri | sdg | k | kiri |
Money borrowed to finance education or school related expenses. Payments are often deferred while in school and for a six-month grace period after graduation. Sallie Mae is the largest source of education loans and handles the two major types, the Stafford loan and the Perkins loan. One of the major benefits of these types of loans is that they come with low interest rates and do not require collateral or a credit check.
Get Instant Quotes on education loan interest rate, eligibility, payment options, waiver, subsidy of all Banks. Instant Apply for Education loans in India Online.
Latest Updates on Education Loan – None of the Bank Will Reject your Education loan application – So you Apply/fill application for Education loan from any bank.
Grants for special education should be sought out earnestly by those were qualified for them. When it comes to grants, special-education students do qualify for both regular grants and special education grants. Students will want to apply for both types of grants to ensure that they get the funding they need.
Eligibility
Co-Borrower Requirements
In case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins
Following are the supporting documents needed to apply for education loan:
3. Photo ID – Applicant and Co-Applicant (Any one of the following)
1.PAN Card
2.Passport
3.Driving License
4.Voters ID
5.Employee ID
6.Photo ID issued by the Central Govt. or State Govt.
7.Bankers Verification/ Bank Passbook with photograph of account holder attested by bank
4. Residence Proof – Applicant and Co-Applicant (Any one of the following)
1.Passport With Address
2.Bank Statement With Address
3.Driver’s License with Address
4.Utility Bill (Not older than 3 months)
5.Telephone Bill (Not older than 3 months)
6.Ration card
7.Latest LIC Premium Receipt (Not older than 3 months
8.Leave and License Agreement supported with an address proof / utility bill in the name of the landlord
Voter’s ID card
5. Academic Documents of Student
1.Certificate of 12th Exam.
2.Certificate of Subsequent Years of Education e.g. BE, BCom, BSc, etc.
3.Marksheet of Any Entrance Exam Taken e.g. CAT, CET, etc.
4.GRE/GMAT/TOFEL/LETS, etc Marksheets For US Applicant.
5.Scholarship Documents (if applicable)
6. Proof Of Admission (If available)
Printed Admission Letter From the Institute on its Letterhead With Institute’s Address
1-20 Form for the USA Applicant
7. Last 8 Months Bank Statements of Co-Applicant (If more than one bank account, provide copies of all)
Include the bank statements of the Bank Account where Salary or Business/ Professional receipts are credited every month.
8. Income Proof of Co-Applicant
1.In case of Salaried Employee (All the following)
2.Latest 3 Salary Slips or Salary Certificate on Employer’s Letterhead
3.Last 2 year’s Form 16 from Employer or Last 2 Year’s Income Tax Returns
4.Any Other Income Proof That is Not Reflected in the Above Documents.
In case of Self Employed or Professional (All the following)
1.Last 2 Year’s Income Tax Returns
2.Last 2 Year’s Certified Financial Statements or Provisional Financial Statements Duly Certified by CA
3.Proof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)
9. If, Collateral – Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List)
1.Registered Sale Agreement Along With Society Share Certificate
2.Original Registration receipt for the above agreement
3.Allotment Letter By Municipal Corporation / Authorized Govt. Authority Like MHADA, CIDCO, etc.
4.Commencement Certificate from Municipal Corporation/Council
Previous Chain of Sale Deed establishing title
Any other document as prescribed by our empaneled lawyers or chartered engineers from time to time.
10. All the copies of the above provided documents should be self-attested
Note: Other than original completed application form, Please DO NOT provide any original supporting documents to us at the time of applying for loan.
