Education Loan
Purpose Financing on educational expenses including tuition fee, study material & accommodation.
Financing Ratio: Maximum 70% of the total expenses certified by the concerned educational institution.
Nature Non-revolving & non-renewable.
Disbursement 70% of the expenses amount partially as per the need.
Principal Repayment On equated monthly installment basis (EMI) after completion of the academic degree as per calendar given by the educational institution.
Interest Repayment: On quarterly basis and/or on installment payment date.
Security: At least 150% coverage by the mortgaged collateral security.
Tenure: Maximum 10 years from the last disbursement date.

 

Required Documents:

  1. Loan application
  2. Monthly income letter
  3. Lalpurja, Trace map of land
  4. Tax payment receipt of land
  5. House map
  6. Citizenship of borrower
  7. Family details of borrower
  8. Other documents based on requirement.

For more details, please contact your nearest branch. We are ready to serve your banking needs. " The Bank for everyone"

 

Required documents:

  1. Loan application
  2. Monthly income document
  3. Education certificates
  4. Citizenship of borrower
  5. Citizenship of land/ house owner
  6. Family details
  7. Other documents based on requirement

For more details contact your nearest branch. We are ready to serve your banking needs. " The bank for everyone"