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:
- Loan application
- Monthly income letter
- Lalpurja, Trace map of land
- Tax payment receipt of land
- House map
- Citizenship of borrower
- Family details of borrower
- 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:
- Loan application
- Monthly income document
- Education certificates
- Citizenship of borrower
- Citizenship of land/ house owner
- Family details
- Other documents based on requirement
For more details contact your nearest branch. We are ready to serve your banking needs. " The bank for everyone"
