EDUCATION LOAN

Purpose:

The Education loan products can be categorized broadly into the following types

- 1) Education in India

2) Education in Abroad.

Loan Amount:

75% of the value assessed by Banks panelled gold valuer.

Eligibility -– Eligibility Criteria: Parents / Guardians (Student / Candidate (if major) – should be the applicant along with the parents) who can qualify for loan are: Salaried, SEP / SENP (Self Employed Professional / Self Employed Non-Professional) & Business Persons.

Eligibility- Age is 18 to 65 years.

Period: A.120 Months.

Security:

Gold Ornaments.

Guarantor:

No guarantor is required.

Documents:

Filled up loan application form

2 Passport Size Photo

Identity Proof - Passport/ Driving License/ Voter ID/ PAN

Residential Address Proof - Leave and License/ Registered Rent Agreement/

Utility Bill (up to 3 months old), Passport

Compliance of KYC norms

A letter from the Head of Institute admitting the student for the course with schedule of fees / I 20 forms – for studies abroad

In case of studies abroad – Attested copy of valid passport and visa

Copies of mark sheets / passing certificate of qualification / course last

passed 6 Financial Documentation Form 16 - Min 2 - 3 Years

IT return - Min 2 - 3 Years

P&L, Balance Sheet along with schedules of applicant / co applicant for 2-3 years

Salary Slip - Min latest 3 month (of parent)

Bank Statement - 6 month to 1 Year

Job Continuity Proof (of parent / guardian)

Parents / guardians having regular

Source of income to justify servicing monthly interest & instalments.