EDUCATIONAL LOAN

Criteria Policy
Purpose  Meritorious students for taking up higher education in India and abroad
Loan limit 15 LAKHS
Eligibility Shall should have passed the classes in single attempt only
Student should have obtained minimum 60 % in 9th(ninth), 10th (tenth) and  Intermediate ( Inter 1st and 2nd)
The UG Courses eligible such as B.Tech/MBBS/ Polytechnic /Diploma /Hotel Management etc only professional courses
Repayment Period Loan amount (Principle+ Interest) shall be recovered in (60) monthly equated instalments from one year after completion of course or join in employment whichever is earlier
Security  collateral security
Documents required  Proof of study admission card/Letter issued by the Institute/University.
 Bank account statement for the last 6 months
 Xerox copy of salary slip and statement of income of parent
KYC DOCUMENTATION
 Title Deed Book, Pass Book, Registered Documents, 20 years old pahani of the Immovable property including current year pahani issued by the Concerned Thasildar and Encumbrance certificate for  the last 20 Years issued by the concerned Sub-Registrar of assurances

** For any further queries please contact to nearest branch