Education Loan


PURPOSE

Loan for persuing higher Education

Quantum of loan

Maximum up to Rs. 15 Lakhs @ 11% p.a

Documents required

Loan application form. Address proof/ identity proof documents of the applicant. 2(two) copies for recent passport size photo for applicant. Salary undertaking by the employer of the applicant. Salary statement for last 3 months with showing all deduction. Details of Collateral security of the applicant if any, IT return / Form 16 for the last one year of applicant. Fresh account holders fulfilling the above criteria must submit minimum 12 months statement of previous bank account. Registration and Insurance copy of two wheeler or four wheeler under hypothecation of the Bank after sanction the loan. Any other documents as may be required by the Bank for both salaried and non-salaried persons.