Educational Loans

[sherlyk]

considered for loan

* Fee payable to college/school/ hostel.
* Examination/Library/Laboratory fee.
* Purchase of books/ equipment’s/instruments/uniforms.
* Caution deposit/building fund/refundable deposit supported by Institution bills/ receipt.
* Travel expenses/ passage money for studies abroad.
* Purchase of computers-essential for completion of the course.
* Any other expenses required to complete the course- like study tours, project work, thesis etc.

Courses for which the loans are offered

* Studies in India
o School education including plus 2 stage.
o Graduation courses: BA, B.Com., B.Sc., etc.
o Post Graduation courses: Masters & Ph.D.
o Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
o Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university.
o Courses like ICWA, CA, CFA, etc.
o Courses like IIM, IIT, IISc, XLRI, NIFT, etc.
o Courses offered in India by reputed foreign universities.
o Evening courses of approved institutes.
o Other courses leading to diploma/degree etc. conducted by colleges/universities approved by UGC/Govt./AICTE/AIBMS/ICMR etc.
o Courses offered by National Institutes and other reputed private institutions.

* Studies abroad
o Graduation: For job oriented professional/technical courses offered by reputed universities.
o Post Graduation: MCA, MBA, MS etc.
o Courses conducted by CIMA-London, CPA in USA etc.

Eligibility

* Should be an Indian National
* Secured admission to professional/technical courses through Entrance Test/ Selection process.
* Secured admission to foreign university/Institutions.

Illustrative List of Papers/Documents Required for Education Loan

* Admission letter giving details of year wise fee, boarding and lodging expenses. Letter confirming scholarship, if any.
* Attested copies of documents for proof of age/date of birth and proof of residential address.
* Passport size photo of the applicant and guarantors.
* Copy of marksheets/degree certificates of previous academic qualifications.
* Income proof/latest income tax return of parents/ guarantors.
* Details of collateral security
* Details/statements of Bank accounts for the last six months.
* Copy of Passport/Visa, cost of air fare (documentary detail) in case of studies abroad.




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[sweetyg]

Thank you very much