Features
Interest Rate: Base Rate + up to 5% premium per annum
Facilities
Education Loan
Features:
Interest Rate: Base Rate + upto 2.50% premium per annum
Facilities:
The loan product has been developed to provide loans to students aspiring to pursue higher education at institutions within the country or abroad, covering all types of expenses related to higher education.
(Required Documents)
- Passport size photographs of Applicant
- Applicant’s Citizenship certificate
- Certified income source
- National Identity Number (NID)
- Photographs and Citizenship certificate of Guarantors
- Academic certificate(s) up to one level below the level of study intended to be pursued.
- 'No Objection Letter' from the Ministry of Education and the 'Acceptance Letter' from the concerned educational institution (for foreign education).
- Certified copy of passport (for foreign education)..
- Copy of visa or visa extension certificate (for those pursuing education abroad) after loan approval.
- Other supporting documents on demand.
Fee Charges
- Administrative Charge – 1 %
- CIC Charge – Rs. 282.50 per inquiry (For No Transaction Report)
- Rs. 621.50 per inquiry (For Transaction Report)
Requirements
- Citizenship of applicant.
- PP size Photographs of applicant.
- Certified income source.
- Mortgage of the property.
- Personal guarantee of either both parent or guardian
- Citizenship & PP size photograph of personal guarantor.
- Academic certificates .etc.
- Document evidencing confirmation of admission from the relevant college.
- Documents evidencing cost to be incurred for completion of course
- Copy of VISA (where applicable).
Fee Charges
- Administrative Charge – 1 %
- CIC Charge – Rs. 250 per inquiry(For No Transaction Report)
- Rs. 550 per inquiry (For Transaction Report)
