Education Loan

Education is the most important investment one makes in life. However, in the past few years, it is becoming increasingly unaffordable for a middle class student to study in premier institutes of the country or pursue higher studies abroad. If in your case, the hurdle is money, education loan is the answer. The icing on the cake is that the education loans will not only cover the cost of the tuition fee, but almost all the expenses associated with the course. However, you will require a guarantor or a co-borrower who will have to pay the loan in case you fail to pay your debts. There are various things you need to know if you plan to take an education loan.

Documents Required for Applicant

• 1 Photo Passport Size
• Adhar Card
• Pan Card
• 2 Stamp Paper of Rs.50/- in favor of the Applicant.
• 8 Stamp Paper of Guarantor Rs.50/- in favor of the Guarantor.
• Bank Statement of last 6 months
• 10TH 12TH marksheet, Highest Education certification, Professional Degree etc
• Login & Agreement Charge (according to loan amount)
• Rate of Interest (R.O.I) 7.5% to 18%
• EMI ( According to Tenure & Amount of Loan
• Education Loan Upto 50 Lacs
• Apply Now

Documents Required for Guarantor

• 1 Photo Passport Size
• Adhar Card
• Pan Car;Pd
• Bank Statement of last 6 months
• Last Two Month of Salary slip ( in case salaried Person)
• Property Papers (in case of Property Guarantor

In Case of Government Guarantor and Private Limited

• 2 months Pay Slip / Bank Passbook photocopy
• H.O.D & Salary In charge Signatures Along with his/her Stamp on Official Undertaking Bond Page No. X2. is a Compulsory.

8 Stamp Paper of Rs.50/- in favor of Guarantor. With Name, Address,Father Name & City with PIN Code (These must have a Signature & Thumb Impression and Public Notary)

• One Photograph of each family member (Above 18 Years) (only in case of Private Limited Guarantor) (Above mentioned Terms & Conditions may change from time to time as per firm/company policy without any prior information)

In Case of Property Guarantor

• 8 Stamp Paper of Rs.50/- in favor of Guarantor with Name, Address Father’s name & City with Pin Code.
• Bond Paper (stamp duty) Registry verify by Sub Registrar and Tehsildar.
• Undertaking Bond Papers (All Stamp Papers) verified by the Tehsildar.
• Search Report Compulsory according to the due times for receiving the Stamp Papers.
• Stamp on Agreement Bond Page No-X6 is compulsory.