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Education Loan<\/p>
PURPOSE<\/p><\/td>
Pursue higher education in India or Abroad.<\/p><\/li><\/ol>
Courses covered: Graduation or Post Graduation\/Degree Course as under: (1) Commerce, Science, Engineering and Management. (2)Medicines-Allopathic, Homeopathy, Ayurveda. (3)Other Professional Courses: CS, CA, ICWA. (4) Any other professional courses not covered above, but recognized by University shall be covered. (4) Equipment\u2019s required for completion of courses shall also be covered. Diploma courses recognized by Universities<\/p>
\u00a0<\/p><\/td><\/tr>
ELIGIBILITY<\/p><\/td>
Admission letter from a recognized University.<\/p><\/td><\/tr>
MAX.LOAN AMT.<\/p><\/td>
Rs.10.00 Lacs for studies in India<\/p><\/td><\/tr>
Rs.20.00 lacs for studies abroad<\/p><\/td><\/tr>
RATE OF INTEREST<\/p><\/td>
9.75%<\/p><\/td><\/tr>
TENURE<\/p><\/td>
6 months after completion of course or the date of gaining employment, whichever is earlier<\/p><\/td><\/tr>
MODE OF REPAYMENT<\/p><\/td>
PDCS\/ECS\/THRU ACCOUNTS<\/p><\/td><\/tr>
COST ELIGIBILITY<\/p><\/td>
Tuition Fees\/Lodging & Boarding\/travelling (one time to & fro)\/Books\/equipment\u2019s & tools required for the course\/insurance fees\/library fees<\/p><\/td><\/tr>
MARGIN<\/p><\/td>
10%-India & 15%-abroad<\/p><\/td><\/tr>
AMT.ELIGIBILITY<\/p><\/td>
As per the admission letter from the University<\/p><\/td><\/tr>
INCOME ELIGIBILITY<\/p><\/td>
Satisfactory level of income of the parents & the guarantors<\/p><\/td><\/tr>
Income Tax Returns for the last three years of the co-borrowers & the guarantors<\/p><\/td><\/tr>
DURATION OF SERVICE\/ BUSINESS<\/p><\/td>
N.A.<\/p><\/td><\/tr>
PRIMARY SECURITY<\/p><\/td>
Upto Rs.3.00 lacs-No security<\/p>
\u00a0<\/p><\/td><\/tr>
GUARANTORS<\/p><\/td>
1) Father\/mother to execute the loan documents as co-obligant (2) Two guarantors of good means acceptable to the bank<\/p><\/td><\/tr>
REQUIREMENTS<\/p><\/td>
1.Loan application form<\/p><\/td><\/tr>
2.Borrowers and two guarantors-3 years I.T. returns for business<\/p><\/td><\/tr>
3. Account to be opened fulfilling the KYC norms\/ KYC norms for guarantors to be complied with.<\/p><\/td><\/tr>
4.Guarantors- Bank statement for last 6 months of the existing bankers<\/p><\/td><\/tr>
5.Letter from the University confirming admission<\/p><\/td><\/tr>
OTHER CONDITIONS<\/p><\/td>
Borrowers\/Guarantors should have satisfactory track record and should not be an NPA with any other banks\/FI.<\/p><\/td><\/tr><\/tbody><\/table><\/td><\/tr><\/tbody><\/table>
Terms & Conditions applied.<\/p><\/li><\/ul><\/td><\/tr>
** Terms & Condition applied.<\/p><\/td><\/tr><\/tbody><\/table>
\u00a0<\/p><\/div><\/div><\/div><\/div><\/div><\/section>
\u00a0<\/p><\/div><\/div><\/section>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t<\/body>","protected":false},"excerpt":{"rendered":"
Education Loan PURPOSE Pursue higher education in India or Abroad. Courses covered: Graduation or Post Graduation\/Degree Course as under: (1) Commerce, Science, Engineering and Management. (2)Medicines-Allopathic, Homeopathy, Ayurveda. (3)Other Professional Courses: CS, CA, ICWA. (4) Any other professional courses not covered above, but recognized by University shall be covered. (4) Equipment\u2019s required for completion of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"footnotes":""},"class_list":["post-156","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/pages\/156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/comments?post=156"}],"version-history":[{"count":4,"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/pages\/156\/revisions"}],"predecessor-version":[{"id":297,"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/pages\/156\/revisions\/297"}],"wp:attachment":[{"href":"https:\/\/gatewayinfotech.in\/jainbank\/wp-json\/wp\/v2\/media?parent=156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}