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sbi Educational Loans

You have come to the right place. Moneyduniya provides you the opportunity to avail an education loan that covers all aspects of higher education including college fees and cost of books. The best part is that the repayment tenure will start one year after the completion of the course or six months after getting a job, whichever is earlier.

Education Loans at Moneyduniya provide the much needed support when you are short of funds for your child's studies. Student loans are provided by almost all the banks in India. Take an education loan if you have to, for education is an inevitable right of every child and should not be compromised whatever be the circumstances.

Now, you can opt for any Educational Loan of your choice by filling in an online application. The application is processed within a short span of time. However, the financial assistance is dependent on a few factors like the course opted for, reputation of the institution, family assets, past career / educational record of the student etc so as to ensure that the Educational loan is being utilized for the deserving candidate. Education Loan is definitely one kind of financial assistance that can shape up your child's future as you want.

Eligibility

  • Aplicant should be an Indian national
  • Applicant should have one parent earning a regular source of income
  • Age : 16-26 years
  • Studies in India : upto Rs. 10 Lacs
  • Studies abroad : upto Rs. 20 Lacs

Documentation

  • "PNB Sarvottam Shiksha Scheme" - The documents should be got executed by student (the applicant) and the parent /guardian (the Co-applicant).
  • PROOF OF IDENTITY (Applicant and Co-applicant)
    • Letter from present College/institution
    • Photo PAN Card
    • Driving Licence
    • Voter's Card
  • PROOF OF AGE(Applicant and Co-applicant)
    • Birth certificate
    • School leaving certificate
    • PAN Card
  • PROOF OF ADDRESS (Applicant and Co-applicant)
    • Ration Card
    • Utility bills
    • Rental agreement
    • Passport
    • Insurance payment receipt
    • Voter's Card
  • PROOF OF INCOME (Self Employed)
    • Salary Slips
    • Bank Statement
    • Form 16
    • Income Tax Returns
    • Certified Balance Sheet and Profit & Loss Account etc. with Details of Assets & Liabilities of parents or guardian
  • SECURITY/GURANTOR'S DOCUMENTS (for Loan more than 4Lacs)
    • articulars of Guarantors and details of their Assets & Liabilities, wherever applicable; If immovable property offered as Collateral Security - copy of Title Deed, Valuation Certificate and Non-encumbrance Certificate from approved Lawyer of the Bank
  • DOCUMENTS FOR MAIN APPLICANT ONLY
    • Proof of having secured pass marks in last qualifying examination Letter of admission in professional
    • Technical or vocational courses
    • Prospectus of the course wherein charges like Admission Fee, Examination Fee, Hostel Charges etc. are mentioned
    • Photocopy of Passport & Visa, in case of study abroad
    • Any other document/information, depending upon the case and purpose of the loan

sbi education loan

 
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