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  • Dear Customer,Per new Income Tax Law nominal/members are subject to TDS deduction on Bank Deposits.To avoid TDS deduction submit form 15G/H yearly,if applicable.

Education Loan

  • An education loan is money borrowed to finance education or school related expenses. Payments are often deferred while in school and for a six-month grace period after graduation.
  • Education loans are loans issued for the purpose of attending an academic university and pursuing an academic degree. Education loans can be obtained from the government or through private sector lending sources. Federal loans often offer lower interest rates.

  • Qualification Certificate
  • Leaving Certificate
  • College Certificate
  • Fee payable to college.
  • Expense statement.
  • Copy of last three years Income Tax returns/ Pay slip of last 3 Months.
  • 3 Photographs of Applicant
  • Passport & Visa [if admission in foreign University]
  • Address proof  -  Electric bill / Telephone bill / Aadhar card (any one) As per KYC norms.
  • Photo proof -  Pan card / Voter card / Driving license (Any one) As per KYC norms
  • Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.
  • Applicant should have Savings/ current Bank account with the bank.

  • Photograph-3 copies
  • Last tax bill.
  • Last 3 year income tax return copy.
  • Address proof - electric bill /telephone bill (any one) As per KYC norms.
  • Photo proof - Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norms.

  • Approved courses leading to graduate/post graduate degree and PG diplomas conducted by recognized colleges / universities recognized by UGC / Govt. / AICTE / AIBMS / ICMR etc.
  • Courses like ICWA, CA, CFA etc.
  • Courses conducted by IIMs, IITs, IISc, XLRI. NIFT,NID etc.
  • The above list is indicative in nature. Bank may approve other job oriented courses leading to technical / professional degrees, post graduate degrees / diplomas offered by recognized institutions under this scheme.
  • Moratorium Period Equilant to Duration of Cource is allowed.
  • Required 100% Collateral Tangible Security
  • Applicant has to take share of bank @ 1%/ 2%/ 2.5% of the limit.