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Old December 20th, 2017, 02:03 PM
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Join Date: May 2011
Default Re: Indian Bank Education Loan

As you want here I am giving below Indian Bank Education Loan application form on your demand :


Indian Bank Education Loan application form






Educational Loan Scheme For studies in India and Abroad
Indian Bank offers education loans at a floating interest rate of 12.50% per annum with a concession of 0.50% on the interest rate under the IBA scheme for female students.

Eligibility
The applicant should be an Indian National.

Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/ Merit Based Selection process after completion of HSC (10 plus 2 or equivalent).
Margin

Upto Rs.4.00 lakhs - Nil.

Above Rs.4.00 lakhs:
For Studies in India - 5%.
For Studies Abroad - 15%.

Repayment
Up to 15 years

Documentation Required:

Documents


Education in India


Education Abroad

Residence Proof


Ration Card/ Voter’s ID/ Passport/Electricity bill/ Telephone bill


Ration Card/ Voter’s ID/ Passport/Electricity bill/ Telephone bill

Academic record


Xth / XIIth mark lists for UG students.

Degree mark list/provisional certificate for PG students


Xth /XIIth mark lists for UG students.

Degree mark list/provisional certificate for PG students

Age Proof


SSLC/TC/Any mark list


SSLC/TC/Any mark list/Passport

Community


Community Certificate


Community Certificate

Family Income Proof


Salary certificate/Pension certificate/Auditor's certificate for businessmen/IT Returns


Salary certificate/Pension certificate/Auditor's certificate for businessmen/IT Returns

Admission details


Admission letter

Bonifide student certificate from the College/University


Certificate or I 20 from the College/University

Fee details


Letter or Certificate from the College/University


Certificate or I 20 from the College/University

Passport and VISA


Not required


Copies of both are required

Guarantee/Co-obligation details


Parent's or a Guardian's Co-obligation is required


Parent's or a Guardian's Co-obligation is required

Collateral requirement


LIC policy /Share certificates / Units of UTI / Valuation certificate and legal opinion from the bank in case of land or buildings


LIC policy /Share certificates / Units of UTI / Valuation certificate and legal opinion from the bank in case of land or buildings

Margin Requirement (Above Rs.4.00 lakhs)


5%

Documentary evidence for source of funds to meet the margin amount


15%

Documentary evidence for source of funds to meet the margin amount

Declaration or affidavit declaring that no Educational Loan is availed from any other bank by the applicant and his parent


Required


Required

Other documents


A & L of the student/parent/guardian/guarantor

Details of securities and collateral


A & L of the student/parent/guardian/guarantor

Details of securities and collateral
Attached Files Available for Download
File Type: pdf Indian Bank Education Loan application form.pdf (128.7 KB, 9 views)
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