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#1
December 20th, 2017, 01:27 PM
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 Indian Bank Education Loan  |
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#2
December 20th, 2017, 02:03 PM
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| 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
__________________ Answered By StudyChaCha Member |
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