Some Quick Facts
Purpos
We provides education loan for pursuing graduate, post graduate, diploma or degree courses conducted by recognized institutes.
Rate of Interest & Loan Amount
The maximum loan amount for courses in India is Rs. 10 lacs and abroad to Rs. 20 lacs..
Eligibility
While availing the education loan you have to provide a guarantee with sufficient income to justify the loan and collateral security (such as property / shares / Units / jewelry / Life Insurance polices with high surrender value, etc.) The guarantor can be an applicant's parents or guardians.
EMI & Repayment
Most lenders will require borrower to repay the loan within a period of 12 to 60 months maximum. The borrower can repay the loan by paying regular monthly installments also known as Emi or Equated Monthly installments.
Fees and Charges
We charges 0.51% of loan amount as processing fee however the minimum fee is Rs. Rs 1020/- and the Maximum is capped at Rs 10200/-. we does not charge any penalty for foreclosure of car loan for new vehicles.
Documents
Documentary proofs required may vary from customer to customer and the financial institute may ask for more documents, if required.
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