0UR PARTNERS
0UR PARTNERS
DOCUMENTS REQUIRED FOR EDUCATION LOAN
(Note: Additional documents will be collected depends upon Co-Applicant)
UNSECURED LOANS
Documents required for unsecured loans
For Students :
1.Pan Card / Aadhar Card
2.Proof of Address(Present and Permanent Address)
3.Academic documents such as mark sheet, certificates of 12th and 10thexam, certificate of Subsequent Years of Education
4.Proof of Admission
5.Passport
6.Entrance Exam Score(GRE,GMAT,TOEFL,ITELS etc.,)
For Co-applicant’s :
1.Pan Card / Aadhar Card
2.ID Proof
3.Proof of Address(Present and Permanent Address)
If salaried :
1.3 months latest salary slips or Salary Certificate
2.Latest 8 Month salary credited account statements
3.1-year latest Form 16 or ITR
If self-employed :
1.Business proof (GST certificate, or Business registration copy)
2.2 years latest ITR with full set(Saral Copy, Computation of total income, Profit and Loss Amount and Balance Sheet)
3.8 months saving account statement & current account (if the person has one)
4.Contact details
5.Ownership proof (address verification)
6.Other documents based on business type.
7.Relationship Proof
For Parents :
1.Identity Proof (Pan card, or Aadhar card)
2.Contact details
SECURED LOANS
Documents required for secured loans
Property documents : Acceptable forms are –
1.Residential property
2.Commercial property
3.Fixed Deposit
4.Life Insurance policy
5.Stocks
6.Mutual fund
Photocopies as well as originals of
Apply Now
- Sale Deed (Registered)
- Mutation in the name of the present property owner
- House Tax Receipt (Latest) in the name of the present property owner
- Electricity Bill (Latest)
- Sanctioned Map of the property
- Deed of Declaration / Apartment (in case of Flat)
- Power of Attorney (if any in case of Flat)
- Building Permission Letter (in case of Flat)
- Lease Renewal Deed and NOC (No objection certificate)
- Society Registration Certificate and Occupancy Certificate (OC) (If applicable)
- Non-Agriculture (NA) Certificate & RL Order
- Demarking (Boundary wall / Fencing) (in case of open plot)
- Photocopy of the WILL in case of grandparents’ property
Apply Now
IDFC
INTEREST RATE:STARTS FROM 10.5 - 13.5%
PROCESSING FEE:1%
MARGIN AMOUNT:NA
PROCESSING TIME:7 - 10 WORKING DAYS
MAX LOAN OFFERED: 1 CRORE WITH COLLATERAL
ELIGIBITY:
- An Indian National (Including NRI)
- 17 years old or above at the time of loan commencement
- Admitted in the desired institution after completion of the per-requisite qualifications
CREDILA
INTEREST RATE: 10.75-13%
PROCESSING FEE: 1-1.25%
MARGIN AMOUNT: NO MARGIN
PROCESSING TIME: 10-15 WORKING DAYS
MAX LOAN OFFERED: FULL COST OF EDUCATION(NO LIMIT)
ELIGIBITY:
- Borrowers and co-applicants should be Indian citizens.
- Co-borrowers are required to have a bank account in India.
- Co-applicants(s) must be an Indian citizen.
- Disbursement of loan will require confirmed admission.
- Co-applicant needs to show proof of earning based in India.
- A co-applicant can be any of the following relatives - Father / Mother / Brother / Sister (married) /Spouse/ Father-in-law/ Mother-in-law/ Sister-in-law/ Brother-in-law/ Maternal or Paternal Uncle or Aunt/ Grandparents & First Cousins
YES BANK:
INTEREST RATE:12-14%
PROCESSING FEE: 1%
MARGIN AMOUNT: 10%
PROCESSING TIME:10-15 WORKING DAYS
MAX LOAN OFFERED: UPTO 45 LAKHS WITHOUT COLLATERAL
ELIGIBITY:
- Must have secured admission
- Have a co-applicant (Mother or Father)
- List of Expenses during the course including book purchases
- Passport & Visa for overseas studies
- Admission letter from the college or University
ICICI
INTEREST RATE:STARTS FROM 10.5%
PROCESSING FEE:1%+GST
MARGIN AMOUNT:UPTO 20 LAKHS(NIL) MORE THAN 20 LAKHS (10%)
PROCESSING TIME: 7 DAYS
MAX LOAN OFFERED: Rs 40 LAKHS (WITHOUT COLLATERAL) UPTO Rs 1 CRORE (WITH COLLATERAL)
ELIGIBITY:
APPLICANT:
- The student should be an Indian national who has been admitted to professional/technical studies at reputable universities.
- Permanent employees who have been with an organization for at least three years and wish to pursue further studies and have been accepted into a reputable institute.
- The co-borrower must be a citizen of India
- He/She must be earning in India
- It is important that he/she has an Indian bank account that facilitates cheque writing
- They could be a parent, legal guardian, a relative, or even your sibling
- Co Applicant will be considered as the primary debtor
AVANSE
INTEREST RATE: 12.5-14%(NEGOTIABLE)
PROCESSING FEE:1.5%
MARGIN AMOUNT:BASED ON COUNTRY/COLLEGE RANKING
PROCESSING TIME:7- 10 WORKING DAYS
MAX LOAN OFFERED: UPTO 1 CR
Applicant :
- Student Must be Citizen of India.
- Student must be at least 18 years old.
- Student must have official confirmation to reputed University.
- A co-applicant who earns in India must co-sign the Student Loan
- Co-Applicant must be Indian Citizen.
- Minimum 25k Salary.
- The co-borrower may be any parent, sibling, child's guardian, or family member. The first options are parents and siblings
- The major debtor would be the co-borrower
AUXILO
INTEREST RATE: 12-13.15%(NEGOTIABLE)
PROCESSING FEE: 1-1.5%
MARGIN AMOUNT:NA
PROCESSING TIME:10-15 DAYS
MAX LOAN OFFERED: FULL COST OF EDUCATION
ELIGIBITY:
Applicant :
- Student Must be Citizen of India.
- Student must be at least 18 years old.
- Student must have official confirmation to reputed University.
- A co-applicant who earns in India must co-sign the Student Loan
- Co-Applicant must be Indian Citizen.
- Minimum 25k Salary.
- The co-borrower may be any parent, sibling, child's guardian, or family member. The first options are parents and siblings
- The major debtor would be the co-borrower
INCRED
INTEREST RATE: 12%-13.5%
PROCESSING FEE: 1%
MARGIN AMOUNT: NO MARGIN AMOUNT
PROCESSING TIME: 7-10 WORKING DAYS
MAX LOAN OFFERED: UPTO 1 CRORE
ELIGIBITY:
- Borrowers and co-applicants should be Indian citizens.
- Co-borrowers are required to have a bank account in India.
- Co-applicants(s) must be an Indian citizen.
- Disbursement of loan will require confirmed admission.
- Co-applicant needs to show proof of earning based in India.
- A co-applicant can be any of the following relatives - Father / Mother / Brother / Sister (married) /Spouse/ Father-in-law/ Mother-in-law/ Sister-in-law/ Brother-in-law/ Maternal or Paternal Uncle or Aunt/ Grandparents & First Cousins
BANK OF BARODA
INTEREST RATE: 7.5%-10.5%
PROCESSING FEE:1% OF LOAN AMOUNT+GST OR 10000+GST WHICHEVER HIGHER
MARGIN AMOUNT:PREMIUM COLLEGES:NIL NON PREMIUM COLLEGES :5%
PROCESSING TIME:15-20 WORKING DAYS
MAX LOAN OFFERED: UPTO 1.5CRORES WITH COLLATERAL(BASED ON COLLEGES AND UNIVERSITIES)
ELIGIBITY:
- Graduate/post graduate/doctorate/job oriented professional /technical courses offered by reputed universities overseas. Regular degree /diploma courses like aeronautical,pilot training,shipping etc.,
- Student should have secured admission through entrance test/merit based selection process in full time regular professional/technical course abroad.
- Loan to be granted jointly in the name of the student and the parent/guardian as joint borrower.
PRODIGY FINANCE
Interest rate - 11.5 -13%
Processing fee - 5%
Margin amount - Nil
Processing time - 30 working days
Max loan offered - Minimum $15000 to Maximum 100% of Total cost
ELIGIBITY:
The Education Loan will be provided to those students who have
- Secured at least 75% marks during HSC & Graduation with Good University .
TATA CAPITAL
INTEREST RATE: 12%-13.5%
PROCESSING FEE: 1%
MARGIN AMOUNT: NO MARGIN AMOUNT
PROCESSING TIME: 7-10 WORKING DAYS
MAX LOAN OFFERED: UPTO 1 CRORE
ELIGIBITY:
- Borrowers and co-applicants should be Indian citizens.
- Co-borrowers are required to have a bank account in India.
- Co-applicants(s) must be an Indian citizen.
- Disbursement of loan will require confirmed admission.
- Co-applicant needs to show proof of earning based in India.
- A co-applicant can be any of the following relatives - Father / Mother / Brother / Sister (married) /Spouse/ Father-in-law/ Mother-in-law/ Sister-in-law/ Brother-in-law/ Maternal or Paternal Uncle or Aunt/ Grandparents & First Cousins
