Avail our Education Loan Serves to pay your child’s Private School Fee/International School Fee/College Fee/Tuition Fee/Coaching Classes Fee.
- Loan Limit : Maximum upto Rs.1 Lakh
- Loan Tenure Duration : For 36 months & for 60 months
- EMI : Rs.3,350/- For Loan Duration of 36 months, Rs.2,250/- For Loan Duration of 60 months
- Pre-Payment Facility : Can pay additional amount apart from EMI
- Rate of Interest : 12% (Rebate of 1%)
- Process Fee : 1% + 18% GST
- Penalty Charges : 3% (if closed before 1 year)
- Having an experience of at least one year of business.
- I.T. Returns for last three years.
- Six months Bank statement of Business Account.
- Spouse/Parents/Blood Relatives of the applicant can be taken can be taken as co-applicant.
- Two Financial strong Guarantors Required
Duly filled form with :
- Income proof of Applicant and Guarantors
- Residential Proof of Applicant and Guarantors
- PAN card of Applicant and Guarantors
- KYC of Applicant and Guarantors
- Salary Undertaking from the Company
- 10 PDC cheques
Other Charges :
- One upfront EMI, Franking Charges, Personal Insurance of Borrower
- Borrower and Co-Borrower : Regular Membership Fees @ 5% of loan amount (for Loan amount above 5 Lakhs). And 2.5% of loan amount (for Loan amount below one Lakh)
- Guarantors : Nominal Membership.