Student Loans

Features:
Zero Processing Fees
Nil Margin up to Rs. 4 Lac, >Rs.4 Lac: 5% for studies in India
Nil Security for loan up to Rs. 7.5 Lac to be covered mandatory under CGFSEL
Expenses consideration for loan
Fees payable to the Institute / hostel
Purchase of Books I Equipment
Caution Deposit / Building fund
Refundable Deposit
Examination I Library I Laboratory Fees
Instruments I Uniforms
Purchase of Computers I Laptop if essential for completion of course
Quantum of loan :Max. upto 20 lac
Collateral /Security Upto 4 lac: No Security. Parents to be joint borrower(s).
Above 7.5 lac: Tangible collateral security of suitable value acceptable to bank along with Parents to be joint borrower(s)
Co-applicant Details Co-applicant should be Parent/Guardian/ Spouse (If married) with Age criteria (Salaried 21-60yrs; Self Employed (SE) 21- 65 yrs; Self Employed Professional SEP 25-65 yrs)
Moratorium period Moratorium tenor is course duration + 1year or 6 months after getting a job,whichever is earlier.
Re-payment Tenor Maximum up to 10 years for loans up to Rs. 7.50 Lacs, Up to 15 years for loans above Rs. 7.50 Lacs. Maximum up to 10 years for loans up to Rs. 7.50 Lacs, Up to 15 years for loans above Rs. 7.50 Lacs
Benefit to the customer Avail Tax Benefits under section 80 (E) of Income Tax Act 1961 onInterest Repayment of Education Loan
Rate of Interest Upto Rs.7.50 Lacs covred under CGFSEL :1.70% over RBLR Presently 8.55 % Above: Rs.7.50 Lacs :2.50% over RBLR presently 9.35 % 0.50% concession in ROI for Professional Courses and 0.50% concession in ROI upto R.50000/- and 1% over Rs.50000/-for women beneficiaries.
Documentation Application form duly signed by applicant and co-applicant(s)
Confirmed admission letter from the institute with details on fee structure and whether admission is under Merit /Management quota.
For Salaried - Salary slips (latest 3 months
For Self Employed - For SE / SEP ,* ITR copy (last 2 years}, of the co- applicant along with Balance Sheet, Profit and Loss statement, Computation of Income. Co-applicant's updated bank statements for the last 6 months
Security documents as applicable

Loan Approved as bank credit policies, ROI Offered is subject to revision

Features:
Zero Processing Fees
Nil Margin up to 4 Lac,>Rs. 4 Lac: 5% for Studies in India
Nil Security for Loan up to Rs. 7.5 Lac
Expenses consideration for loan Fees payable to the Institute / hostel
Purchase of Books I Equipment
Caution Deposit / Building fund
Refundable Deposit
Examination I Library I Laboratory Fees
Instruments I Uniforms
Purchase of computers I laptop if essential for completior. of course
Quantum of loan :Max. upto 20 lac
Collateral /Security Upto 4 lac: No Security. Parents to be joint borrower(s).
4 lac < 7.5 lac: Suitable third party guarantee besides parent(s) executing the documents as Jolnt borrower(s).
Above 7.5 lac: Tangible collateral security of suitable value acceptable to bank along with Parents to be joint borrower(s)
C-applicant Details Co-applicant should be Parent/Guardian/ Spouse (If married) with Age criteria (Salaried 21-60yrs; Self Employed (SE) 21- 65 yrs; Self Employed Professional SEP 25-65 yrs)
Moratorium period Moratorium tenor is course duration + 1year or 6 months after getting a job,whichever is earlier.
Re-payment Tenor Maximum up to 10 years for loans up to Rs. 7.50 Lacs, Up to 15 years for loans above Rs. 7.50 Lacs.
Rate of Interest 9.55%
Loan approved as Bank Credit policies, ROI offered is subject to revision
Documentation Application form duly signed by applicant and co-applicant(s)
Confirmed admission letter from the institute with details on fee structure and whether admission is under Merit /Management quota.
Mark sheets or SSC,HSC, Graduation, upto latest qunlrfication5, along with degree certificate up to latest qualifications
KYC documents of the applicant and co-applicant(s)
For Salaried - Salary slips (latest 3 months)
For Self Employed - For SE / SEP , * ITR copy (last 2 years}, of the co- applicant along with Balance Sheet, Profit and Loss statement, Computation of Income.
Co-applicant's updated bank statements for the last 6 months
Security documents as applicable
Zero Processing Fees
Repayment Tenure as long as 15 Years with a very low EMI
100% Tax benefit for interest paid under Sec-80E
MIT World Peace University
Eligibility Student should be an Indian National & have secured admission on merit basis through entrance test/selection process of the Institute.
Course Name MBA / BBA / B.Tech/ B.Design / B.Pharm / M.Pharm
Rate of Interest Unsecured loan - 12%
Secured loan - 11%
(floating interest rote lird‹ed to REPO rote}
Loan Amount Minimum Loan Amount - Rs 50,000/-
Maximum Loan Amount - 95% of the total cost
Margin 5% Margin on loan amount above 4L
Processing Fees NIL for unsecured loans: (5000+ GST) for secured loans above 10L
Pre-Payment Charge Nil
Pre-Closure Penalty Nil
Repayment Type Interest Servicing During Course; EMI thereafter
Moratorium Period Course Period + Maximum of optional 6 months
Repayment Tenure Maximum 15 Years
Loan Disbursement To the Institute (as mentioned on the admission letter)
Co-Applicant Applicable as per Axis bank norms
Insurance Max Life Insurance
Collateral required Collateral required for loan amounts above 7.5L
Axis Bank Contact Mr. Anlsh Kumar: +91-8888812674
Mr. Neeraj Panwar: +91-9730374428

You can also give a missed call on 1800-258-7171 to avail education loan and our representative will get in touch

(Exclusively for MIT-WPU: B.Tech)
Salient Features:
NIL processing fee.
No collateral security required for loan up to Rs 7.5 lakhs.
Above Rs 7.5 lakhs - Tangible collateral security of suitable value acceptable to bank.
Rate of interest - 8.95% (EBLR+0.90%).
(*0.50% concession in ROI for women candidates).
Tax benefits under section 80(E) of income tax act 1961 on interest repayment.
Repayment tenor maximum up to Course Period + 15 years.
FOR MORE DETAILS CONTACT SBI PAUD ROAD BRANCH (09061) S.NO. 121/122, RAMBAUG COLONY, OPP ANANDNAGAR, Pune-411038
PHONE NO 020-25462476
MOBILE NO 7020866286 , 8830453286
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