| Who can Borrow | Individual |
|---|---|
| Purpose | Education |
| Max.Finance available | *Up to Rs.75.00 Thousand for Member (Rs.30.00 Thousand 1st Time, then Rs.75.00 Thousand if subsequent Payment is good) |
| Security | One person Surety (must be our Bank Member) |
| Repayment duration | 60 Months |
| Processing Charges | As Applicable |
| Documentation Charges | As applicable |
| Share Linking | 5% On Loan Amount + Share Fees Rs.10/- per Share |
| Prerequisites | 1) A letter from the Head of the Institute admitting the student for the course with schedule of fees. 2. Individuals employed/engaged in business/having professional income and sound financial of the applicant and Surety. 3. Confirmed employee in case of salaried person 4. COMPLIANCE OF KYC NORMS. (Both Parties) 5. Statement of Salary Credited Bank account for the last Six months. 6. Salary certificate or salary slip for consecutive three months. |
| Required Document | 1) Latest three months pay slip or salary certificate 2) Address Proof, ID proof 3) Bank membership 4) Passport Size Photo 5) 6 months Bank statement 6) Fee Structure from School / college 7) Student ID Card 8) Other Documents if any. |
| Terms and Conditions are applicable. |