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  • NIL Processing Charges.
  • No Collateral Security.
  • Lower Rate of Interest.
  • No Prepayment penalty.
  • Quick Processing and Disbursement.
  • Purpose
    To assist the needy and meritorious students who are in need of the down payment to be made to the CET/counseling Authorities at the time of selection / counselling.
  • Loan Quantum
    Maximum eligible amount would be Rs.1 Lakh or initial payment as proposed by the CET Authorities whichever is less.
  • Margin
    NIL.
  • Processing charges
    NIL
  • Security
    • Parent/guardian has to join as Co-borrower.
    • No collateral Security
  • Repayment Tenure
    Loan is to be cleared after sanction of regular education loan.
  • Students who appeared in common entrance test conducted by respective state governments, CBSE, IIT and such other all India examination and selected for counselling.
  • Student should be Indian National.
  • Students should have cleared the previous qualifying exam.
  • Stipulated Loan Application with 2 passport size photos of applicant / Co-applicants or guarantor.
  • KYC documents of applicant/ Co-applicants or guarantor.
  • Proof of Identity
    PAN CARD/Driver’s License/Voter ID /Passport/ Aadhar Card etc.
  • Proof of Residence
    Driver’s License/Voter Id/Passport / Aadhar Card / Electricity Bill/Telephone Bill etc., /Business Proof related GST and others.
  • Age proof of the applicant/ Co-applicants.
  • PAN card (photo copy).
  • Mark sheet of last qualifying examination.
  • Schedule of expenses for the course.
  • Proof of income/assets (if any).
  • Proof of income/assets (if any).
  • Income Proof for Co-applicant/guarantor (if any).
  • Any other documents as required by Bank.
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Last updated on 11-08-2023 03:30 PM

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