Vidya Sahay

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.

IBA skill loan scheme