Education loan

100 %
0 %
Information about Education loan
Entertainment

Published on March 6, 2014

Author: vishramd

Source: authorstream.com

Education loan for foreign education opportunity: Education loan for foreign education opportunity Presented by Vishram Dixit BCOM, CAIIB . Who can get the loan? :  Who can get the loan? a) In the name of students with parents as co- applicant b) In the name of parents with student as co- applicant Majority of Banks give loan in Type a) BANKS OFFERING EDUCATION LOAN: BANKS OFFERING EDUCATION LOAN More than 55 banks offers education loan. Top banks amongst such are STATE BANK OF INDIA BANK OF BARODA AXIS BANK PUNJAB NATIONAL BANK DENA BANK ALLAHABAD BANK ANDHRA BANK HDFC BANK BANK OF MAHARASHTRA CANARA BANK IDBI BANK UCO BANK LVB CORPORATION BANK VIJAYA BANK TJSB SAHAKARI BANK LTD RATE OF INTEREST & MAXIMUM AMOUNT: RATE OF INTEREST & MAXIMUM AMOUNT RATE OF INTEREST IS BETWEEN 11.45% P.A. FLOATING TO 18.00% P.A. WHAT IS MINIMUM & MAXIMUM LOAN AMOUNT? RS.1,00,000/- MINIMUM RS.30,00,000/- MAXIMUM REPAYMENT, HOLIDAY PERIOD, MARGIN: REPAYMENT, HOLIDAY PERIOD, MARGIN IN ALMOST ALL BANKS, THE REPAYMENT STARTS AFTER ONE YEAR FROM THE COMPLETION OF COURSE OR SIX MONTHS AFTER SECURING JOB WHICH IS EARLIER. IN FEW CASES, HOLIDAY UPTO 18 MONTHS MAY BE ALLOWED AND THEN THE REPAYMENT IS MADE BY PARENTS OR STUDENT FROM THEIR INCOME. NORMALLY, MARGIN REQUIREMENT VARIES BETWEEN 0% TO 20% SECURITY TO THE LOAN: SECURITY TO THE LOAN UPTO RS.4.00 TO RS.5.00 LACS - CLEAN (EARNING PARENT WILL BE APPLICANT OR CO-APPLICANT) ABOVE RS.5.00 LACS – SUITABLE GUARANTEE REQUIREMENT AS SUGGESTED OR MORTGAGED SECURITY DOCUMENTS REQUIRED: DOCUMENTS REQUIRED LOAN APPLICATION FORM MARKSHEET OF LAST QUALIFYING EXAMINATION PROOF OF ADMISSION, SCHOLARSHIP (IF ANY) DETAILS OF EXPENSES DEFINED BY UNIVERSITY KYC COMPLIANCE OF PARENTS & STUDENT INCOME TAX RETURNS FOR LAST TWO YEARS INCOME STATEMENT & STATEMENT OF ASSET & LIABILITIES PREFERABLY CERTIFIED BY CHARTERED ACCOUNTANT ALL SECURITY PAPERS THAT ARE OFFERED WHAT IS NORMAL TIME TO SANCTION : WHAT IS NORMAL TIME TO SANCTION IN ALL CASES THE NORMAL TIME FOR SANCTION VARIES BETWEEN 7 DAYS TO 25 DAYS HOW DISBURSEMENT HAPPENS: HOW DISBURSEMENT HAPPENS UPON RECEIVING VISA DETAILS ONE CAN APPROACH BANKER FOR DISBURISNG LOAN IT IS REQUIREMENT BASED UPON EXECUTING DOCUMENTS UPON EXECUTING SECURITY DOCUMENT AS PER REQUEST LETTER WITH MARGIN REQUIREMENTS QUESTIONS/ANSWERS: QUESTIONS/ANSWERS THANK YOU: THANK YOU

Add a comment

Related presentations

Related pages

Education Loan: Apply Online in India, Interest Rates

Best Education Loans in India: One Stop Portal for Information About Educational Loans - Allows Students and Education Loan Seekers to Apply for a Hassle ...
Read more

Education Loan India | Student Loans |Study Loan - Axis Bank

Education Loan in India: Axis Bank provides student loan for pursuing higher education in India and Abroad. Click here to get more information about ...
Read more

Education Loan Scheme - SBI Corporate Website

Loan Schemes Interest Rates. Home Loans Interest Rates (Current) Auto Loans; Education Loan Scheme; Personal Loans Schemes; Loans against Securities
Read more

Education Loan: Apply Online in India, Interest Rates

Best Education Loans in India: Apply online for low EMI Interest rate. Check & compare student education loan eligibility in leading banks and credila.
Read more

Loan Entrance Counseling - StudentLoans.gov

U.S. Department of Education site explaining how to view Federal student loan documents, entrance counseling and how to sign promissory notes. Includes ...
Read more

Federal Student Aid

Learn about the eligibility criteria for the federal student aid ... Estimate your monthly loan ... we make it easier to get money for higher education.
Read more

Education Loans - Rhode Island Student Loan Authority

Learn about education loans including private student loans, state-based student loans and federal education loans.
Read more

Sallie Mae | Student Loans, Educational Loans and ...

Sallie Mae is a trusted student loan company providing college, graduate and undergraduate student loans. Apply for a loan or register for the Sallie Mae ...
Read more

VET Student Loans | Department of Education and Training

Subject to the passage of legislation, VET Student Loans will commence on 1 January 2017, replacing the current VET FEE‑HELP scheme, which will cease on ...
Read more

Education and learning - GOV.UK

Education and learning. A to Z. Apprenticeships, 14 to 19 education and training for work. Includes finding a course, finding an apprenticeship, 16 to 19 ...
Read more