|Purpose||Higher Education of Children in India and Abroad|
|Eligibility||Salaried Employees / Businessmen/Professionals and Individuals with proven source of Income|
|Loan Limit||Within India – Upto Rs.25 Lakhs
Abroad - Upto Rs.50 Lakhs
|Repayment Period||Repayable in 120 Months EMI|
|Rate of Interest||
|Share Holding||2.5% of the Loan amount as per RBI notification|
|Security||Mortgage of the Property by way of Registered Memorandum of Deposit of Title deeds|
|Documentation||Prescribed Application Form with Attested Copies of Photo ID – Voter ID/DrivLicense/Passport/Aadhar PAN Card|
Income Proof - Salaried
Certified Salary Certificate/Payslips- 3 months Form 16A issued by employer, Copy of Passbook 3 years IT Returns
3 years IT Returns, with Tax paid challan Professionals/ Bank pass book/statement
1. Consent declaration from family members wherever applicable.
2. Income proof as above of family members wherever applicable.
|Purpose Proof||Purpose Proof Study Certificate from the Institution/ Admission allotment letter issued by the Authority/Fee’s structure demand letter from Institution.|