Thane Janata Sahakari Bank Education Loan
Student Loans by Thane Janata Sahakari Bank
Purpose
To meet expenditure of fees, educational equipment,
Books, computer, peripherals for education of self / children
.
Eligibility
Occupations: Salaried / Self employed / Businessman.
Gross Income: Above Rs. 8,000/- p.m. Age: Min. 21 years,
Max. 60 years at loan maturity. Repayment capacity it will be
Considered on total income of the applicant and
Co-applicant. Student as Co-Applicant.
Loan Amount
- Maximum upto Rs. 15.00 Lacs. (For Loan above Rs.1.00 Lac
equivalent collateral security is required)
- Within India : Rs.10.00 Lacs max. Abroad : Rs. 15.00 Lacs max.
Repayment
Maximum up to 7 years + 18 months moratorium.
Rate of Interest @ 11 % p.a. on DAILY reducing balance
Service Charges 1% of the Loan Amount (Minimum Rs. 1000/- )
(If the property is offered as collateral security)
Guarantee/Surety Personal Guarantee of one/two person(s) depending
upon income /means.
Pre payment
No Penalty for pre-payment. (2% penalty only in case of take over)
Documents Required
- Income Proof of Applicant(s) & Guarantor(s)
- Residential Proof of Applicant(s) & Guarantor(s)
- Original Quotation / Invoice, etc
- Bank Account Statement One Year
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Category: Education Loans
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