Education Loan

This loan aims at providing financial support to deserving /meritorious students for pursuing higher education in India and abroad.

Features & Benefits:-

Attractive Interests Rates.
The applicant should be regular member or nominal member of Society.
Applicant/parents should have banking relation with our Society.
The student should be an Indian Resident.
The student should have secured admission to professional/technical course in India or abroad through entrance test /merit based selection process.
Courses through Educational Institutes / Organizations of repute & recognition will be eligible for loan limit.

Member of the Navabharatha Souharda Co-operative
The applicant should be regular member or nominal member of bank.
Applicant/parents should have banking relation with our bank.
The student should be an Indian Resident.
The student should have secured admission to professional/technical course in India or abroad through entrance test /merit based selection process.
Courses through Educational Institutes / Organizations of repute & recognition will be eligible for loan limit.

By EMI or Regular.

Processing Fees and Other Charges (Inclusive) PLUS Service Tax as applicable.

Supporting Documents for Loan Sanctioning

Photo Identity Proof:

Residence Proof:

– Telephone Bill
– Letter from any recognized Public Authority
-Electricity Bill
– Ration Card
– Letter from employer subject to satisfaction on Bank
– Properly Tax Book/Receipt
– Registered Lease Deed
Application on Prescribed form
Two photographs of Borrower and Guarantors
Address proof of Borrower and Guarantors (copy of Ration Card, Election card, Telephone bill, Driving License etc.)
Income proof, Copy of Income Tax Return, Financial Statement of the Firm, Sales Tax returns etc.
Profile of Guarantors.
Loan should be guaranteed by three financially sound Guarantors having net individual worth twice the loan amount.
Any other marketable security.