Vyapari Sahakari Bank Maryadit, Solapur

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Education Loan

For pursuing Post Graduation or higher Education in India or abroad. We provide Education Loan to Covers admission fees, accommodation, purchase of educational equipments, lab apparatus, books, computer & peripherals, etc.

Prerequisite Rules
Loan Limit Maximum Limit upto Rs.50 Lakhs.
Repayment Upto/Maximum 15 years excluding Moratorium Moratorium Period : Duration of Course +6 Months (upto a Maximum of 48 Months).
Pre-Payment Penlty Nil
Interest Attractive rate of Interest.
Margin Applicable from Time to Time.
Rate of Calculation Interest calculation on daily reducing balance.
Purpose For Post Graduation or Higher studies.
Security Collateral Security equal to quantum of Finance.
Guarantors Min Two Guarantors is required.
Shares Contribution Shares @ 2.5% of Sanction Limit.
Charges Applicable as per chart CERSAI, Franking Charges, ROC, Search &Notary charges as applicable.
Processing Fess As per rate chart of Bank + applicable G.S.T
Eligibility Any Individual (Loan will be granted to parent with student as Co-Borrower).
Documents Required
  • Loan application
  • PAN Card, Address Proof, latest Photograph, of the Applicant and Guarantors.(KYC of Borrower & Guarantors)
  • Bonafied certificate from college / Admission confirmation letter.
  • Structure of fees for full course duration from college
  • Attested copies of last year’s mark list / Degree Certificate / School Leaving Certificate
  • Property / Collateral Security Details with legal documents
  • In case of Businessman :
  • Proof of Business ( Shop Act, Food & Drugs License etc. as per applicability)
  • Last 3 years ITR, P& L A/c , Balance sheet (Audited)
  • Last 6 months bank statement of business.
  • Insurance : Insurance cover of Vehicle as per bank’s policy.
  • Any other documents as required by the bank at later stage.
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    *Conditions Apply. * For More details Please Contact Nearest Branch