Secured Education Loan

SECURED EDUCATION LOAN

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

Attractive Interests Rates
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.

Member of the AKS Narpavi NIDHI LIMITED
Holding either single account or joint account with other family members’ viz., father, mother, wife, son or daughter with regular source of income.
Individuals who may be employed/self-employed in business having regular income.
Permanent employee of Central/State/Defence//Public or Joint Sector Undertaking/reputed firms/established Educational Inst/Professional/Businessmen having regular income.

Photo Identity Proof:
– Pass port
– PAN card
– Voters Identity Card
– Driving License
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.