ADMISSIONS

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EDUCATIONAL LOANS

Almost all banks give educational loans to students.
Generally, the repayment of the loan starts only after one year of the completion of the programme OR six months after getting a job, whichever is earlier and continues for a period of 5-7 years. Only the interest has to be paid during the tenure of the programme.
    Documentation required for the Educational Loan:

  1. Completed loan application form
  2. Mark sheets of your last qualifying exam
  3. Proof of admission
  4. Schedule of expenses
  5. 2 passport size photographs
  6. Bank statement for the last 6 months
  7. Income tax assessment order of the last 2 years
  8. Brief statement of assets and liabilities of the co-borrower
  9. Proof of income (i.e., salary slips / form 16, etc)