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 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.
• Avail loan amount ranging from Rs.5,000 to a maximum of Rs.2,00,000 Lakhs.
• Hassle-free quick processing of loans
• Minimum documentation and quick disbursal
• Easy and monthly repayment options.
• Personalized service to all the customers.
• Repayment shall be upto maximum three years depending on loan amount
• Multipurpose loan.
• Minimum Pre-payment charges.

Eligibility :

• Member of the JAN UTKARSH NIDHI LIMITED
• 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.

Repayment Details

By EMI or Regular.

Processing Charges & Service Tax

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

Supporting Documents for Loan Sanctioning

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.