Loans

Features:

The loan shall be sanctioned to the parent of the Student for meeting the expenses relating to the admission fee, tuition fee, cost of uniform and books, etc

Eligibility:

• Applicant must be a Regular Member/Associate of the Bank with credibility.

• Students studying from LKG to 10 standard

• Parents should be Salaried Class with minimum service of three years.

• Businessmen, Professionals and Self-employed with minimum standing of three years.

Quantum of Loan: Not exceeding Rs.25, 000/-.

Processing fee: Rs. 300/- (Non refundable)

Interest Rate: As prescribed by the Board from time to time.

Tenure: Not Exceed 12 Months.

Repayment Mode: In equal monthly installments with monthly interest or in equated monthly

installments (though salary deduction in the case salaried persons)

Required Documents:

• Passport size photograph of the applicant

• Loan Application dully filled and signed by the borrower and surety with income proof.

• A letter from the (nursery/primary) school confirming the particulars of the amount to be paid.

Release of the Loan Amount:

• Execution of prescribed document by the borrower and the surety.