Janata Eduflex Loan
         Date:


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$img_titleLoan Amount:
Loan AmountColateral
Rs. 4/- Lac -unsecuredNot required
Rs. 10/- Lac65 % of Loan Amt
Rs. 20/- Lac100 % of Loan Amt
But Minimum Loan Amount Rs. 10,000/- *
Education in University within India Maximum LoanRs. 10/- Lac
Education in University Outside India Maximum LoanRs. 20/- Lac
$img_titleRate of Interest:@ 11.50 % with monthly rest. Rate of Interest may change from time to time
$img_titlePeriod:Course Duration + 5 years but Maximum Period 10 years including dry period of 6 months
$img_titlePeriod Of Repayment:Course Duration + 5 years but Maximum Period 10 years including dry period of 6 months
$img_titleGuarantor:One Guarantor in case loan is above Rs. 4/- lac
$img_titlePurpose Of Loan:Course / Degree /Diploma / Hostel Fee along with Computer exp. etc
$img_titleApplication Contribution:above Rs. 4/- lac and up to Rs.10/- Lac 65 % co-lateral and above Rs.10/- Lac -100 % co-lateral
$img_titleMembership:@ 2.5 % of Loan Amount
$img_titleDocuments:1) Loan Application
2) Income Proof
3) PAN Card
4) Latest Colour Photo
5) Latest Address Proof
6) Quotation
7) Last 12 months Bank Passbook xerox
8) Students profile
$img_titleWho can Apply:Parent/s is/are the Applicant and in case student is major he/she is also co-applicant.
$img_titleNote:* Loan will be sanctioned at the sole discretion of the Bank or Bank reserved the rights to sanction the Loan.
* Terms and conditions are Applicable
* Initially Loan account will be opened as Cash Credit and after completion of the Course it will be converted in to a Term Loan
* Direct Payment will be made