Janata Eduflex Loan

Janata Sahakari Banlk Ltd., Pune    16-Mar-2014
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$img_titleLoan Amount:
Loan AmountCollateral
Rs. 4 Lakh -unsecuredNot required
Rs. 4.01 Lakh to Rs. 10 Lakh65 % of Loan Amount
Rs. 10.01 Lakh to Rs. 20 Lakh80 % of Loan Amount
Rs. 20.01 Lakh to Rs. 100 Lakh100 % of Loan Amount
Minimum Loan Amount Rs. 10,000/- *
Education in University within India Maximum LoanRs. 50 Lakh
Education in University Outside India Maximum LoanRs. 100 Lakh
$img_titleRate of Interest :
Starting From
Male Applicant - 9.0 %
Female Applicant - 8.5 %
 CIBIL Acceptable CIBIL 700 and above 
$img_titlePeriod:Maximum Period 15 years including moratorium of 36 months
$img_titlePeriod Of Repayment:Maximum Period 15 years including dry period of 36 months
$img_titleGuarantor:Parent(s) / guardian(s) to be joint borrower(s). No additional Guarantor required.
$img_titlePurpose Of Loan:Course / Degree /Diploma / Hostel Fee along with Computer exp. etc
$img_titleApplication Contribution:Rs. 4.01 lakh to Rs.10 Lakh -  65 % collateral, Rs.10.01 Lakh to Rs. 20 Lakh - 80 % collateral and Rs.20.01 Lakh to Rs. 100 Lakh - 100 % collateral
$img_titleMembership:Rs. 5000/-
$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