Education Loan

Documentation for Loan Process

  • Application Form Download
  • Photo of Parents and Child (One Each)
  • KYC Documents – (Copy of PAN card, Passport copy, Driving Licenses, Telephone Bill, Bank Statement, Adhaar Card, Voter ID card)
  • Income Documents
  • Bank Statement
  • Loan Agreement Kit
  • Re Payment Mode – NACH,Standing Instruction & PDCs (Post Dated Cheques)
  • Security Cheques
  • Processing Fee DD/ Cheque of 2%+ ST on Loan Amount
  • Documentation Charges & Govt Live (CERSAI ) Rs 500/-
EDUFEEZ - Product
Loans to Students of Private Creche & Pre- School To College
Loan amount Above Rs 20000/-
Tenor 10 Equated Monthly Instalments (EMI)
Rate of Interest (ROI) Competitive across Industry
Processing Fee Upfront one time Fee of 2% + ST on Disbursed Loan Amount
Mode of Loan Re Payment NACH,Standing Instruction & PDCs (Post Dated Cheques)
Penal Interest Penal Interest 2% pm on overdue amount In case of Delay Payment
Pre Closure Charges Pre Closure Charges 4% + ST on Principal Out Standing
Insurance Optional Insurance coverage of loan amount at the discretion of Parents
           
*T & C