Address proof – electric bill /telephone bill (any one) As per KYC norms
Photo proof – Pan card / Voter card / Driving license (Any one) As per KYC norms
Father of the student has to submit document of the property for registered mortgage in favour of bank. Bank charge will be noted in Association / Society book.
Valuation of the property will be required in case of old property.
Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.
Bank will keep 25% margin on tuition fee, Hostel fee or total package of fees.
Applicant has to submit admission letter and details of college / University.
Applicant has to submit progress report of each semester.
Loan is to be repaid along with interest in 48 equal monthly installments. The repayment will start as soon as applicant complete study and obtain degree. During study period the applicant has to pay interest on regular basis.