#1
January 20th, 2016, 10:33 AM
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Documents Required for Education Loan in Syndicate Bank
Which are the documents required for issue Education Loan in Syndicate Bank ?
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#2
January 20th, 2016, 11:01 AM
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Re: Documents Required for Education Loan in Syndicate Bank
Syndicate Bank offers Education Loan to the Candidate who have secured admission on the basis of merit to professional/ technical/other courses in India or abroad. Syndicate Bank Education Loan: Documents Required : Admission approval letter . Fee structure . Past academic record Mark sheets. ID proof . Guarantor ID proof . Residence proof. Quantum of Loan Maximum : Rs.10.00 lac for studies in India Rs.20 lac for studies abroad Margin For loans upto Rs.4 lac – No Margin required. For loans above Rs.4 lac – 5% for study in India and 15% for study abroad. Security For loans upto Rs.4.00 lac – NIL For loans above Rs.4.00 lac and upto Rs.7.50 lac – Collateral in the form of satisfactory third party guarantee acceptable to the Bank. For loans above Rs.7.50 lac – Collateral security with 25% margin covering the loan amount and assignment of future income of the student for payment of loan instalments. Repayment In 5 to 7 years |