Dombivli Nagari Sahakari Bank Ltd. is the Scheduled Bank located in the Thane District, state of Maharashtra established on 6 September 1970:



Education Loan

Purpose

Educational Purpose - For Higher Education in India or aboard



Eligibility

Student + Parents / guardian as co-applicants



Loan Limit

-Max Rs. 40.00 Lacs

-Studies in India - Rs. 10.00 Lacs

-Studies in Abroad - Rs. 20.00 Lacs

Margin

10% for both studies in India and Abroad

Repayment Schedule

Maximum 84 Months including - moratorium period.



Moratorium Period

Duration of course + 6 months

OR

3 Months after getting a job whichever is earlier



Guarantors

-Minimum one guarantors of age not more than 50 years.

-All the deductions including prosed EMI should not exceed 65% of Gross total income.

Security

-Up to Rs. 2.00 Lacs - Clean

-Above Rs. 2.00 Lacs - Tangible security or immovable property-value to cover 100% of loan amount + single premium Insurance policy on the life of student of sum assured not less than loan amount for all students whether going abroad or not.