Education Loan From Bank Of Maharashtra

Bank Of Maharashtra Education
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BANK OF MAHARASHTRA EDUCATIONAL LOAN SCHEME

Interest
Rate

Loan limit	Interest Rate
Upto 7.5 Lacs	10.6- 12.1%
Above 7.5 Lacs	10.15%

Loan Amount &
Security

Secured	Unsecured
Above 7.5 Lac	Upto 7.5 Lacs

Charges &
Repayment

Processing fees	Nil
Repayment period	10 to 15 years
Moratorium period	Course Period + 6 to 12 months

Eligibility
Criteria

Indian resident/ citizen
Should have secured admission by Entrance test / Merit bases selection.

Key Benefits &
Coverage

Concessions	0.25% concession for Mahasaraswati accounts for 3 years 0.50% concession for girl students 0.50% concession to existing Housing Loan borrower 0.50% concession – for students getting admission in top rated Premier Institutions (selected list) Concession offered on providing additional guarantor for educational loans between Rs.4 Lakh to Rs 7.5 Lakh -0.25% 1% interest concession may be provided to the loanees if the interest is payed regularly.
Margin	Upto 4 Lacs - Nil Above 4 lacs- 5% for study in India Above 4 lacs-15% for study in Abroad
Course covered	Indian Courses - Graduation courses/Colleges under Universities approved by UGC. Other courses leading to diploma / degree etc. conducted by colleges / universities approved by UGC / Govt. / AICTE / AIBMS / ICMR etc. Courses Abroad - Job oriented Prof./Technical / PG courses/ Post Graduation: - MCA, MBA, MS etc
Expenses covered	College fees, hostel charge, books and education related expenses

Required
Documents

	Student	Co-Borrower
KYC	Photo ID Residence Proof Pan Card	Aadhaar Pan card residence proof(elctricitybill/telephone bill/house lease agreement/bank statement)
EDUCATION	Admit letter from the college which comes under this scheme College fee-breakup Prospectus of Institute Receipt of payment (if some payment is already made) GRE/GMAT/TOEFL/IELTS score card, etc.Marksheets (If applicable) X, XII and Graduation mark sheet	---
INCOME	---	6 months bank account statement ITR/form 16 of last 2years Income proof(Latest 3 salary slips)
Security	---	Collateral Doucments

Mr. Nitish Dubey

Email ID: care@credenc.com

Phone No.: 1800 121 0057

Address: Ground Floor, Building-10, Tower-A, Cyber City, DLF Phase 2, Gurugram, Haryana 122002

Registered Office :

2nd Floor, DLF Centre, Sansad Marg,
New Delhi – 110001

Corporate Office :

Ground Floor, Building-10, Tower-A, Cyber City, DLF Phase 2, Gurugram, Haryana – 122002

CIN No. - U74999DL2017PTC319926

Lender	Name	Interest Rates Offered*	Contact Details	Recovery Practices
	Capital India Finance Limited Link: https://www.capitalindia.com/	10% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)