Saraswat Bank Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0
SUPPORT UPTO 50 LACS, TO THE STUDENTS ASPIRING TO STUDY IN PREMIER INSTITUTIONS IN INDIA OR ABROAD.
Interest
Rate

Loan limit Interest Rate
Upto 50 Lacs 10.5%
Loan Amount &
Security

Secured Unsecured
Above 4 Lac Upto 4 Lacs ( Without gurantors)
Charges &
Repayment

Processing fees Nil to 10000
Repayment period Upto 12 years
Moratorium period 3 years or duration of course+ 1 year
Eligibility
Criteria

  • Indian resident/citizen
  • Confirmed admission in the colleges before disbursement.
Key Benefits &
Coverage

Life insurance policy of the student borrower
Concessions
  • 0.50% less rate of interest would be applicable in case of girl students.
  • 0.25% less rate of interest would be applicable in case of studies in Indian Institute of Management (IIMs) and Indian Institute of Technology (IITs), XLRI, ISB.
  • For courses not approved by IBA, ROI will be (PLR-2.00) i.e 12.25 % p.a
Margin
  • upto 10%
Required
Documents

Student Co-Borrower
KYC
  • Photo ID
  • Residence Proof
  • Latest Photograph
  • Copy of Visa and Passport (for abroad education)
  • Aadhaar
  • Pan card
  • Latest Photograph
  • residence proof(elctricitybill/telephone bill/house lease agreement/bank statement)
EDUCATION
  • Admit letter from college
  • College fee-breakup and other other expenses
  • Receipt of payment (proofs of payment made)
  • GRE/GMAT/TOEFL/IELTS score card, etc.
  • X, XII and Graduation mark sheet
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INCOME
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  • Salaried Person - 3 month bank account statement
  • Salaried Person - ITR/Form 16 of last 2 years
  • Salaried Person - Income proof( Latest 3 salary slips )
  • Businessman/Professional/self employed - Last 3 years profit & loss account and balance sheet
  • Businessman/Professional/self employed - ITR
  • Businessman/Professional/self employed - Bank statement for last 3 month