Saraswat Bank Education Loan Details

Saraswat Bank Education
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SARASWATI EDUCATIONAL LOAN

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	---
INCOME	---	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

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)