Vijaya Bank Student Loan For Skill Development

Vijaya Bank Education
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IBA MODEL EDUCATION LOAN SCHEME

IBA MODEL SKILL LOAN SCHEME

Interest
Rate

Loan limit	Interest Rate
Max Upto 1.5 Lacs	9.95%

Loan Amount &
Security

Secured	Unsecured
-	From 5000 upto 1.5 Lacs

Charges &
Repayment

Processing fees	Nil
Pre-payment charges	Nil
Repayment period	2 to 7 years
Moratorium period	Upto 12 months

Eligibility
Criteria

Indian resident/ citizen
Proof of enrollment in the skill development courses or vocational education
Age Limit:No minimum age limit

Key Benefits &
Coverage

Margin	5%
Course covered	Skill development courses
Expenses covered	College fees, hostel charge, books and education related expenses

Required
Documents

	Student	Co-Borrower
KYC	Photo ID Residence Proof 2 passport size photograph	Aadhaar Pan card 2 passport size photograph residence proof(elctricitybill/telephone bill/house lease agreement/bank statement)
EDUCATION	Admit letter from the college which comes under this scheme College fee-breakup 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)

Ms. Pooja Soni

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)