Thane Janata Sahakari Bank: Education Loans

Eligibility

Occupations: Salaried / Self employed / Businessman.

Gross Income: Above Rs. 8,000/- p.m. Age: Min. 21 years,

Max. 60 years at loan maturity. Repayment capacity it will be

Considered on total income of the applicant and

Co-applicant. Student as Co-Applicant.

Loan Amount

• Maximum upto Rs. 15.00 Lacs. (For Loan above Rs.1.00 Lac equivalent collateral security is required)
• Within India : Rs.10.00 Lacs max. Abroad : Rs. 15.00 Lacs max.

Repayment

Maximum up to 7 years + 18 months moratorium.

Rate of Interest @ 11 % p.a. on DAILY reducing balance

Service Charges 1% of the Loan Amount (Minimum Rs. 1000/- )

(If the property is offered as collateral security) Guarantee/Surety Personal Guarantee of one/two person(s) depending upon income /means.

Pre payment

No Penalty for pre-payment. (2% penalty only in case of take over)

Documents Required

• Income Proof of Applicant(s) & Guarantor(s)
• Residential Proof of Applicant(s) & Guarantor(s)
• Original Quotation / Invoice, etc
• Bank Account Statement One Year

Click here to download the form