Bassein Catholic Bank Education Loan - Student Loan in India

Bassein Catholic Bank Education Loan Scheme

Bsassein Catholic Bank Education Loan Purpose

Pursuing Higher Education within India/ Overseas. Students should have secured admission for the Courses opted for.

Bassein Catholic Bank Education Loan Quantum

For Studies within India ----Maximum upto Rs. 10.00 lacs For Studies Out of India -----Maximum upto Rs.20.00 Lacs

[**Request for Higher Loan amount can be considered on Case to Case Basis.]

Bassein Catholic Bank Education Loan Security

Equitable/Registered Mortgage of Immovable property such as Flat /Shop/Industrial Gala /Land along with House

Pledge of Bank’s Term Deposits

Bassein Catholic Bank Education Loan Margin

25% of Education expenses or 25% of property whichever is lower

In case of Term Deposits the margin shall be 20%.

Bassein Catholic Bank Education Loan Rate of Interest

Upto Rs.5 Lacs ----- 9.00% p.a

Above Rs.5 Lacs----10.00% p.a

Bassein Catholic Bank Education Loan Repayment

60 months after completion of Course or Student securing Job whichever is Earlier.

Bassein Catholic Bank Education Loan Documentation Required

  • KYC documents of Borrowers and Guarantors.
  • Income proof of the co-borrower/ family justifying repayment capacity
  • Salaried: Salary Slips & Form 16 along with Salary A/c Statement for last 6 months.
  • Business: Copies of IT returns for last 3 years along with Financial Statements along with Business A/c statement for last one year.
  • Earlier Educational Qualification certificates of the student.
  • Offer/ acceptance letter of the College/ University where admission is taken.
  • Title Deeds of the property offered as Security