Thane Janata Sahakari Bank Education Loan- Student Loan in India
Thane Janata Sahakari Bank Education Loan Scheme
Thane Janata Sahakari Bank Education Loan 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.
Thane Janata Sahakari Bank Education Loan Amount
Collateral is needed for loan more than INR. 1 lakh.
The applicant can request for a loan up to maximum of Rs.30 lakhs.
Applicable Max 18 months
Maximum upto 7 years + 18 months moratorium.
Thane Janata Sahakari Bank Education Loan Rate of Interest
@ 11.60 % p.a. on DAILY reducing balance
1% of the Loan Amount (Minimum Rs. 1000/-) (If the property is offered as collateral security)
Personal Guarantee of one/two person(s) depending upon income /means.
Thane Janata Sahakari Bank Education Loan Repayment
The loan must be repaid in seven years, without counting the interest free window period (18 months) allowed between course completion and finding a job.
No Penalty for pre-payment. (2% penalty only in case of take over)
Thane Janata Sahakari Bank Education Loan 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