Education Loan

Satyavijay Bank > Education Loan

EDUCATION LOAN

Purpose

To provide financial assistance to the meritorious & indigent students to undergo professional courses including hostel accommodation with a view to acquire technical skills and training in any specialized discipline like

  • Medical & Dental students
  • Engineering students
  • Computer Science students
  • Management, etc.
  • Agriculture

 

 NOTE: Students who scored 80% and above can get 100% finance.

 

Eligibility

The applicant should be between 15 to 30 years of age and Education qualification minimum 12th pass.

Where the applicant is not having any income source, any one Parent /Guardian having a regular source of income can apply as Co-borrower.

Where the student is a minor, any one Parent /Guardian having a regular source of income should apply as a borrower.

 

Repayment Period

Maximum 120 month E.M.I.

 

Share Holding

2.5% of loan amount

 

Guarantors

Two guarantors having a regular source of income including any family members filing regular Income Tax Returns.

 

Surrender Value of LIC Policies:

  • Government / Trustee securities such as NSC.
  • Term Deposits
  • Mortgage of immovable property

Banking Relations

Previous banking relations are not necessary. Fresh A/c holders fulfilling above criteria may be considered.

 

Documents To Be Submitted With The Loan Application:

  • Proof of age and educational qualification such as Mark sheet, Degree Certificate etc
  • Proof of admission to the course with fee structure
  • Mark sheet Submit in bank every time
  • There will be no processing charges.
  • If a student stops his education then the loan amount will recover immediately.

Mode Of Disbursement:

Margin money of 20% of course fee to be deposited in the A/c. 100% of course fee will be remitted by pay order in favour of the institutions as per their course fee / payment schedule.

 

Loan against Gold Ornaments

SHREE SATYVAIJAY SAHAKARI BANK. Presents “Loan against Gold Ornaments”, a scheme designed to provide liquidity against gold ornaments without having to sell them.

Gold ornaments lying idle can be put to productive use by availing the SATYAVIJAY Bank’s Gold Loan.

This product is ideal to meet your immediate requirement of cash.

 

Highlights of Gold Loan:: –

  • Higher Base Rate i.e. Loan per gram.
  • Minimum rate of interest 12% p.a.
  • Hassle-free quick processing of loans.
  • Simplified paperwork.
  • Easy repayment options
  • No documentation charges
  • Process fees are applied

So what are you waiting for? Just walk into any of the SATYAVIJAY BANK branches and get a loan against your Gold.