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    Scholar Loan Check List: For Student

    Uploaded by

    Daya Parashar
    This document outlines the checklist of documents required for applying for a student loan from the State Bank of India, including academic records, admission proof, income/employment documents, bank statements, identity proofs, and documents for co-borrowers like parents or spouses. It also provides details on loan terms such as interest rates, processing time, repayment period, and contact information for assistance.

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    Scholar Loan Check List: For Student

    Uploaded by

    Daya Parashar
    109 views2 pages
    This document outlines the checklist of documents required for applying for a student loan from the State Bank of India, including academic records, admission proof, income/employment documents, bank statements, identity proofs, and documents for co-borrowers like parents or spouses. It also provides details on loan terms such as interest rates, processing time, repayment period, and contact information for assistance.

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    Scholar Loan Checklist

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    This document outlines the checklist of documents required for applying for a student loan from the State Bank of India, including academic records, admission proof, income/employment documents, bank statements, identity proofs, and documents for co-borrowers like parents or spouses. It also provides details on loan terms such as interest rates, processing time, repayment period, and contact information for assistance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    109 views2 pages

    Scholar Loan Check List: For Student

    Uploaded by

    Daya Parashar
    This document outlines the checklist of documents required for applying for a student loan from the State Bank of India, including academic records, admission proof, income/employment documents, bank statements, identity proofs, and documents for co-borrowers like parents or spouses. It also provides details on loan terms such as interest rates, processing time, repayment period, and contact information for assistance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    SCHOLAR LOAN CHECK LIST

    FOR STUDENT

    (i) Mark sheet & Certificates (10th Onwards)


    (ii) Documents evidencing the duration of course and commencement
    thereof viz prospectus or certificate from the competent authority
    of the institution.
    (iii) Proof of admission to the course.
    (iv) Schedule of expenses for the course.
    (v) 2 Passport size photograph.
    (vi) Statement of Bank account for the last six months of the borrower.
    (vii) Identity Proof (Passport /Voter ID Card/PAN/ DL/College ID card etc)
    (viii) Proof of residence (Elec. Bill/Tele Bill/ Passport with same
    address/Credit Card Statement etc)

    For Salaried Person :

    (i) Latest salary slips showing all deduction.


    (ii) Employment details for the last 5 years.
    (iii) I.T Return & Form 16 for last 2 years.
    (iv) Statement of assets and outstanding liabilities.

    For Self-Employed / Professionals and Businessmen : -

    (i) Proof of income.


    (ii) Income Tax/Wealth Tax (if applicable) assessment orders not more
    than 2 years old.
    (iii) Assets and Liabilities Statement.

    FOR CO- BORROWER (PARENTS/SPOUSE) :-

    (i) Two copies of passport size photograph


    (ii) Identity Proof (Passport /Voter ID Card/PAN/ Driving License etc)
    (iii) Proof of residence (Elec. Bill/Tele Bill/ Passport (same
    address)/Credit Card Statement etc)
    (iv) Latest 3 months salary slips showing all deduction/ proof of
    income.
    (v) Statement of Bank account for the last six months.
    (vi) I.T Return & Form 16 for last 2 years.
    (vii) Savings Account with SBI.

    Note- Retired person need only their ID& residential proof, their six
    months bank statement and their SB Account with SBI.

    Margin- 5% Max Loan A/c- Rs 15 lakhs No


    Security/Collateral
    Rate of Interest: 12% floating (0.5% rebate on R.O.I. for girl
    candidates)

    Repayment- 5-7 yrs Processing Time: 2-3 days if Co-borrower


    comes along with the Candidate.

    If Interest paid during the moratorium period, 1% rebate on the rate


    of interest on overall loan

    For further assistance, contact- 0657-2231365, 2224537,


    9470199298 or [email protected]

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