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Saiban Capital Education Loan – Features & Benefits
✅ Moratorium Period
Begin reimbursement after direction final touch, giving students the time and opportunity to stable employment.
👪 Co-borrower Option
Parents or guardians can come to be co-borrowers to increase loan eligibility and reimbursement ability.
💸 Tax Benefits (Section 80E)
Enjoy tax blessings on hobby paid at some point of compensation under Section 80E of the Income Tax Act.
🌍 Covers Multiple Courses & Institutions
Apply for loans throughout faculty, graduate, postgraduate, and professional courses in India and abroad.
🛡️ Collateral & Non-Collateral Options
Depending on the loan amount, pick between secured (with collateral) and unsecured (with out collateral) loan options.
Education Loan Eligibility and Documents
Read on to know the criteria required to apply for our Home Loan.
EMI Calculator for Education Loan
We offer flexible EMI options so you in no way experience the pinch.
- Choose tenure: 1 to 5 years
- Pay in clean month-to-month installments
- No prepayment penalty
- Pay early and keep on interest
EMI Calculator
Monthly EMI: ₹0
Total Interest: ₹0
Total Payment: ₹0
Education Loan Eligibility
Eligibility varies by means of lender, path, and country, however commonplace necessities encompass:
Age: Applicant ought to be 18 years or above.
Course Eligibility: Must be enrolled in an eligible path/organization.
Admission Proof: Submit proof of showed admission.
Academic Record: Decent beyond educational overall performance may be required.
Co-borrower/Guarantor: Usually a discern or guardian, especially if the applicant has no credit records.
Credit Score: Both applicant and co-borrower’s credit score can affect approval.
Income Stability: Lender may test the reimbursement potential based totally at the co-borrower’s income.
Loan Amount Requested: Should be inside permissible limits set through the lender.
Collateral Requirement: May be wished for excessive-price loans.
Documentation: Identity, earnings, educational and admission files required.
Documents Required for Education Loan
For Student (Applicant) For Co-borrower / Guarantor Identity & Address Proof Identity & Address Proof Academic Records Income Proof (Salaried) Admission Letter from Institution Income Proof (Self-hired) Passport-size Photographs PAN, Aadhaar, Bank Statements Fee Structure from Institution Recent IT Returns / Business Proof (if any)
Fees and Charges for Education Loan
The expenses and fees of domestic loans normally vary from lender to lender and from case to case. The aforementioned table will provide you with a fair concept of the costs and fees related to domestic loans:
Particulars
Charges
Loan Processing Fees
0.25% to 2% of Loan Amount
Loan Cancellation
Nill - 5% (according to Bank/NBFC)
Stamp Duty Charges
As per the Value of the Property and State Tax
Legal Fees
As per actual
Penal Charges
Usually 2% per month
EMI / Cheque Bounce Charges
Approx 500/-
FAQ'S
Q1. Can I get a commercial enterprise loan with out ITR?
Q2. How lengthy does it take to disburse the mortgage?
Q3. Is collateral required?
Q4. Can I get a loan with a low credit rating?
Q5. What is the max mortgage I can get for a small business?
Education Loan Eligibility Criteria
Eligibility varies by means of lender, path, and country, however commonplace necessities encompass:
Age: Applicant ought to be 18 years or above.
Course Eligibility: Must be enrolled in an eligible path/organization.
Admission Proof: Submit proof of showed admission.
Academic Record: Decent beyond educational overall performance may be required.
Co-borrower/Guarantor: Usually a discern or guardian, especially if the applicant has no credit records.
Credit Score: Both applicant and co-borrower’s credit score can affect approval.
Income Stability: Lender may test the reimbursement potential based totally at the co-borrower’s income.
Loan Amount Requested: Should be inside permissible limits set through the lender.
Collateral Requirement: May be wished for excessive-price loans.
Documentation: Identity, earnings, educational and admission files required.
Documents Required for Education Loan
For Student (Applicant) For Co-borrower / Guarantor Identity & Address Proof Identity & Address Proof Academic Records Income Proof (Salaried) Admission Letter from Institution Income Proof (Self-hired) Passport-size Photographs PAN, Aadhaar, Bank Statements Fee Structure from Institution Recent IT Returns / Business Proof.
EMI Calculator for Education Loan
We offer flexible EMI options so you in no way experience the pinch.
- Choose tenure: 1 to 5 years
- Pay in clean month-to-month installments
- No prepayment penalty
- Pay early and keep on interest
EMI Calculator
Monthly EMI: ₹0
Total Interest: ₹0
Total Payment: ₹0
Top Features of Our Education Loans
✅ Moratorium Period
Begin reimbursement after direction final touch, giving students the time and opportunity to stable employment.
👪 Co-borrower Option
Parents or guardians can come to be co-borrowers to increase loan eligibility and reimbursement ability.
💸 Tax Benefits (Section 80E)
Enjoy tax blessings on hobby paid at some point of compensation under Section 80E of the Income Tax Act.
🌍 Covers Multiple Courses & Institutions
Apply for loans throughout faculty, graduate, postgraduate, and professional courses in India and abroad.
🛡️ Collateral & Non-Collateral Options
Depending on the loan amount, pick between secured (with collateral) and unsecured (with out collateral) loan options.