Education Loan for Engineering

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Education Loan for Engineering @ 9.33%

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Education Loan for Engineering

Engineering is one of the most demanding courses in this 21st century. The Art of Creating Ideas, Constructing Visions and Connecting World is tempting the students to  join Engineering Courses. High pay scale, Rapid Growing Opportunities and a profile with "Name and Fame" are some reasons for the popularity of Engineering. If you dream to Innovate Technology, then don't ruin your dreams because of Financial Constraints. Whether it is B.Tech. or M.Tech, You can avail an Education Loan.

"Engineers like to Solve the Problems and we will solve your Financial problems." 

Avail the Best Education Loan for Engineering with the help of LoanNow.in on Lowest Interest Rates with Easy norms and Flexible schemes. Fulfill your dream of pursuing higher education and live a stable, comfortable and happy life. Enjoy the personalized and Doorstep Services of LoanNow.in.

Education Loan for Engineering- Eligibility

Education Loan for engineering- Eligibility Criteria:

  • You need to be a Resident Indian
  • You should be aged between 16 - 35 yrs.
  • COLLATERAL is required for all loans greater than Rs. 7.5 Lakhs.
  • All Loans require a co-applicant.

 

Documentation for Co-Applicant

 Documents

Salaried Co-Applicant

Self- Emp Co-Applicant

ID Proof Co-Applicants :Passport Copy/ Voters ID card/ Driving License/copy of PAN Card Co-Applicants :Passport Copy/ Voters ID card/ Driving License/Copy of PAN Card
Address Proof Co-Applicants :Ration card Telephone or electricity Bill/ Rental agreement/ Passport copy Co-Applicants :Ration card Telephone or electricity Bill/ Rental agreement / Passport copy/Trade license /Establishment or Sales Tax certificate
DOB Proof Co-Applicant's and Student's: Birth Certificate or 10th Class Passing Certificate Co-Applicant's & Student's Birth Certificate or 10th Class Passing Certificate
Financial Docs Co-Applicant Salaried Individual:

  • Latest 3 months Bank Statement (where salary/income is credited)
  • Employment details:3 Latest salary slips
  • Proof of Continuity current job (Form 16 / Company appointment letter )
  • Proof of Qualification Highest Degree (for Professionals / Govt. employees)
  • Mark sheet of last qualifying examination for school and graduate studies in India
  • Proof of admission to the course
  • Schedule of expenses for the course.

(If purchase of computer is involved, Certificate from the Institution with recommendations to be enclosed).

  • Two copies of passport size photographs from borrower / Co-obligate / guarantor

 

 

Co-Applicant Self Employed Individuals & Professionals:

  • Bank Statements(latest 6 months bank statement /passbook)
  • Qualification proof of the highest professional degree
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
  • Proof of continuation (Trade license /Establishment /Sales Tax certificate)
  •  Proof of income/copy of the land records.
  • Mark sheet of last qualifying examination for school and graduate studies in India
  • Proof of admission to the course
  • Schedule of expenses for the course.

(If purchase of computer is involved, Certificate from the Institution with recommendations to be enclosed).

  • Two copies of passport size photographs from borrower / Co-obligate / guarantor

 

* Interest rate can vary as per individual's portfolio.
* All loans repayment period are over 6 months. No short term loans.
* Credit at sole discretion of the Banks we have a tie-up with.
* The Organisation do not charge money from customers.