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Whats New

  • RBI grants Authorised Dealer – category II for retail forex license to Apna bank
  • BSI certifies Apna Bank with the upgraded ISO 27001:2013 cerification for information Security
  • IMPS -Apna Sahakari Bank Ltd. is Live in Immediate Mobile Payment System.
  • Milestone Of Business Mix Of Rs. 5000 Cr. Plus achieved. Thanks To All Our Shareholders & Customers.
  • We are SCHEDULED Bank now. Thanks to all Shareholders, Customers & Well Wishers.
  • Opening branches shortly Borivali(W), Andheri(E), Palghar, Chiplun
Education Loan


EDUCATION LOAN
Purpose For Domestic / foreign Higher education
Who can Avail this Loan Any account holder student who wants to pursue higher education in the country or outside country employed / businessman / professional
Loan Features

Maximum Limit : Domestic Education Rs.10 Lakhs
foreign Education Rs.20 Lakhs

Repayment Period : Maximum 84 instalments

Moratorium Period : 2 years or Course period whichever is earlier

Eligibility : 70% of security offered / 50 times of monthly salary / 3 times of net cash accruals

Primary Security : Residential Flat / Shop / Industrial gala

Collateral Security : a. L.I.C
b. N.S.C
c. Kisan Vikas Patra
d. Fixed Deposit. Recurring Dep.

Rate of Interest 11%
Documents required
  • Duly filled Loan form
  • Account Statement / Passbook for verification
  • Other Bank account statement if any
  • Three Photograph of Borrower & Guarantors
  • Income proof for last three years if businessman / current 3 months payslips if salary earner, form no 16 of last year
  • Ration card of borrower and Guarantors
  • Aadhar card of borrower and Guarantors
  • Electricity Bill of borrower and Guarantor (point 6,7,8 bring originals for verification)
  • Shares – Borrower and guarantor
  • Offer letter from Educational Institute
  • Fee Structure /I-20
  • Fee Receipt
  • Mark Sheets / Passing certificate of last degree / diploma, graduation
  • Passport / Visa copy
Charges
  • Share –Rs.1000/- each for borrower & guarantors for Loan amount up to Rs. 10 Lakhs Rs.25000/- for loan amount above Rs.10 Lakhs
  • Franking – Maximum Rs.500/-
  • Visit Charges – Rs.300/- to 600/-
  • Hypothecation Bond 0.20% of loan amount
Positive Points
  • Lowest Interest rate
  • No Pre-payment charges
  • Fixed rate of Interest
  • Daily reducing balance
  • Repayment in addition to fixed instalment can be made without any charges