[tabby title=”Why Allahabad Bank Education Loan”]
Allahabad Bank Education Loan will help you to meet all your funding requirements for higher education.
- Allahabad Bank Education loan is only for Meritorious and Deserving students.
- For students in India: Loan amount from 4 Lakhs to 10 Lakhs.
- For students who wish to study abroad: Loan amount from 4 Lakhs to 20 Lakhs.
- Best in class Interest Rate.
- Education Loan for Degree/ Diploma courses.
- Minimal documentation and Quick Approval.
- Door Step Services.
[tabby title=”Education Loan Eligibility”]
Graduation, Post-graduation including technical / professional courses with employment potential conducted by colleges / Universities approved by UGC / Govt./AICTE/Department of Electronics / IMC, autonomous institutions like IIT,IIM etc. are the eligible courses in India and Job oriented, technical/professional courses- (graduation/post graduation) are the eligible courses to study abroad in BOI Education Loan.
- Need-based finance is permitted within a maximum of Rs.7.50 lakhs for inland study and Rs.15 lakhs for study abroad.
- Institutions offering courses should have the approval of Central Govt. & State Govt./University affiliation/Autonomous Institutes/AICTE/DOEACC.
[tabby title=”Education Loan Documents”]
Documents Required for Education Loan:
|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:
(If the purchase of the computer is involved, Certificate from the Institution with recommendations to be enclosed).
|Co-Applicant Self Employed Individuals & Professionals:
(If a purchase of the computer is involved, Certificate from the Institution with recommendations to be enclosed).