Centurion Bank of PunjabStudent Education Loan
Eligibility
You are eligible if you
- Are a resident of India.
- Have an offer / admission letter / are bonafide student of a college / university in India or abroad.
Expenses Covered
The following expenses can be claimed under the scheme
- Admission / Tuition fee to be payable to College / University / Institution.
- Air fare / Travel Expenses.
- Boarding and Lodging expenses.
- Books and Stationery expenses.
- Instruments / equipment / computer expenses required for the course undertaken.
- Examination / Library / Laboratory fee.
- Any other expense required to complete the course - like study tours, project work, thesis, etc.
Rate of Interest
As applicable from time to time.
Repayment Plan
Repayment of loan starts after studying & moratorium* period and
can go up to a maximum of 7 years.
* Moratorium period is a max. of 6 months after course completion or
one month after getting a job whichever is earlier.
Documents Required
The
following papers/documents should accompany the Application Form to be
executed by both the students and the parents/guardians.
- Documents
required from both the student / co-applicant. Identity Proof : Copy
of Passport / Driving License / Voters Identity Card / Income Tax Pan
Card.
- Residence Proof : Copy of Passport / Driving License / Voters Identity Card / Utility Bills
- Age Proof : Copy of Passport / Driving License / Income Tax Pan Card / Birth Certificate.
- Signature Verification.
- One Singed Photograph ( On the face).
Abroad
- Offer / Admission / Bonafide student letter from the university / college in India or Abroad.
- Cost of the Course (including living).
- Copy of last examination passed result.
- Copy of Passport in case of study abroad.
Documents required from the co-applicant
- Income Proof: Form 16 or Income tax returns for the last two years.
- Collateral Security Papers ( if any).
- Any other document / information as needed by Bank, depending upon the case and purpose of loan.
NOTE:
1. All loans are at the sole discretion of Centurion Bank of Punjab Ltd.
2. Repayment of Loan through Post Dated Cheques (PDCs). |