Bangiya Gramin Vikash Bank Education Loan Interest Rate

INTEREST RATE12% to 12.75%
LOAN TENUREIn 5 to 7 years after the Holiday | Moratorium Period
PROCESSING FEEAs decided by the bank from time to time
GUARANTOR REQUIREDYes
PRE CLOSURE CHARGESAs decided by the bank from time to time
Note: Updated on 23 Feb 2024, for latest interest rates, please visit bank website.

About Bangiya Gramin Vikash Bank

Bangiya Gramin Vikash Bank is a gramin bank in India established on 21-02-2007. It has headquarter in Berhampore and address is BMC House, Chuanpur, NH 34, Chaltia, PO Berhampore Dist Murshidabad - 742 101. it has 592 branches across the state.

It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, loans, personal loans, netbanking, RTGS, NEFT, IMPS, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.

Bangiya Gramin Vikash Bank Education Loan Interest Rates, Education Loan at 12% to 12.75% Updated on 03 Mar 2024. Apply for Education Loans Online. Find Bangiya Gramin Vikash Bank Education loan purpos, Eligibility, Margin, Repayment of Education Loan ,Security, Documents Required for Education Loan from below.

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Home LoanPersonal Loan
Education LoanBusiness Loan
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PPF Account 

Bangiya Gramin Vikash Bank Education Loan Purpose

The student of Indian national to pursue admission to a professional/technical course through entrance test / merit based selection process either inland or abroad.

Bangiya Gramin Vikash Bank Eligible Courses for Education Loan

Post Graduation Courses: Masters and Ph.D.
Professional Courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.
Computer Certificate Courses of reputed Institutes accredited to Dept. of Electronics or Institutes affiliated to University.
Courses like ICWA, CA, CFA, etc.
Courses conducted by IIM, IIT, IISC, XLRI, NIFT, etc.
Courses offered in India by reputed foreign Universities.
Evening Courses of approved Institutes.
Other Courses leading to Diploma|Degree, etc. conducted by Colleges|Universities approves by UGC|Govt.|AICTE|AIBMS|ICMS, etc.

Bangiya Gramin Vikash Bank Education Loan Document Required

For salaried individuals

  • Duly filled up and signed education loan application form along with photographs
  • KYC (Know Your Customer)documents
  • Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
  • Latest salary slip showing all deductions or Form 16 along with recent salary certificate
  • Proof of residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
  • Bank Statement or Bank Pass Book of having entries of last 6 months
  • Guarantor Form, Copy of admission letter or the Institute along with Fees schedule (Optional)
  • Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses (Optional)
  • Detailed break-up of the costs of the course (Optional)

For all individuals except salaried

  • Duly filled up and signed education loan application form along with photographs
  • KYC (Know Your Customer)documents
  • IT returns of the last 2 years and computation of income of last 2 years certified by a Chartered Accountant
  • Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
  • Proof of residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
  • Bank Statement or Bank Pass Book of having entries of last 6 months
  • Guarantor Form, Copy of admission letter or the Institute along with Fees schedule (Optional)
  • Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses (Optional)
  • Detailed break-up of the costs of the course (Optional)

Bangiya Gramin Vikash Bank Education Loan Amount

For study in India: Max. Rs. 10 lakh.
For study abroad: Max. Rs. 20 lakh.

Bangiya Gramin Vikash Bank Education Loan Repayment

The loan is to be repaid in maximum 5 to 7 years after commencement of repayment. The repayment will commence after a moratorium/ repayment holiday which is course period plus one year (two years depending on merit) or six months after getting the job whichever is earlier.'In all cases there would be undertaking for attachment of future income'.

Security

Upto Rs. 4.00 lakh-Nil
Above Rs. 4.00 Lacs and upto Rs. 7.50 lakh-Collateral in the form of a suitable third party guarantee. The Bank may, at its discretion, waive third party guarantee if satisfied with the net-worth/means of parent who would be executing the documents as joint borrower.
Above Rs. 7.50 lacs-Collateral of suitable value or suitable third party guarantee.

Mode of Repayment of Education Loan

Post Dated Cheque (PDC): PDCs are given by the borrower in advance to the bank. They will be for future dates. Bank will deposit the cheque on the date mentioned on the cheque. This mode used to be opted by the borrowers when there were no online repayment options available. This mode is no longer popular and is used by very few borrowers.

Electronic Clearance System (ECS): This mode is very popular and most of the borrowers opted for this mode of repaying the loan. It is an electronic mode for transferring the EMI from borrower's bank to lender's bank.

National Automated Clearing House (NACH): NACH is a facility offered by National Payment Corporation of India (NPCI) for online transfer of funds on due date. This system has come into force recently and is preferred by many people. The benefit of this mode is that it allows transactions to be processed in real time.

Standing Instruction (SI): It is an order or instruction which the account holder gives to his/ her bank to pay a fixed amount to another bank/ account at a regular interval. It is also used by many borrowers to pay EMIs as EMI is a fixed amount. SI is not suitable for variable amounts.

Contact details of Bangiya Gramin Vikash Bank, Bangiya Gramin Vikash Bank SMS balance check number SMS banking, Bangiya Gramin Vikash Bank mobile banking, Bangiya Gramin Vikash Bank toll free number,Bangiya Gramin Vikash Bank toll free number 24*7, Bangiya Gramin Vikash Bank miss call number.

  • CUSTOMER CARE NUMBERS - 18001032222
  • CONTACT NUMBERS - 18001032222

Bangiya Gramin Vikash Bank Contact Details

  • BANK OFFICIAL WEBSITE - https://www.bgvb.co.in
  • CONTACT NUMBERS - 18001032222
  • EMAIL ID - [email protected]
  • CUSTOMER CARE NO. - 18001032222
  • TOTAL BRANCHES - 592
  • HEADQUARTER - Berhampore
  • BANK ADDRESS - BMC House, Chuanpur, NH 34, Chaltia, PO Berhampore Dist Murshidabad - 742 101
Bangiya Gramin Vikash Bank EMI Calculator  Bangiya Gramin Vikash Bank Branches  
Bangiya Gramin Vikash Bank Education Loan FAQs  Education Loan Document Required

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