Janakalyan Sahakari Bank Limited Education Loan Interest Rate

INTEREST RATEPlease Contact Bank Branch
LOAN TENUREIn 8 to 10 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 Janakalyan Sahakari Bank

Janakalyan Sahakari Bank Limited is a Co-operative bank in india. It has headquarter in Mumbai. Janakalyan Sahakari Bank Limited was founded on 29-05-1974. It has 53 branches and

It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.

Find details about Janakalyan Sahakari Bank Limited which includes Janakalyan Sahakari Bank Limited Official Website, Janakalyan Sahakari Bank Limited ATMs accross the India, Janakalyan Sahakari Bank Limited Branches accross the India, Janakalyan Sahakari Bank Limited Contact Numbers, Janakalyan Sahakari Bank Limited official EmailID, Janakalyan Sahakari Bank Limited Headquarter and Janakalyan Sahakari Bank Limited Headquarter Address. Find Janakalyan Sahakari Bank Limited Education loan purpos, Eligibility, Margin, Repayment of Education Loan ,Security, Documents Required for Education Loan from below.

Other Products of Janakalyan Sahakari Bank Limited:

Home LoanPersonal Loan
Education LoanBusiness Loan
Car LoanTwo Wheeler Loan
Gold LoanFD Interest Rates
Janakalyan Sahakari Bank RD Interest RatesJanakalyan Sahakari Bank ATMs Location
PPF Account 

Janakalyan Sahakari Bank Education Loan Purpose

Loan for expenses towards higher studies in India /abroad.

Janakalyan Sahakari Bank Eligible Courses for Education Loan

For studies in India:
  1. Approved courses leading to graduate|post graduate degree and P G diplomas conducted by recognized colleges|universities recognized by UGC|Govt.| AICTE| AIBMS| ICMR etc.
  2. Courses like I.C.W.A., C.A., C.F.A., etc.
  3. Courses conducted by IIMs, IITs, IISc, XLRI, NIFT, NIDetc.
  4. Approved courses offered in India by reputed foreign universities.
  5. Regular Degree|Diploma courses like Aeronautical, pilot training, shipping, degree|diploma in nursing or any other discipline.approved by Director General of Civil Aviation|Shipping|Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India.
  6. Approved by Head Office and included in approved educational institutions list.
For studies abroad:
  1. Graduation: For job-oriented professional|technical courses offered by reputed universities. (Diploma|Certification courses are not permissible)
  2. Post Graduation: Courses like MCA, MBA, MS etc.
  3. Courses conducted by CIMA-London, CPA in USA etc.
  4. Degree | Diploma: Courses like Aeronautical, Pilot training, and Shipping etc. provided these are recognized by competent regulatory bodies in India| abroad for the purpose of employment in India and abroad.

Janakalyan Sahakari 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)

Janakalyan Sahakari Bank Education Loan Amount

(i) For study in India - Maximumof Rs.10 lakh
(ii) For Studies Out of India - Maximum of Rs.20 lakh

Margin

The margin amount may be varied by the bank at its discretion.

Janakalyan Sahakari Bank Education Loan Repayment

  • For Loans up to 5.00 lakh- Repayment period upto 8 years including Moratorium Period.
  • For Loans above 5.00 lakh- Repayment period upto 10 years including Moratorium Period
  • Moratorium Period: Course period + 1 year or 6 months after getting job, whichever is earlier.

Security

  • Upto 5.00 lakh : NIL.
  • Above 5.00 lakh: 100% of loan amount.
  • Guarantors : One competent guarantor acceptable to the bank. (Parents will be taken as Co-borrowers).
  • Share Subscription As Applicable.

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 Janakalyan Sahakari Bank Limited, Janakalyan Sahakari Bank Limited SMS balance check number SMS banking, Janakalyan Sahakari Bank Limited mobile banking, Janakalyan Sahakari Bank Limited toll free number,Janakalyan Sahakari Bank Limited toll free number 24*7, Janakalyan Sahakari Bank Limited miss call number.

  • CUSTOMER CARE NUMBERS - 1800225381
  • CONTACT NUMBERS - 022-25222582, 1800 22 5381, Fax: 022-2523 0266

Janakalyan Sahakari Bank Limited Contact Details

  • BANK OFFICIAL WEBSITE - https://www.jksbl.com
  • CONTACT NUMBERS - 022-25222582, 1800 22 5381, Fax: 022-2523 0266
  • EMAIL ID - [email protected], [email protected]
  • CUSTOMER CARE NO. - 1800225381
  • TOTAL BRANCHES - 53
  • TOTAL ATMS - 23
  • HEADQUARTER - Mumbai
  • BANK ADDRESS - 140, "Vivek Darshan" Sindhi Society, Opp Bhakti Bhavan, Chembur-East, Mumbai, Maharashtra Pincode-400071
Janakalyan Sahakari Bank EMI Calculator  Janakalyan Sahakari Bank Branches  
Janakalyan Sahakari Bank Education Loan FAQs  Education Loan Document Required

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