Prathama Bank Education Loan Interest Rate
| INTEREST RATE | 11.0% -13.0% |
| LOAN TENURE | With in 15 years after the Holiday | Moratorium Period |
| PROCESSING FEE | As decided by the bank from time to time |
| GUARANTOR REQUIRED | No |
| PRE CLOSURE CHARGES | As decided by the bank from time to time |
About Prathama Bank
Prathama Bank is a gramin bank in India established on 10-02-1975. It has headquarter in Moradabad and address is Prathama Bhawan, Ram Ganga Vihar Phase-II, Post Box NO. 446, Moradabad-244001. it has 422 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.
Prathama Bank Education Loan Interest Rates, Education Loan at 11.0% -13.0% Updated on 11 Sep 2024. Apply for Education Loans Online. Find Prathama Bank Education loan purpos, Eligibility, Margin, Repayment of Education Loan ,Security, Documents Required for Education Loan from below.
Other Products of Prathama Bank:
| Home Loan | Personal Loan |
| Education Loan | Business Loan |
| Car Loan | Two Wheeler Loan |
| Gold Loan | FD Interest Rates |
| Prathama Bank RD Interest Rates | Prathama Bank ATMs Location |
| PPF Account |
Prathama Bank Education Loan Purpose
Prathama Bank Eligible Courses for Education Loan
Education Loan can be availed under following cases-
- Graduate, Post graduate, Diploma and Professional courses recognized by University Grant Commission, All India Council for Technical Education (AICTE) and the Indian Council for Medical Research, Government of India.
- Job oriented Professional or Technical courses of reputed education institutes abroad, etc.
- Government recognized or approved vocational or skill development courses.
- Courses conducted by IIM, IIT, IISC, XLRI, NIFT, etc
- Courses offered in India by reputed foreign Universities.
- Other Courses leading to Diploma/ Degree, etc. conducted by Colleges/ Universities approves by UGC/ Govt./ AICTE/ AIBMS/ ICMS, etc.
Prathama 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)
Prathama Bank Education Loan Amount
1.For study in India up to Rs 7.50 lac2.For study abroad up to Rs. 15.00 lac
Margin
a) Up to Rs.4 lakhs-Nil.b) Above Rs. 4 lakhs- 5%
Prathama Bank Education Loan Repayment
In 5 -7 years starting after 1 year after completion of course or after six month after getting employment, whichever is earlierSecurity
1. Up to 4.00 lac-no collateral security2. Above 4.00 lac any collateral security However father / guardian will join as coobligant alongwith one another creditworthy person.
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 Prathama Bank, Prathama Bank SMS balance check number SMS banking, Prathama Bank mobile banking, Prathama Bank toll free number,Prathama Bank toll free number 24*7, Prathama Bank miss call number.
- MISSED CALL NUMBERS - 9278700860
- CUSTOMER CARE NUMBERS - 18008331555
- CONTACT NUMBERS - 09837889051 0591-2492088/2455176-80, Fax-0591-2455175
Prathama Bank Contact Details
- BANK OFFICIAL WEBSITE - https://www.prathamabank.org
- CONTACT NUMBERS - 09837889051 0591-2492088/2455176-80, Fax-0591-2455175
- EMAIL ID - [email protected], [email protected]
- MISSED CALL NO. - 9278700860
- CUSTOMER CARE NO. - 18008331555
- TOTAL BRANCHES - 422
- HEADQUARTER - Moradabad
- BANK ADDRESS - Prathama Bhawan, Ram Ganga Vihar Phase-II, Post Box NO. 446, Moradabad-244001
Prathama Bank Education Loan FAQs Education Loan Document Required
