The Mehsana Urban Cooperative Bank Education Loan Interest Rate
| INTEREST RATE | 10.00% |
| LOAN TENURE | In 5 to 7 years after the Holiday | Moratorium Period |
| PROCESSING FEE | As decided by the bank from time to time |
| GUARANTOR REQUIRED | Yes |
| PRE CLOSURE CHARGES | As decided by the bank from time to time |
About The Mehsana Urban Cooperative Bank
The Mehsana Urban Cooperative Bank is a Co-operative bank in india. It has headquarter in Ahmedabad. The Mehsana Urban Cooperative Bank was founded on 23-10-1983. It has 58 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 The Mehsana Urban Cooperative Bank which includes The Mehsana Urban Cooperative Bank Official Website, The Mehsana Urban Cooperative Bank ATMs accross the India, The Mehsana Urban Cooperative Bank Branches accross the India, The Mehsana Urban Cooperative Bank Contact Numbers, The Mehsana Urban Cooperative Bank official EmailID, The Mehsana Urban Cooperative Bank Headquarter and The Mehsana Urban Cooperative Bank Headquarter Address. Find The Mehsana Urban Cooperative Bank Education loan purpos, Eligibility, Margin, Repayment of Education Loan ,Security, Documents Required for Education Loan from below.
Other Products of The Mehsana Urban Cooperative Bank:
The Mehsana Urban Cooperative Bank Education Loan Purpose
The Mehsana Urban Cooperative Bank Eligible Courses for Education Loan
For studies in India:- 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.
- Courses like I.C.W.A., C.A., C.F.A., etc.
- Courses conducted by IIMs, IITs, IISc, XLRI, NIFT, NIDetc.
- Approved courses offered in India by reputed foreign universities.
- 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.
- Approved by Head Office and included in approved educational institutions list.
- Graduation: For job-oriented professional|technical courses offered by reputed universities. (Diploma|Certification courses are not permissible)
- Post Graduation: Courses like MCA, MBA, MS etc.
- Courses conducted by CIMA-London, CPA in USA etc.
- 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.
The Mehsana Urban Cooperative 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)
The Mehsana Urban Cooperative Bank Education Loan Amount
(i) For study in India - Maximumof Rs.10 lakh(ii) For study in foreign - Maximum of Rs.10 lakh
Margin
Margin for loans will be 20% for studies within India and higher studies overseas.The Mehsana Urban Cooperative Bank Education Loan Repayment
Repayment Holiday| Moratorium: Course Period + 1 year or 6 months after getting job, whichever is earlier.Security
The parent(s) or guardian of the student would be treated as a co-applicant of the loan. His or her role would be, necessarily, like the primary debtor.Third party guarantee and/or collateral security may be asked for in appropriate cases.
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 The Mehsana Urban Cooperative Bank, The Mehsana Urban Cooperative Bank SMS balance check number SMS banking, The Mehsana Urban Cooperative Bank mobile banking, The Mehsana Urban Cooperative Bank toll free number,The Mehsana Urban Cooperative Bank toll free number 24*7, The Mehsana Urban Cooperative Bank miss call number.
- MISSED CALL NUMBERS - 9266692668
- CUSTOMER CARE NUMBERS - 1800 233 6822
- CONTACT NUMBERS - 18002336822, 02762-257233/34/35/36/37/38
The Mehsana Urban Cooperative Bank Contact Details
- BANK OFFICIAL WEBSITE - https://www.mucbank.com
- CONTACT NUMBERS - 18002336822, 02762-257233/34/35/36/37/38
- EMAIL ID - [email protected]
- MISSED CALL NO. - 9266692668
- CUSTOMER CARE NO. - 1800 233 6822
- TOTAL BRANCHES - 58
- TOTAL ATMS - 30
- HEADQUARTER - Ahmedabad
- BANK ADDRESS - High way, Mehsana ,Dist-Mehsana,Gujarat. Pincode-384002
The Mehsana Urban Cooperative Bank Education Loan FAQs Education Loan Document Required
