Kalyan Janata Sahakari Bank Education Loan Interest Rate
| INTEREST RATE | 11.90% |
| LOAN TENURE | In 5 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 Kalyan Janata Sahakari Bank
Kalyan Janata Sahakari Bank is a Co-operative bank in india. It has headquarter in Mumbai. Kalyan Janata Sahakari Bank was founded on 12-01-1973. It has 46 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 Kalyan Janata Sahakari Bank which includes Kalyan Janata Sahakari Bank Official Website, Kalyan Janata Sahakari Bank ATMs accross the India, Kalyan Janata Sahakari Bank Branches accross the India, Kalyan Janata Sahakari Bank Contact Numbers, Kalyan Janata Sahakari Bank official EmailID, Kalyan Janata Sahakari Bank Headquarter and Kalyan Janata Sahakari Bank Headquarter Address. Find Kalyan Janata Sahakari Bank Education loan purpos, Eligibility, Margin, Repayment of Education Loan ,Security, Documents Required for Education Loan from below.
Other Products of Kalyan Janata Sahakari Bank:
| Home Loan | Personal Loan |
| Education Loan | Business Loan |
| Car Loan | Two Wheeler Loan |
| Gold Loan | FD Interest Rates |
| Kalyan Janata Sahakari Bank RD Interest Rates | Kalyan Janata Sahakari Bank ATMs Location |
| PPF Account |
Kalyan Janata Sahakari Bank Education Loan Purpose
Kalyan Janata Sahakari 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.
Kalyan Janata 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)
Kalyan Janata 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
Min. 5% on entire Study cost.Kalyan Janata Sahakari Bank Education Loan Repayment
Maximum 5 years after commencement of the repayment.Security
Up to Rs. 2.00 lakhs : No Security required (0nly two Guarantors)Above Rs. 2.00 lakhs to Rs. 5.00 lakhs- Life Insurance Policy in the name of Borrower.
Assignment of LIP for Sum Assured equivalent to Loan amount, depending upon case to case basis.
Over Rs. 5.00 lakhs: 100% Security by way of Immovable Property or Financial Assets like Term Deposits, NSC, LIC policies having adequate Surrender value.
Two Guarantors with adequate means and income acceptable to the Bank.
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 Kalyan Janata Sahakari Bank, Kalyan Janata Sahakari Bank SMS balance check number SMS banking, Kalyan Janata Sahakari Bank mobile banking, Kalyan Janata Sahakari Bank toll free number,Kalyan Janata Sahakari Bank toll free number 24*7, Kalyan Janata Sahakari Bank miss call number.
- MISSED CALL NUMBERS - 2261816081
- CUSTOMER CARE NUMBERS - 18002331919
- CONTACT NUMBERS - 0251-2316641, 1800-233-1919, 0251-2315995
Kalyan Janata Sahakari Bank Contact Details
- BANK OFFICIAL WEBSITE - www.kalyanjanata.in
- CONTACT NUMBERS - 0251-2316641, 1800-233-1919, 0251-2315995
- EMAIL ID - response@kalyanjanata.in
- MISSED CALL NO. - 2261816081
- CUSTOMER CARE NO. - 18002331919
- TOTAL BRANCHES - 46
- TOTAL ATMS - 45
- HEADQUARTER - Mumbai
- BANK ADDRESS - Kalyanam_astu, Om Vijaykrishna Apartments, Adharwadi, Kalyan (W) 421301 Maharashtra
Kalyan Janata Sahakari Bank Education Loan FAQsEducation Loan Document Required
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