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Education Loan

Uttarakhand Gramin Bank provides education Loan to eligible students for pursuing higher education in India or abroad.

Eligible

  • Should be an Indian citizen.
  • Should have selected for the relevant course duly recognizes.
  • Got admission in accredited university or institution in India/abroad.
  • Parents/Guarantor/Guardian should have house in Uttarakhand.

Eligible Courses

  • Business courses -Engineering, Medical, Agriculture, Dental & Computer Management.
  • Graduation Courses- BBA / BCA.
  • Post Graduate Courses - MBA / MCA.
  • C.A. / ICWA / CFA.
  • Courses from IIM/ IIT/ IIMC/ XLRI/ NIFT etc.
  • Diploma Courses from UGC / AICTE/ AIBMS/ ICMR University.
  • Other Management and Engineering courses from Pvt. and Govt. Affiliated Institutes.
  • Courses from CIMA (London), CPA (USA).

Expenses which can be covered in the Scheme

  • Hostel Fees.
  • Examination/Library/Lab. Fees.
  • Expenses for purchase of Books/Instruments/Uniform.
  • Travelling Expenses to travel abroad.
  • To purchase laptop/computer.
  • Any other expense which is necessary for the completion of the course as project /Research Work/study tour, etc.

Loan Limit

  • Maximum Loan in India Rs.10,00,000/-.
  • Maximum loan in Abroad Rs.20, 00,000/-.

Margin

In India

  • Up to Rs.4.00 Lacs Nil.
  • Above Rs.4.00 Lacs - 5%

Abroad

  • Margin Up to Rs.4.00 Lacs Nil.
  • Above Rs.4.00 Lacs - 15%

Essentials Documents

Documents to be obtained For Salaried Individuals:

  • Mark sheet of the Last eligibility examination passed.
  • If the student is receiving the scholarship the letter in this regard.
  • Details and full particulars of the course.
  • Proof of selection/admission for the course.
  • Details and particulars of the expenses to be incurred for the course.
  • Permission for the foreign currency (in case of Education Loan -abroad).
  • Statement of Bank account of the borrower for last 6 months
  • Proof of Identity :- ( any one of the following)- Photocopy of Passport/PAN Card/Voters ID card/Driving License etc.
  • 2 passport size photographs of borrower
  • Address Proof :- (any one of the following) - Ration card/Driving License/Voters ID Card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance policy/PAN Card.
  • I.T. Returns/Salary Statement/ Forms 16 for the last 2 years of guardian.
  • Details of Last 7 Year employment.
  • Opinion Report

For Self Employed Professionals, Proprietary/Partnership firms & Businessman

  • Income Proof: - Latest ITR for 3 years.
  • Address Proof:- (any one of the following)- Ration card/Driving License/Voters ID Card/Passport Copy/Telephone Bill/Electricity Bill/Life Insurance policy/PAN Card.
  • Opinion Report


For more details please contact to nearest Branch's Branch Manager