Guidelines to get Educational Loan Scheme

The Educational Loan Scheme is to provide financial support from the banking system to meritorious students for pursuing higher education in India and abroad. No need of any surety up to Rupees 4 Lakhs and parents need to be add as joint borrower. Simple interest to be charged during the study period and up to commencement of repayment.

Guidelines to get Education Loan scheme from Nationalized Banks:

1.      Applications will be received either directly at bank branches or through on-line mode 
2.       Fill the application for m and enclose the below documents 
3.       Documents to be enclosed with application form:

a.       Photocopy of 10th Std Mark sheet

b.      Photocopy of 12th Std Mark sheet

c.       Photocopy of admission card

d.      College fees structure

e.      Bonafide certificate

4.  Upon receipt of application, standard acknowledgement giving a reference number will be issued.

5.    The acknowledgement will contain contact details of the bank official who, could be contacted in case of delay in disposal of application
6.    Normally, sanction/rejection will be communicated within 15-30 days of  receipt duly completed application with supporting documents. 
7. Rejection of loan application, if any, shall be done with the concurrence of the controlling authority of the branch concerned and conveyed to the student stating reason for rejection 
8.  If the respective Bank Manager refused to give the details for rejection, Please proceed with complaint to respective Bank Divisional Manager and respective Bank State Head office.

If your complaint didn't get address and any other delay on above process, V R Volunteers group are happy to help you.

Reach us the below volunteers for any queries,

Jai Ganesh: 9791050514,

Sureshkumar: 9843677487,

Rajeshkanna: 9884244483.