Future Counselor

EDUCATION LOAN

We at Future Counselors help students to avail Education Loan from various Nationalized Government, NBFC’s and Private Banks in India. The Education Loan covers - Tuition Fees, Living expenses - Accommodation and food expenses, cost of books, local travel etc. Overseas Education Loan interest rates vary from 9% to 14% depending on the kind of financial institution. Rate of interest at Nationalized Banks is usually 1% to 2.5% lower than Private Banks and NBFCs.


EDUCATION LOAN DETAILS


Loan Upto INR 4 Lakhs - NO COLLATERAL SECURITY

INR 4 Lakhs to INR 7.5 Lakhs - Security in the form of third Party Guarantee

Loan Above INR 7.5 Lakhs - Collateral Securiy of Clear Title Immovable Property


DOCUMENTS REQUIRED FOR EDUCATION LOAN


Documents of the Applicant :

  1. 1. Duly filled in Education Loan Application Form
  2. 2. Offer Letter /Admission Acceptance Letter from University/College
  3. 3. Brochure of college/ Institution with Living expense detail
  4. 4. Statement of cost of study / Schedule of expenses for the entire duration of the course
  5. 5. Receipt of Tuition fees paid to the University (If any)
  6. 6. Academic Documents :
    • 10th & 12th Mark sheets with Diploma Certificate (If any)
    • Mark sheets of Graduation along with Provisional / Degree Certificate
    • Standardized Test Scores as applicable (GRE / IELTS / TOEFL / PTE / GMAT / ACT / SAT)
    • Work Experience Certificate (If any - Also Attach IT Returns as well)
  7. Photocopy of the first and the last page of the Passport
  8. Photocopy of PAN Card and AADHAR Card
  9. Photocopy of Student Travel Permit & Air Ticket (At the time of Disbursement)

Documents of Co-Applicant :

  1. In case of Salaried Persons
    • Income Tax Returns and Form No. 16 of last 2 years
    • Salary slips of last 3 months
    • Appointment / Promotion Letter along with copy of Employee Identity Card
    • Bank Account Statement of last 6 months (Salary / Personal Account)
  2. In case of Business Person
    • Income Tax Returns, Balance Sheet, Profit & Loss Account, Computation of Income of last 2 years
    • Bank Account Statement of last 6 months (Personal and Business Account)
    • Business Proof – Registration Certificate / GST Registration Certificate
  3. In Case of Retired Person
    • All KYC doc and ITR if available
  4. In case of Agricultural Income
    • Income Certificate for the last 2 years issued by Tahsildar / Mandal Revenue Officer / A Revenue Department Officer having State Level Gazetted rank
  5. Photocopy of PAN Card and AADHAR Card of the co-applicant
  6. Documents related to Collateral Security
    • All Chain of document of property from beginning and all chain should be fully registered
    • Occupancy certificate, Share Certificate, Latest Property tax with property docs.