Education Loan

The Mandal Nagrik Sahkari Bank Ltd, we believe that education is the key to a brighter future. To support your aspirations and help you pursue higher studies without financial worries, we offer customized Education Loans with attractive terms and easy repayment options.

Key Features:

♦ Loan Amount: Up to ₹XX,XX,XXX* based on the course and institution

♦ Flexible Tenure: Repayment period extending up to 10 years post course completion

♦ Competitive Interest Rates: Affordable rates to ease your financial burden

♦ Wide Coverage: Loans for studies in India and abroad, including tuition fees, accommodation, travel, and other related expenses

♦ Minimal Documentation: Simplified process with quick approvals

♦ Moratorium Period: Repayment can begin after course completion, giving you time to stabilize financially

♦ Co-applicant Facility: Parents/Guardians or spouse can co-apply to improve loan eligibility

Eligibility:

♦ Indian nationals admitted to recognized educational institutions in India or abroad

♦ Students pursuing undergraduate, postgraduate, professional, or vocational courses

♦ Co-applicant (usually parent/guardian) should have a steady source of income

Documents Required:

♦ Admission proof from the educational institution

♦ Identity and address proof of applicant and co-applicant

♦ Income proof of co-applicant (salary slips, bank statements, IT returns)

♦ Fee structure and course details from the institution