Free Education loan eligibility check.
Free of cost profile evaluation for the student and parent.
Free of cost admission counselling.
1.With collateral security like mortgage of house or liquid assets
2.Without collateral security, based on income of family and academic background of the student
3.Partial collateral security education loan
4.International currency loans
5.Education loans of executive MBA based on individual income.
1.Income deduction and rebate u/s 80E can be claimed on Interest paid with no upper cap
2.No prepayment and foreclosure charges or penalties
3.Tax collected at source (TCS) benefits for foreign remittance under education loan. As its only 0.5% tax charges on student loans compared 20% tax in general transactions.
4.Education loan always considered to be the best contingency plan.
5.Creates a good repayment track history for the student, while he/she studying and parents are paying simple interest.
6.Compounded EMI starts only after completion of the course and grace period
7.Priorities in getting visa: The Education loan letter is an important tool to get timely visa.
8.The interest on the education loan is only charged to the amount withdrawn or utilised for study purpose, but not on full sanction value.
1.Tuition fees
2.Travel and University health insurance charges
3.Living expenses both off and on-campus
4.Flight charges
5.Stationary expenses, laptop purchase expenses etc
1.Parents
2.Siblings (brother and sister)
3.Any blood relatives
4.Spouse
5.Grand Parents
1.Vidya Link has team of ex-bankers and Industry experts with vast 15 years of work experience, who will attend your calls and will answer your queries
2.Team Vidya Link works under a strict compliance where the documentation is only shared with the consent of the client
3.We provide customised and unbiased opinions based on facts, figures and need of the hour situation
4.Black and white dealing on email
5.We make coordination easy
6.Right choice of bank, and product with no hidden charges
7.Seamless coordination with our lending partners/banks with dedicated relationship managers
8.Post-disbursement services are also covered
1. Student Document:
- Passport size photograph
- Passport copy
- GRE/GMAT/IELTS/ TOEFL or any other entrance exam score sheet.
- 10th, 12th and all semester/year graduation mark sheets and transcript
- Admit letter copy, I-20/Cost sheet/GIC letter and Visa copy (as in when it comes)
- Experience letter/Latest 3 month salary slip with 6 month banking, if any.
2. Co-borrower/Co-applicant documents:
- Passport size photograph
- Pan card copy
- Aadhar card, Passport copy/ Voter’s ID for address proof
- Latest Electricity bill for ownership proof, Rent agreement copy if rented.
- Proof of loans if any, with statement of account and sanction letter copy
3. Income documents of Co-borrower/Co-applicant:
a) If Salaried:
- Latest 3-month salary slip
- Form no. 16 of latest 2 years
- Bank statement for latest 6 months having salary reflection
- Repayments track record statement (in case of any outstanding loan)
b) If Self-employed:
- Latest 2 years ITR copy with Computation of Income, P& L account and balance sheet
- Latest 1-year Current Bank A/C for the primary business accounts (in case of multiple bank accounts - updated copies of all the relevant bank accounts)
- Latest 1-year Savings Bank A/c (in case of multiple accounts - updated copies of all the relevant bank accounts)
- Shop establishment certificate or Gumasta Licence or Aadhar Udyam for business proof, GST certificate if any.
- 3CB & 3CD to be collected for Professionals with turnover more than 15 lacs and for others whose turnover is more than 60 Lacs.
- Last 2 years Audited Financials of the Company with Computation of Income, P& L account and all schedules in case of Pvt. Ltd. Co.
Additional documents in case, where Co-applicants as Directors/Promoters/major Stakeholders for Pvt. Ltd. Companies
- Article and Memorandum of Association AOA / MOA
- Shareholding pattern certified by CA
1) Sale Agreement, Commencement certificate, Latest 7/12 extract, Chain Agreement required if applicable, Index 2 copy, Development agreement copy
2) Occupancy/BU Certificate (BU/OC), Completion Certificate (CC), Sanctioned Approved Plan, Allotment letter
3) Latest maintenance paid copy, Property card if applicable.
4) Share certificate both side and Society registration certificate.
5) Registration Receipt,
6) Utility bill of captioned property. (latest electricity bill)
7) Society NOC. (Bank format)
8) NA permission