| Institute Name |
Sharda Group Of Institutions |
Loan Amount |
Minimum Rs 50,000 Max Of Rs. 15 Lakhs |
Margin |
10% |
Security |
No Collateral Required upyo the Loan amount Of Rs 7.5 Lakhs |
Interest |
Special Rate of 13% pa. |
Moratorium Period
Repayment Period |
>Moratorium facility will be given to Management / /Architech/Medical/Engineer Courses Only.
Repayment is available for 24,36,48 Months respectively.
|
EMI Per Lakh per months |
12 months-8,932, 24 months-4,754, 36 months-3,369 |
Processing charges |
1% |
Prepayment charges |
4% of the outstanding amount.
>No part prepayment possible |
Co Borrower |
Mandatory –Parent/Brother/Sister & Spouse and the income document of the co applicant will be of primary consideration and must meet the required bank policy. |
Documentation |
- Letter from the institute confirming the borrowers admission to the course.
- Letter from the institute detailing the fee structure and payment schedule.
- All mark sheets from SSC/10 th Std of the borrower.
- Applicant and co –applicant loan application Forms(with Photographs) to be submitted.
- Income proof of co-applicant.
- Address proof (for Permanent Address): Telephone Bill/Electricity Bill/Gas Bill/Ration Card/Passport/Voter`s ID Card/Driving Licencse.Verification will be conducted at this address.
- Loan Agreement.
- One non Dated security cherub for the entire loan amount from the HDFC Bank account.
- Standing Instruction from the customers to debit the HDFC Bank a/c for the EMI payble.
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