NRBC Bank Education Loan

NRBC Bank Education Loan

Interest Calculation

You may dream to study in renowned and top ranked educational institutions abroad to keep you one step ahead in the competitive world. Once you have decided from where to pursue your education abroad, the most difficult part comes to your mind arranging and managing the funds. A majority of the foreign educational institutions require solvency certificate / document which you need to submit. NRBC Education Loans are designed to meet such solvency requirements for meritorious students. With high loan amount, hassle free application and competitive rates of NRBC Education loan, you will never be far away from making your dreams come true.

Terms and conditions

  •   Loan will be sanctioned in the name of parent/guardian/sponsor
  •   Long repayment tenure upto 2 years
  •   Financing amount ranging from 5 lac to maximum 20 lac
  •   Disbursement in savings account with the bank
  •   Loan will be sanctioned after the confirmation from the foreign institute
  •   Option to avail pre-paid student card

Benefits

  •  1. Financial assistance in form of bank solvency for higher education abroad
  •  2. Financial assistance in form of bank solvency for higher education abroad
  •  3. Partial settlement is allowed without fee
  •  4. Quick processing and easy documentation
  •  5. Attractive and competitive rates & charges
  •  6. Pre-paid student card to meet expenditure and pay tuition fees abroad

Processing Fee

  •  1 Processing Fee: 1% of loan amount + VAT
  •  2 Penal Rate: 2.00% monthly on overdue amount
  •  3 Early Settlement Fee: 1% on outstanding amount for full settlement

Mandatory documents

Filled application form

Passport size photographs of the applicant and the co-applicant

Photo ID of the applicant and the co-applicant

Academic documents; Mark sheets, Certificates of the student

Offer/Acceptance Letter from College/University

Valid Passport with VISA for the student

Utility bill of residence address

Income documents of parent/sponsor (Salary letter, Audited balance sheet, rental agreement, bank statement etc.)

TIN certificate for parents/sponsor