Nainital Bank Gyani Education Loan

Features of Gyani Education Loan 

The following are the key features of Gyani Education Loan offered by Nainital Bank: 

1. Borrower need not to pay any processing fee for loan amount up to Rs.10 lakh 
2. Female students can avail themselves of concessional interest rate 

1. Loan amounts up to Rs.4 lakh will be available without any security 
2. Repayment amount for loan amount of Rs.7.5 lakh and above is 10 years and 15 years respectively 
3. Depending upon collateral security coverage, concession of 0.25% to 0.50% will be provided 
4. The wards of Bank’s staff members can avail themselves of concession of 0.25% in interest 

Additional Information on Nainital Bank Education Loan

The following are the vital details related to Gyani Education Loan offered by Nainital Bank Ltd: 

Documents Required to Apply for Gyani Education Loan 

The following are the vital documents required to apply for Gyani education loan at Nainital Bank: 

1. Proof of admission, such as course details, admission letter, and prospectus 
2. Proof of residential address, such as voter ID, passport, landline telephone bill, electricity bill, etc. 

1. Proof of identification, such as PAN card, Aadhar card, electoral I-card, driving license, passport, etc. 
2. Proof of academic records, such as mark sheets and certificates 
3. Affidavit confirming that no other education loan has been availed from other bank 
4. Dully filled application form consisting of all the details of applicant, guarantor, and family with signature of applicant and guarantor 
5. Two copies of passport sized photographs of students, applicants, and guarantor 

1. Copy of PAN card of the students to be submitted during admission 
2. Self-attested copy of passport along with self-attested form issued by the institute 
3. Employment or business proof, income details, address, signature, and age of the co-borrower 

Courses Eligible for Nainital Bank Education Loan

The following are the courses eligible under Nainital Bank Gyani Education Loan: 

1. Study programmes, such as CWA, CA, CS, CFA, and others 
2. Courses offered by IIT, IIM, XLRI, IISc, NIFT, NID, etc. 
3. Government-approved professional courses, such as AICTE, UGC, AIBMS, ICMR, etc. 
4. Applicable courses are law, dental, management, medical, agriculture, veterinary, architecture, computer, etc. 
5. Courses offered by eligible private institutions or national institutions 

1. Institutes offering courses and certification on computer 
2. Technical or job-oriented courses offered at foreign universities 

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