Margsheet Loan Of Global Bank Finance

A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured. 
Eligible Courses 
All courses having employment prospects are eligible. 
Graduation courses/ Post graduation courses/ Professional courses 
Other courses approved by UGC/Government/AICTE etc.

Expenses considered for loan 

Fees payable to college/school/hostel 
Examination/Library/Laboratory fees 
Purchase of Books/Equipment/Instruments/Uniforms 
Caution Deposit/Building Fund/Refundable Deposit 
Travel Expenses/Passage money for studies abroad 
Purchase of computers considered necessary for completion of course 
Cost of a Two-wheeler upto Rs. 50,000/- 
Any other expenses required to complete the course like study tours, project work etc.

Amount of Loan 

For studies in India, upto 50 lac

Repayment Tenure 

Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier. The loan is to be repaid in 5-7 years after commencement of repayment.

Documentation Required 

Completed Education Loan Application Form. 
Mark sheets of last qualifying examination 
Proof of admission scholarship, studentship etc 
Schedule of expenses for the specified course 
2 passport size photographs 
Borrower's Bank account statement for the last six months 
Income tax assessment order, of last 2 years 
Brief statement of assets and liabilities, of the Co-borrower 
Proof of Income (i.e. Salary slips/ Form 16 etc)