Bank of Maharashtra Education Loan

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All About Bank of Maharashtra Education Loan

Availing higher education in India has gone beyond common man’s pocket. If you are also dreaming of pursuing higher studies from a good institution, you need money and the required caliber. Education Loan helps students to get enough money to cover their expenses. With the help of Education Loan, you can avail finance to pursue your higher studies. 

Bank of Maharashtra provides education loans for all Graduate, Post-Graduate, Engineering, Medical, MBA, Vocational Courses (Multi-Media, ERP) offered by recognized Institutions in India.

Avail the Best Bank of Maharashtra Education Loan at lowest interest rates. Check eligibility and documents required. Avail doorstep services.

Apply For Education Loan

Bank of Maharashtra Education Loan Features And Benefits:

  1. 100% Finance
  2. Maximum Loan Amount without any Limit
  3. Loan Approval in 4 days
  4. Unsecured Lending
  5. Flexible Repayment Options
  6. Simple and Hassle-free Process
  7. Add Multi Co-borrowers to your loan
  8. Get benefits on GRE score card
  9. Avail Doorstep Services

Bank of Maharashtra Education Loan

Education Loan Eligibility Criteria:

  1. Applicant must be an Indian Resident.
  2. Minimum Age Criteria – 18 years
  3. An earining co-applicant must be there
  4. Secured Admisision Proof is mandatory

The Documents required are:

CATEGORY

 MAIN APPLICANT (STUDENT) 

 KYC (KNOW YOUR CUSTOMER)

AGE PROOF

SIGNATURE PROOF

IDENTITY PROOF

RESIDENCE PROOF

INCOME DOCUMENTS OF CO-APPLICANT

SALARIED

Last 2 Salary Slips carrying date of joining details

Last 6 Months Bank Statement of the Salary Account.

SELF-EMPLOYED

Latest 2 Year ITR with Computation of Income

Latest 2 Years Audited Balance Sheet

Latest 6 Months Bank Statement

Evidence of Turnover (Last Sales / Service Tax Return)

SELF-EMPLOYED PROFESSIONALS

Last 2 Year Income Tax Return with Computation of Income

Last 2 Yrs Audited Balance Sheet / P& L

Latest 6 Months Bank Statement

Proof of Qualification

Education Loan Fees And Charges 

INTEREST RATES: 9.33% to 12.50%

DESCRIPTION OF CHARGES

EDUCATION LOANS

Loan Processing Charges

 Up to a maximum 2% of the loan amount

 Prepayment (up to 6 months of repayment)

No pre-payment permitted

Leading Education Loan Providers (Click to Apply)
HDFC Bank Education Loan BOI Education Loan ICICI Bank Education Loan Other Banks


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