Education Loan
Bank educational loans to all categories of students are offered for pursuing higher education in various fields. All the banks provide this facility under the directions of Reserve Bank of India. Because the students face difficulties in getting these loans, Sankalp has made special arrangements with following banks to deal with cases of Aryans students on priority basis. This facility is also a big help for the needy students.
Allahabad Bank
Sankalp Group Of Colleges has tied-up with Allahabad Bank for educational loan support for such students who want to avail this facility and take admission in Sankalp Campus. This facility is being provided for the benefit of the students, we will not be held responsible for any objection raised by the bank while processing the loan application.
Educational Loan Scheme of Allahabad Bank
- Eligible to Indian National securing admission in professional/technical courses. through merit/entrance selection process and having Allahabad Bank branch within 10 kms of domicile (for urban centre) and 15 kms (for rural centre) depending on the individual merit of the students and subject to fulfillment of terms & conditions applicable to education loan scheme of the bank.
- Quantum up to Rs. 10 lakhs for courses in India.
- Up to Rs. 4 lakhs nil margin & nil security.
- Repayment period 5-7 years.
- 1.00% interest concession if interest is served during the repayment holiday period.
- Students can apply on-line through website. www.allahabadbank.in
Papers/ Documents Required
- Dully filled loan application form along with statement of asset liability.
- Income proof of parents/guardian/guarantor.
- Copy of seat allotment letter.
- Copy of fee structure and schedule of payment.
- Affiliation letter of university/College.
- Certificate of last attended college/ school qualifying exam mark sheet.
****Educational Loan facility from all other nationalized and private banks is also available as per RBI guidelines.
Insurance Policy Sankalp Group Of Colleges has collaborated with Tata AIG General Insurance to extend Group Personal Accident Insurance to the students studying in Sankalp Group Of Colleges. Policy Comment :- The students, one earning parent of each student are covered.
State Bank of India
Sankalp Group Of Colleges has tied-up with Allahabad Bank for educational loan support for such students who want to avail this facility and take admission in Sankalp Campus. This facility is being provided for the benefit of the students, we will not be held responsible for any objection raised by the bank while processing the loan application.
Educational Loan Scheme of SBI Bank
- Graduation, Post-graduation including regular technical and professional Degree/Diploma courses. conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt. etc
- Regular Degree/ Diploma Courses conducted by autonomous institutions like IIT, IIM etc
- Teacher training/ Nursing courses approved by Central government or the State Government
- Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping etc. approved by Director General of Civil Aviation/Shipping
- Vocational Training and Skill Development Study Courses will not be covered under the regular Education Loan Schemes. A separate scheme for 'Loans for Vocational Education and Training' has been launched which covers financing for such Vocational courses
Papers/ Documents 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
- PAN Card of the student and the Parent/ Guardian
- Borrower's Bank account statement for the last six months
- Income tax Returns/ IT assessment order, of last 2 yrs (If IT Payee)
- Brief statement of assets and liabilities, of the Co-borrower
- Proof of Income (i.e. Salary slips/ Form 16 etc. if applicable)
Union Bank
Sankalp Group Of Colleges has tied-up with Union Bank for educational loan support for such students who want to avail this facility and take admission in Sankalp Campus. This facility is being provided for the benefit of the students, we will not be held responsible for any objection raised by the bank while processing the loan application.
Educational Loan Scheme of Union Bank
- Eligible to Indian National securing admission in professional/technical courses. through merit/entrance selection process and having Union Bank branch within 10 kms of domicile (for urban centre) and 15 kms (for rural centre) depending on the individual merit of the students and subject to fulfillment of terms & conditions applicable to education loan scheme of the bank.
- Quantum up to Rs. 10 lakhs for courses in India.
- Up to Rs. 4 lakhs nil margin & nil security.
- Repayment period 5-7 years.
- 1.00% interest concession if interest is served during the repayment holiday period.
Papers/ Documents Required
- Dully filled loan application form along with statement of asset liability.
- Income proof of parents/guardian/guarantor.
- Copy of seat allotment letter.
- Copy of fee structure and schedule of payment.
- Affiliation letter of university/College.
- Certificate of last attended college/ school qualifying exam mark sheet.
IDBI Bank
Sankalp Group Of Colleges has tied-up withIDBI Bank for educational loan support for such students who want to avail this facility and take admission in Sankalp Campus. This facility is being provided for the benefit of the students, we will not be held responsible for any objection raised by the bank while processing the loan application.
Educational Loan Scheme of IDBI
- Graduation, Post-graduation including regular technical and professional Degree/Diploma courses. conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt. etc
- Regular Degree/ Diploma Courses conducted by autonomous institutions like IIT, IIM etc
- Teacher training/ Nursing courses approved by Central government or the State Government
- Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping etc. approved by Director General of Civil Aviation/Shipping
- Vocational Training and Skill Development Study Courses will not be covered under the regular Education Loan Schemes. A separate scheme for 'Loans for Vocational Education and Training' has been launched which covers financing for such Vocational courses
Papers/ Documents 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
- PAN Card of the student and the Parent/ Guardian
- Borrower's Bank account statement for the last six months
- Income tax Returns/ IT assessment order, of last 2 yrs (If IT Payee)
- Brief statement of assets and liabilities, of the Co-borrower
- Proof of Income (i.e. Salary slips/ Form 16 etc. if applicable)
Bank of India
SANKALP Group Of Colleges has tied-up with Bank Of India for educational loan support for such students who want to avail this facility and take admission in Sankalp Campus. This facility is being provided for the benefit of the students, we will not be held responsible for any objection raised by the bank while processing the loan application.
Educational Loan Scheme of Bank Of India
- Should be an Indian National;
- Secured admission to professional/technical courses in India or Abroad through Entrance Test/Merit based selection process.
- Good academic career.
- The student should not have outstanding education loan from any other Institution.
- Father/Mother should be co-borrower.
- Branch nearest to the permanent residence of student will consider the loan.
Expenses Considered For Loan
- Fee payable to college/school/hostel*
- Examination/Library/Laboratory fee.
- Purchase of books/equipment's/instruments/uniforms.
- Caution deposit/building fund/refundable deposit supported by Institution bills/receipts.
- Travel expenses/passage money for studies abroad.
- Purchase of computers - essential for completion of the course.
- Insurance cover for the student.