A student loan is a type of loan that is designed to help students pay for related fees like post -secondary education and tuition, books and supply and life costs. It may be different from other types of loans, in fact that interest rates may be significantly lower and the payment schedule may be postponed when the student is still in school.
City Bank is a foreign sector bank in India with total assets of 222 crore. It is headquartered in New York. It has 45 branches and total assets of 222700 ATMs across India. It offers all financial services to its customers such as savings deposit, fixed deposit, recurring deposit, home loan, personal loan, car loan, car loan, education loan, gold loan, PPF account, locker, net banking, mobile banking, RTGS, NEFT, Imps, E-WET Late, Atal Pension Scheme, Minister Mantra Jandan Yojana, Minister Mantra Protection Bima Yojana, Minister Mantra Jivan Jyoti Bima Yojana and many more.
Interest Rate
| Interest Rate | Contact to Bank branch |
| Loan Tenure | Contact Bank Branch |
| Processing fee | As decided by the bank from time to time |
| Guarantor Required | Please Contact Bank Branch |
| Pre Closure Charges | As decided by the bank from time to time |
Eligibility courses for education loan
- Bachelors, Post Graduate, Diploma and University Grant Commission, All India Council for Technical Education (AICTE) and Indian Medical Research, Professional courses accredited by the Government of India.
- Job -oriented professional or technical courses of reputable educational institutions abroad.
- Recognized the government or professional or skill development courses.
- Courses conducted by IIM, IIT, IISC, XLRI, NIFT, etc.
- Courses offered in India by reputable foreign universities.
- Other courses leading to diploma/ degree, etc. are allowed by the UGC/ Government.
Education Loan required documents
- Duly filled up and signed education loan application form along with photographs
- KYC (Know Your Customer)documents
- Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
- Latest salary slip showing all deductions or Form 16 along with recent salary certificate
- Proof of residence – Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
- Bank Statement or Bank Pass Book of having entries of last 6 months
- Guarantor Form, Copy of admission letter or the Institute along with Fees schedule (Optional)
- Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses (Optional)
- Detailed break-up of the costs of the course (Optional)
