Student Education Loan

Students whose parents or co-applicant's income is above Rs. 3.60 Lacs can apply for the education loan. Additionally, their CIBIL. Report should not reflect any OTS (One Time Settlement), loan settlements, or NPA (Non-Performing Asset)

Education Loan without Collateral up to 20 Lacs.

Online mode for ICICI Bank and Offline Mode for Axis Bank, and Online Mode for Propelled NBFC.

Yes, with ICICI Bank and Propelled NBFC.

Per annum 12% to 16% (Interest will be decided as per co applicant CIBIL Score) & yes it's a Simple Interest.

Interest payment will start immediately after the disbursement of 1st-year fee on the disbursed amount, and EMI with interest will start after course completion with a six month moratorium.

Yes

ICICI Bank Ltd, Axis Bank, and Propelled NBFC.

Your parents and your CBIL score go negative. You and the co-applicant will not be able to take a loan from another bank in the future if you default on loan repayment.

You will start repaying your loan after six months of course completion or placement, whichever is earlier.

As per the course fee.

No.

Only to the student and their parents or co applicant.

• For Salaried Individuals:
  Salary Slip (latest Three Months) | Six-month Bank Statement | PAN Card & Aadhar Card (Student and Co Applicant). of Permanent Address (Ration Card, Electricity Bill, Voter ID, Telephone Bill). Proof Admission letter with all fee details | Self Attested Photocopy of 10th and 12th and Graduation marksheet

• For Businessmen:
  Three years ITR with Computation of Income | Six-month Bank Statement | Self Attested Photocopy of 10th and 12th and Graduation marksheet PAN Card & Aadhar Card (Student and Co Applicant) | Admission letter with all fee details Proof of Permanent Address (Ration Card, Electricity Bill, Voter ID, Telephone Bill).

• For Farmers:
  Three years ITR with Computation of income, if filled by the farmer | Six-month Bank Statement Admission letter with all fee details PAN Card & Aadhar Card (Student and Co Applicant) | Land records photocopy for verification (Jamabandi, Khatuni etc.) Proof of Permanent Address (Ration Card, Electricity Bill, Voter ID, Telephone Bill) Self Attested Photocopy of 10th and 12th and Graduation marksheet

Yes, as per the University or Government Scholarship Policy.

Yes

Yes, the bank needs a co-applicant with a good CIBIL, score for loan approval.

LTSU has an exclusive agreement with banks to provide education loans to all students if their parents' family income is good and all documents are Complete as per the bank's terms and conditions.

Yes, students can apply for a loan from their own sources. LTSU has an agreement to provide loan assistance to all students through the university's banking partners.