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National Toll Free No1800 425 00 000

IB – Bala Vidya Scheme

IB – Bala Vidya Scheme

Eligibility Salaried class / Employees in Public Sector/Reputed Companies / Professional /Self-employed with minimum 3 years of satisfactorily operated SB account with our Branch.
Purpose To meet the cost of admission fees and term fees, cost of books, uniforms, computer fees, transportation cost (if provided by the School) and duly certified by the respective School Authority on yearly basis for LKG to Standard XII in any recognised School /Govt. aided Schools / approved by the Board of Education.

Bonafide student Certificate from the School where the student is studying to be produced.

Donation / Capitation Fee is not eligible.

Quantum of Loan Actual expenses – Maximum of Rs.30,000/- per family
Margin 5%
Rate of Interest Please refer to the Lending Rates link on home page of our Bank’s Website
Processing fee Rs. 300/- per application
Repayment 10 EMIs to commence from the next month of disbursement.
Security Employer’s sponsorship/ Salary Account with our Bank/Authorisation to debit SB a/c/Post Dated Cheques
Documents to be obtained

Declaration stating that no loan is availed from any other Bank for similar purpose, to be obtained from the parents.

Post Dated Cheques

Letter from the School with details of School fee structure.

Salary Certificate / IT Returns / Employers’ undertaking

Guarantee from spouse.

( Last modified on Apr 05, 2019 at 02:04:41 PM )