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|
|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 )