Education Loan

Education Loan

Education, we all know, is the undeniable thing and has to be done at the right time. The education pursued may earn you a lot more than you have paid off. Hence, the education loan by Ahmednagar Merchant's Co-op Bank Ltd is at a minimal rate.

At just 12% interest, Ahmednagar Merchant's Co-op Bank Ltd provides education loans for the students on whom we believe, they all pay back to the nation. Together we will raise and together we will grow to the heights of glory.

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Documents Requirement for Loan Proposal

Common documents for application:
  • Loan Application
  • CIBIL report & No Dues Certificate
  • Our bank account details
  • Other Bank Loan details with sanction letter & latest 6 month Account Statement ( if applicable)
Type of collateral security taken by the bank
  • Property : N.A. Plot / Building Fresh 7*12 Extract , Sale deed Lease Agreement (if applicable)
  • Latest Share Demat holding statement
  • Fix Deposit Receipt (only AMC Bank)
  • Latest L.I.C. Surrender Value (only Life Insurance Corp.)
Student Document's:
  • Photo , Pan Card & Aadhar Card
  • School Leaving Certificate
  • 10th,12th,Degree Certificate
  • College admission letter
  • College Fee letter / Structure
  • GRE,GMAT,TOFFEl Exam. Certificate (if applicable)
  • Age Domicile Certificate
  • VISA copy (if applicable)
Guarantor Document's
  • Photo , Pan Card & Aadhar Card
  • Business / Registered Office Address Proof
  • Shop Act/SSI Regi. & Udyam Regi. Certificate
  • Latest 2 year Financial statement with schedule
  • Latest 2 year ITR With Computation of Income
  • 3 month pay slip (if applicable)
  • Latest Salary pay slip in bank format (if applicable)
Document's of two Guarantor
  • Photo , Pan Card & Aadhar Card
  • Business Address Proof
  • Shop Act/SSI Regi. & Udyam Regi. Certificate
  • Latest 2 year Financial statement with schedule
  • Latest 2 year ITR With Computation of Income
  • Latest 2 year Form no. 16 (if applicable)
  • Latest 3 month pay slip (if applicable)
  • Latest Salary pay slip in bank format (if applicable)

Financial papers should be attested by CA / Tax Consultants & all other papers should be self attested *