Education Loan

Sabarkantha District Central Co-operative Bank provides an *Education Loan* to support students who want to pursue education in India or abroad. This loan is aimed at assisting rural and local students financially so that they can continue their studies without monetary constraint.

Key Features

► Purpose of Loan

The loan is intended to cover educational expenses such as:

♦  Tuition fees
♦  College/university charges
♦  Examination fees
♦  Hostel & mess charges
♦  Books, equipment, etc.

► Eligibility Criteria

♦  Indian nationals admitted to recognized courses in India or abroad.
♦  Courses recognized by state governments, universities, professional councils, etc.
♦  Covers various levels of education including higher secondary to Ph.D. (but not nursery, primary, or correspondence courses).

► Loan Amount

♦  The *quantum of loan* depends on the actual cost of education and the bank’s assessment of financial need.
♦  It typically covers fees and other essential expenses.

► Security

♦  Requires *one co-obligant (co-applicant)* and *two personal sureties* acceptable to the bank. 

How It Works

Application & Documentation

While detailed forms and document lists are available for download on the bank’s website (Education Loan forms), specific documentation requirements typically include:

1. Admission/offer letter
2. Identity & address proofs
3. Academic records
4. Income proof of parents/guardian
5. Co-applicant/surety details
(Exact list should be confirmed with the branch clerk at time of application.)