Student Loans by Centurion Bank of Punjab

Student Loans by Centurion Bank of Punjab

Eligibility
You are eligible if you
 

• Are a resident of India.
• Have an offer / admission letter / are bonafide student of a college / university in India or abroad.

 
Expenses Covered

The following expenses can be claimed under the scheme

• Admission / Tuition fee to be payable to College / University / Institution.
• Air fare / Travel Expenses.
• Boarding and Lodging expenses.
• Books and Stationery expenses.
• Instruments / equipment / computer expenses required for the course undertaken.
• Examination / Library / Laboratory fee.
• Any other expense required to complete the course - like study tours, project work, thesis, etc.

 

 

Rate of Interest
As applicable from time to time.
 
Repayment Plan
Repayment of loan starts after studying & moratorium* period and can go up to a maximum of 7 years.
* Moratorium period is a max. of 6 months after course completion or one month after getting a job whichever is earlier.
 
Documents Required

The following papers/documents should accompany the Application Form to be executed by both the students and the parents/guardians.

• Documents required from both the student / co-applicant.   Identity Proof : Copy of Passport / Driving License / Voters Identity Card / Income Tax Pan Card.
• Residence Proof : Copy of Passport / Driving License / Voters Identity Card / Utility Bills
• Age Proof : Copy of Passport / Driving License / Income Tax Pan Card / Birth Certificate.
• Signature Verification.
• One Singed Photograph ( On the face).

Abroad

• Offer / Admission / Bonafide student letter from the university / college in India or Abroad.
• Cost of the Course (including living).
• Copy of last examination passed result.
• Copy of Passport in case of study abroad.

Documents required from the co-applicant

• Income Proof: Form 16 or Income tax returns for the last two years.
• Collateral Security Papers ( if any).
• Any other document / information as needed by Bank, depending upon the case and purpose of loan.

 
NOTE:
1. All loans are at the sole discretion of Centurion Bank of Punjab Ltd.
2. Repayment of Loan through Post Dated Cheques (PDCs).