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Education Loan New Schemes
 
 
Personal Advances / Adhyapak Suvidha Scheme
 
Purpose General purpose loan
Eligibility All serving teachers of Central / State government / Educational institutions and also teachers of Government recognised / and private educational institutions
Minimum Income Net monthly income of Rs.3000/-
Loan amount Minimum : Rs.24,000/-
Maximum: 18 months net monthly income, net of all deductions or Rs. 3.00 lacs whichever is lower.
Security Check off facility
Repayment Maximum of 72 months through EMI
No penalty for pre-payment
Where check-off facility is not available standing instructions or post dated cheques may be accepted along with 3rd party guarantee of another teacher
Processing Fee 1.10% of the loan amount
Required documents 1. Proof of identity
2. Proof of residence
3. Pass port size photographs
4. Latest salary slip
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