Coaching Loan Scheme by Central Bank of India Dear Student and Parents We are pleased to inform you that Central Bank of India has launched Coaching Loan Scheme in all branches of India. This information is provided for your help in case you desire financial assistance through bank loan to pursue your Yearlong Classroom Programme for IIT-JEE/AIEEE/AIPMT at Resonance. General Information of Coaching Loan Scheme by Central Bank of India: Eligibility
1.
Borrower Loan Amount Salaried individuals
&
2.
loan
Loan Amount Non-Salaried individuals Interest Rate Repayment Period Processing charges Pre-payment charges Payorder charges Documents required
Disbursement amount
of
Student of Class XI, XII or XII pass Age not exceeding the maximum for targeted competitive exam Permanent resident of city from where loan is applied Student and Father Jointly Loan margin 10% Loan amount would be whichever is lower out of the below Maximum 20 times of gross monthly income. Net take home after deduction of proposed EMI shall not be less than 40% of gross salary Two Lakhs per child ( Maximum for two children) Two times of average annual gross income of last two years Two Lakhs per child ( Maximum for two children) Whichever is lower out of above Male (General) : Base rate +4.00 (EMI per 10000/- : Rs. 339/-) Female/SC/ST/Minority : Base rate +3.50 (EMI per 10000/- : Rs. 337/-) 36 months Rs. 200 Nil Address proof, Photo Ids of Parents, Photos of parents, photo of student Latest Salary Certificate, Last 3 years ITR, Fee structure of Resonance Marksheet & certificates of class X and above 36 PDCs Direct to Resonance by Central bank of India according to the fee plan of the programme in which student has taken admission
Note:
This information is provided only for awareness of students and their parents. Resonance bears no responsibility of any kind regarding application and processing of this loan. Student has to apply by self and do all processing by own. Resonance is not an official associate of Central Bank of India hence you are suggested to contact offices of Central Bank of India for exact information and any further details about this loan. Any refund of programme fee, which is valid and as per the standard refund policy of Resonance, shall be done to Central Bank of India only and not directly to student or his/her parents.
Resonance Eduventures Pvt. Ltd. Corporate Office: J-2, Jawahar Nagar Main Road, Kota – 324005 (Rajasthan). Tel. No. : 0744-3192222, 3012222, 3022222, 2437144 email:
[email protected] Study Centres: Jaipur, Bhopal, Lucknow, Nagpur, Udaipur, Bhubaneswar (Tel. STD Code-3192222) Delhi, Mumbai, Kolkata, Bengaluru, Ahmedabad (Tel. STD Code-31922222)
