Purpose : For study in India / Abroad
Eligibility
- Student must be Indian Resident
- Must possess 10+2 or equivalent Educational Qualifications
Course Eligible
- Approved courses for Graduation/Post Graduation & PG Diplomas by UGC/Govt./AICTE etc
- Regular Degree/Diploma courses approved by Director General of Civil Aviation
- Degree/Diploma courses offered by reputed foreign univerisities
Features
- Maximum finance as prescribed by RBI from time to time
- Presently, ` 10 lacs for study in India & ` 20 lacs for study Abroad
- Principal repayment to start after 6 Months of completion of course or getting the job, whichever is earlier
- Monthly interest on loan outstanding is to be serviced during the course
- Expenses covered under the loan are Tuition Fees, Examination fees, Books / Stationery / Equipments/ Lodging & Boarding/travel expenses / insurance premium for student /study tours/project work, thesis, etc.
- Concessional rate of interest for girl student
| Documents Required (Illustrative Only) | ||
| Student | Parents/Guardian | Guarantor |
| PAN, Election Card, Driving License, Passport Etc. | ||
| Resi Proof: Property Tax bill, Light Bill, Telephone Bill, Gas Bill | ||
| Copy of Mark Sheets/ Certificates (SSC onwards) | ITR (Computation of Income, P&L, Balance Sheet)/ Form No. 16 for last 3 Years ITR for last 3 years | |
| Admission letter of Govt recg. University/ Institute | Last 6 Months Bank Statements (self & Business) | |
| Letter of University regarding total fees, Course duration & other expenses (Lodging & Boarding, Books Etc) Admission letter of Govt recg. University/ Institute |
Proof of Business Existence | |
| Loan Statements & Sanction Letter of Existing Loans (If any) | ||
| Any other document/certificates as required by Bank | ||
Security (any one)
Property
City Survey/ 7/12 copy of Property to be mortgaged, Municipal Tax bill & receipt, Sale Deed, Index Copy etc.
Government Security : NSC/KVP
List of Securities showing certificate number, holders’ name, branch name & amount with signature of the holders & Xerox copy of the security.
Insurance policies
Surrender value quotation of the policy of Life Insurance Policies
Other investment details with proof
Charges & Fees Charges of Title and Valuation are to be borne by applicant.
Important Links
Latest News
- 2022-03-29
Concept of overdue sma and npa classification and upgradation as per rbi guidelines - 2023-03-06
Pandesara Brach going to shift-which is currently located at Ground Floor, Vrajlal Dhamanwala Service Complex, GIDC, Pandesara, Surat 395010 will be shifted to new premises at Plot No.69-71, Ground Floor, Shri Ram Estate, Pramukh Park, Pandesara, Bhedwad, Surat 394221 shortly. - 2021-08-05
Card Control / Limit Control through Mobile BankingNow customer can control of their Rupay Debit Card ATM / POS / Ecom Channel and Limit through Mobile Banking. - 2021-08-03
Ring Road Branch going to shift
Ring Road Branch which is currently located at “First Floor, B-Wing, Millennium Textiles Market, Ring Road, Surat 395002 will be shifted at new premises “ Ground Floor, WTC Building, Market Exchange, BSNL, B/S Millennium Textile Market, Ring Road, Surat 395002 ” shortly. All customers of Ring Road Branch are requested to take a note of it. - 2020-10-06
Introduce ATM Debit Card Channel Control through SMS - 2020-08-27
Udyam Registration Notice - 2020-02-01
SPCB RuPay Debit card POS / Ecom Limit increased - 2018-04-02
BE AWARE OF FAKE RECRUITMENT ADVERTISEMENTS - 2018-06-01
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day issued in the interest of investors. - 2019-09-01
Surat Peoples Bank never sends Email/SMS or Calls you over phone to get your personal detail, Password or OTP. Any such communication is an attempt to CHEAT YOU - 2018-04-02
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary
