• Loan Limit : Maximum upto Rs.60 Lacs
• Repayment Period : Upto/Maximum 15 years excluding Moratorium Period: Duration         of Course +6 Months (upto a Maximum of 36 Months)
• Pre-payment Penalty : Nil
• Rate of Interest : Applicable from time to time.
• Service Charges : Applicable from time to time.
• Margin : Applicable from time to time.

Get Education Loans from Yavatmal Urban Bank.

• For Salaried Persons : 1. Employees of reputed and financially sound organizations. 2.Minimum Gross take home salary of INR. 15,000/- per month and confirmed service for at least one year.
• For Businessmen & Professionals : Business should have establishment of minimum of three years.
• Co-Applicant : Student must be taken as Co-applicant.

• Dully filled form with : 1. Income Proof of Applicant & Guarantor. 2. Residential Proof of Application & Guarantor. 3. Pan card of Application & Guarantor. 4. KYC of Applicant & Guarantor.

• i. Upto Rs. 5.00 Lacs – No Securitv. Only to take co-obligation of parents & Assignment of future Income of student. il. Above Rs. 5.00 Lacs – Co-obligation of parents together with tangible security covering remaining exposure above Rs. 5.00 Lacs with assignment of future income of students. The security can be in the form of Immovable property, NSC, KVP, LIP, Bank Deposits etc.
• At least one Guarantor and Security holders to be also taken as guarantors
• Other Charges: Franking Charges,Legal charges,(CERSAI, Filing Mortgage, Insurance of property, Valuation, Sanction Confirmation if applicable).