CSB Bank - Education Loan
PRIVATE BANKS
Collateral free loans available
Loan Margin : NIL
7 days avg loan processing time
Margin
NIL
Collateral
Collateral free loans available
Loan Tenure
Upto 15 Years
Processing fee
0.5% to 1.0%
Early Repayment
Yes(without any charges)
Living Cost
Yes
Secured Loan
Amount
Up To 2Cr
Un-Secured Loan
Amount
Up To 65Lac
UniCreds Guarantee
Quick Loan Sanctions
100% Transparency
No Hidden Fees
24x7 Support
Feature
The Catholic Syrian Bank (CSB) offers educational loans designed to support students in their pursuit of primary, advanced, and professional education. Some of the Catholic Syrian Bank education loan features are that applicants can secure a maximum loan amount starting from Rs. 10 lakhs up to Rs 30 lakhs based on their profile, with the bank offering a repayment duration of up to 15 years on a case-by-case basis. Students can also benefit from an interest subsidy scheme introduced by the Central Government, which provides a reduced interest rate on education loans. Currently, the standard interest rate for CSB education loans stands at approximately 12% for educational loans.
| Features | Education Loan Details |
|---|---|
| Loan amount | Upto ₹2Cr (Collateral) Upto ₹65Lac (Without Collateral) |
| Margin money | As per COE |
| Processing fee | 0.5% to 1.0% + GST |
| Processing time | 7 Days 5 - 7 working days (Unsecured) 14 working days (Secured) |
| Loan tenure | 15 Years (up to) |
| Prepayment charges | NA |
| Repayment holiday | Partial Interest during study |
| Countries covered | All countries |
Looking for
Faster and
streamlined Process?
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Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.
Eligibility
Before knowing the application process, it's essential to understand if you meet the Catholic Syrian Bank education loan eligibility criteria set by the bank. Typically, they evaluate factors such as academic performance, course duration, and co-borrower details to assess an applicant's suitability.
Eligibility Criteria for the student
- It depends upon the past academics of the student as well as the future university.
Eligibility Criteria for the co-applicant
- It requires 2 Years of Form 16/ITR, with a good CIBIL history.
| Type | Requirement |
|---|---|
| Nationality & Admission | Applicant must be an Indian resident and have secured admission in a recognised institution. |
| Age Limit | No age restrictions for education loans. |
| Collateral Security | Collateral value must be 125% of the loan amount; acceptable collateral includes properties and fixed deposits. |
| Loan Amount Limit | Maximum of Rs. 20 lakhs for both domestic and Rs. 30 lakhs international education. |
| Expenses Covered | Loan covers study fees, living expenses, accommodation, and other specified costs (varies based on applicant). |
| Co-Applicant Options | Co-applicants can be parents, parents-in-law, siblings, or spouses. |
| Interest Rate | For non-collateral loans, interest rates typically range between 12% to 15%, based on student profile. |
| Repayment Duration | Up to 15 years for repayment, excluding any moratorium period. |
| Eligible Courses | Education loans cover graduation, post-graduation, vocational courses, and certifications. |
| Interest Subsidy | Central Government offers an interest subsidy scheme for eligible candidates. |
| KYC Requirements | Applicants must comply with the bank's KYC policies and submit the necessary documentation. |
Benefits
The Catholic Syrian Bank Education Loan offers numerous benefits that make it a preferred choice for students aspiring to pursue higher education. Here are some key advantages:
Benefits Of Getting Your Education Loan Through UniCreds
Get Guidance at every step of your loan application
We ensure 100% transparency throughout the education loan process.Our education loan counsellors will stay by your side every step of the way.
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18001217661
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How to Apply
If you are applying for a loan, you must understand how to apply for Catholic Syrian Bank education loan through UniCreds, as we help streamline the process. Check the same in the pointers below:
- Once you confirm your qualifications, you have the option to fill out an online application or connect with our expert education loan advisors for a scheduled call back.
- These advisors can guide you through securing a Catholic Syrian Bank Education Loan, whether collateral-free or with collateral, tailored to your requirements.
- Upon receiving your profile details, our experts will meticulously evaluate them and suggest the most suitable steps based on your eligibility.
- UniCreds facilitates a digital document submission system for students, eliminating the need to present papers at the bank physically and allowing you the ease of uploading from your residence.
- UniCreds provides a tailored list of required documents based on your specific profile and loan type, streamlining the application procedure.
Looking forFaster and
streamlined Process?
100% Transparency
100% Free
Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.
Documents
Securing an education loan involves a meticulous documentation process. From academic transcripts to income proofs and collateral details, the Catholic Syrian Bank mandates certain documents to validate your loan application's authenticity. Check some of the important documents required for Catholic Syrian Bank education loan in the table below:
| Type | Documents Required |
|---|---|
| For Borrowers | 1. Aadhar Card (First 8 numbers should be masked). 2. PAN card / Form-60 3. Mark sheets of SSC, HSC 4. Bachelor’s degree Mark sheets and Passing certificate. 5. Copy of Admission Letter from the Prospective Institute along with Fees Schedule. 6. Copy of Entrance test scorecard. 7. Application Form (duly filled, signed with place and date). |
| Proof of Income for co-applicant | If Salaried: 1. Latest 3 Months Salary Slips of the Parents and Latest Form No. 16. 2. Latest 6 months’ Salary Crediting Bank Account Statement. If Self Employed: 1. Latest 2 years Complete CA attested Audited ITRs filed regularly plus computation whose income is considered. 2. Balance Sheet and Profit and loss account with schedules if applicable. 3. Proof of Business - Shop Act, GST Registration Copy, SSI Registration, Udyog Aadhar etc. 4. TDS Certificates / Form 26 AS for the income declared in ITR. 5. Latest 6 months Business and Savings Account Bank Statement. |
| Collateral Loan | 1. Copy of the documents for the proposed collateral - Sale Deed, Previous Chain of Sale agreement (If applicable), OC Copy / Completion Certificate / Approved Plans, Commencement Certificate, Share Certificate etc. 2. Latest Maintenance Receipt/ Land Tax Receipt/ Building Tax Receipt. 3. Latest Utility Bill (Electricity, Post-paid Mobile , Gas, Telephone, Water Bill). |
| Proof of Identity | Acceptable documents include a Passport, PAN Card, Aadhaar Card, Voter's ID Card, or Driving License. |
| Residence Proof | Required documents encompass a Ration Card, Passport, or any other valid proof of residence. |
| Co-Applicant's Financial Documents | For co-applicants, salaried individuals need to provide bank account statements from the last 6 months. Self-employed individuals should present business transaction records for one year. |
| Additional Requirements | The bank might ask for the education loan application form, proof of income, and any other specific documents based on their internal policies. |
Loan Repayment
The Catholic Syrian Bank Education Loan repayment allows borrowers to commence either one year after finishing their course or within six months of gaining employment, depending on which comes first. The repayment duration spans up to 15 years, not accounting for any moratorium period.
Typically, borrowers can settle the loan within a 5 to 7-year window after the initial repayment phase. Regarding interest rates, the bank levies approximately about 12% to 15%. For loans exceeding INR 4 lakhs, a processing fee is applicable. Furthermore, the bank presents three distinct education loan options: CSB Vidhya, CSB Excellence, and a Central Government-backed interest subsidy scheme. The account holder can avail of these schemes and their repayment would be based on the same.
The displayed EMI amount is approximate & is subject to change based on various factors.
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