Education Loan
Now Students can get approval for Education Support Loan online before / after admission. All students joining ISMT programs receive assistance for Education Support loan without any collateral security, the details can be provided at the time of admission. However, the students are requested, to refer the general queries related to Loan, click the link and fil the online form , Documents can be submitted online later, T & C Apply.
FAQs
No, there is no collateral security / Mortgage required
Any Direct Blood Relation / Family Member can be Co-Applicant like Father/Mother/Brother / Sister OR Spouse.
No, The Co-applicant is enough, if it’s an Earning Member.
No, it’s not compulsory, it will be an added advantage if the student is earning.
Student Documents- Photo, Pancard, Aadhar Card, 10th,12th, FY, SY, TY Marksheets (TY,Degree Marksheets can be submitted later also)
Co-applicant documents-Photo, Pancard, Aadhar Card (Both Sides)+Last 6 months Bank Statement
Income Proof:-
If the Co-applicant is Salaried: Salary Slip (Last 3 months)
If the Co-applicant is Self Employed / Businessowner: ITR of Last One Year,
Student can select repayment duration as per the scheme of Financial Partners available, the repayment period ranges from upto 3-5 years duration.
No, the student doesn’t have to pay any processing fees before Loan approval.
No Processing Fees
Yes, As it’s a Loan and the repayment duration is 3-5 years, the financial institution will charge interest on Loan amount, however there is zero % interest Loan Scheme also available, the options are mentioned.
The EMI will start as soon as Loan is disbursed
No, there are no charges, hence we recommend student to submit documents and verify the eligibility.
Yes its possible, you can submit documents and check your eligibility, if your loan gets approved, you can take admission, else you can change your decision.
Don’t worry, the entire Education loan approval process is online, you or your parents don’t have to travel for the process.
Yes, Its possible.
Yes, but we are not sure about their terms related to collateral, co-applicant, guarantor, whether processing method is offline or online, as our process is almost online. Since we have collaboration with Financial institution / Banks the processing is faster, smooth and online.
You can send us via email OR on Whatsapp
Don’t worry, you can submit the documents you have and remaining documents after few days.
Yes, suppose Loan Tenure is 5 Years, and if the student wants to repay early after 1,2 Or 3 Years, its possible.
No, Student can apply for Loan of entire fees amount (more than 2 Lakh), OR If the student wants to pay some part of fees as down payment then he/she can apply the remaining amount for Loan.
