Key Facts

• Avail high value loans minimum Rs. 50,000 to maximum up to Rs. 75 lacs for studies in India or Abroad. The quantum of Loan can be determined, subject to eligibility and cost, for case-to-case approval.

  No margin applicable on loans upto Rs. 4 lacs. 5% margin on loans above Rs. 4 lacs for studies within India and 15% margin on loans above Rs. 4 lacs for studies overseas.

  Axis Bank Education Loans are given to worthy students who have obtained admission to career-oriented courses like medicine, engineering, management, etc. either at a graduate or post-graduate level.

  Disbursal can be made within 15 working days from the date of receipt of the complete application along with all documents required by the bank for a proper appraisal.

  The parent(s) or guardian will be treated as a co-applicant on the loan. His or her role would be like that of the primary debtor.

  The bank may ask for Third party guarantee and/or collateral security in appropriate cases.

  You need to provide an additional security in the form of an LIC Policy in favour of the Bank with the sum assured being at least 100% of the education loan amount may be required. Annual premium for the same may be included while computing the loan requirement and future income of the student needs to be assigned in favour of the Bank to meet instalment obligations

  A tangible collateral security of suitable value acceptable to bank alongwith the assignment of future income of the student for payment of installments.

  The loan amount will be disbursed in full or in suitable installments taking into account the requirement of funds and/or fee schedule as assessed by the Bank directly to the educational institution or vendor of books or equipment or instruments.

  You will get income tax rebate under Section 80(E) on paid interest.

  In case the application is turned down, the Bank will convey in writing to the applicant the reasons for rejection within one month.

  Rate of Interest as 15% for loans up to Rs. 4 lacs, 14.5% for loans above Rs. 4 lacs to up to Rs. 7.5 lacs, and 13.5% for loans above Rs. 7.5 lacs.

Fee Details

• Interest Rate : 10.5% - 12.75%
• Processing Fee : 0
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee : 2% of the overdue amount.
• MCLR : 8.15%

Documents Required

• For Salaried Individuals - a Proof of identity (Passport / Voter ID card / Driving license / PAN card / Government department ID card), Latest salary slip showing all deductions or Form 16 along with recent salary certificate, a Proof of residence (Bank account statement / Latest electricity bill / Latest mobile/telephone bill / Existing house lease agreement), Bank Statement/Pass Book of last 6 months, Guarantor Form (Optional), Copy of admission letter or the Institute along with Fees schedule, and Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses.

• For Other Individuals - a Proof of identity (Passport / Voter ID card / Driving license / PAN card), IT returns of the last 2 years and computation of income of last 2 years certified by a Chartered Accountant, a Proof of residence (Bank account statement / Latest electricity bill / Latest mobile/telephone bill / Existing house lease agreement), Bank Statement/Pass Book of last 6 months, Guarantor Form (Optional), Copy of admission letter or the Institute along with Fees schedule, and Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses.

Key Facts

• Get Wide Range of Collateral Options like No Security for loan up to ₹ 4 Lacs with Parents to be joint borrowers, and Tangible collateral security of suitable value acceptable to bank along with parents to be joint borrowers.

  Maximum tenure up to 10 years for loans up to ₹ 7.50 lakhs and up to 15 years for loans above ₹ 7.50 lakhs.

  Get the option to secure your education loan by opting for Insurance Protection in the form of Credit Protect from HDFC Life.

  Loan will be paid directly to the education institution, as per their fee structure.

  Get tax benefits under section 80(E) of the Income Tax Act 1961.

  Third Party Guarantee required for loans above ₹ 4 Lacs to less than ₹ 7.5 Lacs along with Parents as joint borrowers.

  No prepayment fee will be charged if loan is foreclosed / part prepaid any time after expiry of the Moratorium.

  You can take an Education Loan for Indian education on the following courses: Management Courses (Full-Time) – Graduation + Post Graduation, Engineering Courses ( Government + Private ) - Graduation, Medicine - Graduation + Post Graduation, Masters in Computer Application ( MCA / MCM )Architecture - Graduation + Post Graduation, Hotel and Hospitality - Graduation + Post Graduation, Agriculture - Graduation + Post Graduation, and Pure Science - Graduation + Post Graduation.

  A Co-applicant is required for all full time courses. Co-applicant could be Parent/ Guardian or Spouse/ Parent-in-law (if married).

  A moratorium/repayment holiday is available for select courses. You have the option of servicing simple interest during moratorium period. Simple interest will be calculated on the loan amount disbursed payable monthly.

  You have the option of repaying the loan through a Standing instruction, Automated Clearing House or post-dated cheques.

Fee Details

• Interest Rate : 12.27% - 13.81%
• Processing Fee : 1
• Pre Closure Fee : Upto 4% of the Outstanding Balance prepaid
• Part Payment Fee : Upto 4% of the Outstanding Balance prepaid
• Late Payment Fee : 24% p.a. on overdue/unpaid EMI amount outstanding from EMI due date

Documents Required

Institute admission letter with fee break-up.

SSC, HSC, Graduation mark sheets.

Age proof

Signature proof

Identity proof

Residence proof

Completed application form

Latest photograph (signed across)

For Salaried:

Latest 2 salary slips carrying date of joining details.

Previous 6 months bank statement of the salary account.

For Self-Employed:

ITR of previous 2 years along with computation of income.

Audited balance sheet of previous 2 years.

Bank statement of previous 6 months.

Proof of turnover (latest sales/service tax return).

For Self-Employed Professionals:

ITR of previous 2 years along with computation of income.

Audited balance sheet/proft and loss statement of previous 2 years.

Bank statement of previous 6 months.

Proof of Qualification.

Key Facts

• Get a loan up to 100% of educational expenses. Loans worth more than Rs. 20 lakhs are also available.

  Get preferential rates for certain top ranked universities and institutes.

  Get finance for 950 different courses in more than 4,000 educaiton institutions spread across 36 countries. The money from the loan can be used to cover tuition fee, living expenses, books, travel, laptops and more!

  Get tax benefits under section 80(E) of the Income Tax Act 1961.

  Get the loan sanctioned letter before confirmation of admission to provide as the proof of funds.

  Apart from the basic course fee payable to the institution where you decide to study, the following expenses will be covered under the loan: Exam/Library/Lab fees, Caution deposit / Refundable deposit asked by the institution / Building fund - supported by Institution bills / receipts, Purchase of Books / equipments / instrument / uniforms, Travel expenses / passage money for studies abroad, Purchase of computers - essential for completion of the courseInsurance, Miscellaneous expenses related to the course - like study tours, project work, thesis, etc.

  You can take a Education Loan for foreign education on the following courses: Management Courses (Full-Time), Engineering Courses, Medicine - Graduation + Post Graduation, Masters in Computer Application ( MCA / MCM ), Architecture, Hotel and Hospitality, Agriculture and Pure Science.

Fee Details

• Interest Rate : 12.27% - 13.81%
• Processing Fee : 1.5
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee : 2 % per month of installment

Documents Required

Institute admission letter with fee break-up : USA Applicant: I-20 Form and UK Applicant: CAS Letter.

SSC, HSC, Graduation mark sheets and also mark sheet of any entrance exam like GRE/GMAT/TOEFL/IELTS.

Age proof

Signature proof

Identity proof

Residence proof

Signature verification for the Student/Co-Applicant like: PAN Card, Passport, Credila’s completed signature authentication form authenticated by Bank or 10th/12th or equivalent mark sheet with signature for students below 21 years.

Completed application form

Latest photograph (signed across any document for establishing relationship between student and the c-applicant viz. ration card, marriage certificate, birth certificate, etc.).

For Salaried:

Latest 3 salary slips carrying date of joining details.

Previous 6 months bank statement of the salary account.

Previous 1 year's Form 16 from the employer along with 1 year income tax return.

For Self-Employed:

ITR of previous 2 years along with computation of income.

Audited balance sheet of previous 2 years.

Bank statement of previous 8 months.

Proof of turnover (latest sales/service tax return).

For Self-Employed Professionals:

TR of previous 2 years along with computation of income.

Audited balance sheet/proft and loss statement of previous 2 years.

Bank statement of previous 8 months.

Proof of Qualification

Key Facts

• No specific restriction regarding the age of a student in order to be eligible for an education loan.

  If the student was a minor while the joint applicant / co-borrower / guarantor executed the document for the loan, the bank will obtain a letter of ratification from him/ her upon attaining majority.

  Following courses are elgible to get a loan for Indian Education: Post-Graduation Courses: Masters and Ph.D. from accredited institutions, Professional Courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management and Computer Sciences, Other professional courses such as CA, ICWA, CS, and CFA, Masters and Diploma Management Programs, Other courses leading to degree/diploma conducted by colleges/universities approved by UGC / Govt. / AICTE / AIBMS / ICMR, etc., Regular Degree/Diploma course like aeronautical, pilot training, shipping, nursing or any other discipline approved by Directory General of Civil Aviation / Shipping / Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India.

  Late Payment Charges will be compounded monthly on the amount due but unpaid from the date of the amount falling due till the date of actual payment.

Fee Details

• Interest Rate : 11.5% to 24%
• Processing Fee : 2
• Pre Closure Fee : 5%
• Part Payment Fee : 5%
• Late Payment Fee : 3% of Overdue Amount

Documents Required

Application Form

2 photographs

Proof of Identity

Proof of Residence

Signature verification from bank

Proof of Relationship

For Applicant Only:

Confirmed admission letter

Letter from college (Details of course and fee structure to be paid).

Academic Pass out Mark sheet/Certificate.

For Co-applicant / Co-borrower / Guarantor Only:

Latest payslip or Form 16 or 2 years ITR.

Owenership Proof 

Key Facts

• No specific restriction regarding the age of a student in order to be eligible for an education loan.

  If the student was a minor while the joint applicant / co-borrower / guarantor executed the document for the loan, the bank will obtain a letter of ratification from him/ her upon attaining majority.

  Following courses are elgible to get a loan for Foriegn Education: Any Graduation Course at Reputed Foreign Universities, Post-graduation: MCA, MBA, MS, Other courses such as CIMA - London, CPA in USA, CFA, CISA, and Degree/Diploma course like aeronautical, pilot training, shipping, etc. provided these are recognised by competent regulatory bodies abroad for the purpose of employment in India/abroad.

  Late Payment Charges will be compounded monthly on the amount due but unpaid from the date of the amount falling due till the date of actual payment.

Fee Details

• Interest Rate : 11.5% to 24%
• Processing Fee : 2
• Pre Closure Fee : 5%
• Part Payment Fee : 5%
• Late Payment Fee : 3% of Overdue Amount

Documents Required

Application Form

2 photographs

Proof of Identity

Proof of Residence

Signature verification from bank

Proof of Relationship

For Applicant Only:

Confirmed admission letter

Letter from college (Details of course and fee structure to be paid).

Academic Pass out Mark sheet/Certificate.

For Co-applicant / Co-borrower / Guarantor Only:

Latest payslip or Form 16 or 2 years ITR.

Owenership Proof 

Key Facts

• Educational Loan Scheme aims at providing financial support from the banking system to meritorious students for pursuing higher education in India and abroad. A meritorious student, though poor, is provided with an opportunity to pursue education with the financial support from the banking system with affordable terms and conditions.

  Approved courses recognized by UGC/ Govt. / AICTE/ AIBMS/ ICMR etc. for Studies in India.

  Job oriented professional/ technical courses offered by reputed universities for Studies abroad.

  Fee payable to college/ school/ hostel and other related expenses will only be considered for loan amount.

  Get up to Rs. 20 Lacs depending on the Institute for Study in India. And up to Rs.50 Lacs for Study abroad.

  No margin for up to Rs.4 Lacs. 5% margin for above Rs. 4 Lacs for Study in India and 15% for Study abroad.

  Moratorium period equals to course period plus one year.

  The loan documents should be executed jointly by the student and the parent (s)/ guardian as joint-borrower.

  No collateral security for up to Rs.4 Lacs. And security for loan amount above Rs.4 Lacs (depending on the Course / Institutes) varies from third party guarantee, co-obligation of parents, full collateral security.

  Repayment period of up to  15 years.

  Processing fee of 0.15%, subject to maximum of Rs.3450 for studies in India and 0.10% or maximum of Rs.5750 for loan amount above Rs.20 Lacs for studies abroad.

  0.50% rebate on interest rate for girl students.

  1% interest concession if interest is paid during study & moratorium period.

Fee Details

• Interest Rate : 8.35% - 10.5%
• Processing Fee : 3450
• Pre Closure Fee : 0
• Part Payment Fee :
• Late Payment Fee : 2% of the overdue amount.
• MCLR : 8.50%

Documents Required

• KYC Documents (Id and Address Proof)

• Income Proof.

Key Facts

• The rate of interest of 10.65% for loans up to Rs. 7.5 Lakh and 10.20% for loan above 7.5 lakhs.

  The list of courses contained in the websites www.ugc.ac.in, www.education.nic.in, www.aicte.org.in are considered to be eligible courses.

  Loan for Home Study/Correspondence courses with contact classes or Coaching classes will not be considered.

  Diploma courses and certificate courses have not been included as eligible courses for the Studies in abroad scheme.

  In respect of Degree level courses in Non Technical and Non Professional courses the aggregate of all expenses considered for finance should not exceed Rs.1 Lakh for the total course.

  Reasonable lodging and boarding charges will be considered in proportion to the course cost in case the student chooses/ is required to opt for outside accommodation.

  In case of studies abroad, part cost of the study can be considered for finance as requested by the student duly taking into consideration part time jobs as permitted by the institutes to part fund the course costs.

  No margin applicable for loans up to Rs. 4 Lakh. 5% margin applicable on loans above Rs. 4 Lakh for studies in India and 15% margin on loans above Rs. 4 Lakh for studies abroad. Moreover,  Scholarship/ assistantship to be included in margin.

  Security for loans up to Rs. 4 Lakh – Parents to be joint borrower(s), No primary security, Collateral free limit of Rs.4 lakh is student specific and not family specific. More than one loan can be considered for other siblings in the same family even when one of the siblings has already availed a collateral free loan.

  Security for loans above Rs. 4 Lakh to Rs. 7.5 Lakh – Besides the parent(s) executing the documents as joint borrower(s), collateral security in the form of suitable third party guarantee will be taken.

  Security for loans above Rs. 7.5 Lakh, Parent(s) to be joint borrower(s) Tangible collateral security of suitable value acceptable to bank along with the assignment of future income of the student for payment of installments.

  The loan documents should be executed by both the student and the parent/ guardian as joint-borrower.

  The security can be in the form of land/ building/ Govt. securities/ Public Sector Bonds/Units of UTI, NSC, KVP, life policy, gold, and shares/mutual fund units/debentures, bank deposit in the name of student / parent / guardian / any other third party or any other tangible security acceptable to the bank with suitable margin. Wherever the land/ building is already mortgaged, the unencumbered portion can be taken as security on second charge basis provided it covers the required loan amount.
   
  A simple interest to be charged during the study period and up to commencement of repayment. 

  Servicing of interest during study period and the moratorium period till Commencement of repayment is optional for students. Accrued interest will be compounded at the time of commencement of repayment & EMI will be fixed accordingly.       

  Get interest concession of 50 basis points on Educational loans to students (for studies in India/Abroad/Vocational courses) securing 90% or above in aggregate/equivalent grade at 10th or 10+2 qualifying level in respect of loans for vocational /graduate level courses. 

  In respect of loans for pursuing P.G. courses, interest concession of 50 basis points is introduced to students who secured 80% or above in aggregate / equivalent grade at qualifying degree/graduation level examination.

  The top 50 rankers in case of State level and top 100 rankers in case of National level are offered educational loans at 100 basis points lower to normal rate of interest subject to a minimum of base rate.

  Enjoy the moratorium period of 1 year in addition to the course period or 6 months after job placement, whichever is earlier.

  If a student takes up higher studies immediately upon completion of the course, the commencement of repayment would get shifted to 6 months from employment or one year from completion of the second course whichever is earlier. This would be so irrespective of whether the student had taken fresh/top up loan for higher studies or not.

  No penalty will be levied for prepayment of loan.

  No processing / upfront charges may be levied on loans sanctioned under the scheme for studies in India. For studies abroad, processing fee as applicable are to be collected initially at the time of sanction and are to be refunded upon the student taking up the course and availing the loan.

Fee Details

• Interest Rate : 10.20% - 10.65%
• Processing Fee : 0
• Pre Closure Fee : 0
• Part Payment Fee :
• Late Payment Fee : 2% of the overdue amount.
• MCLR : 8.65%

Documents Required

• Valid driving license

• Proforma Invoice.

• Salary Slip

• IT Returns

• Assessment order.

• Documents for KYC compliance.

Key Facts

• Enjoy 0% processing fee and documentation charges.

  Enjoy 0% margin money.

  Loan will be granted in the name of father/mother of the student.

  A additional interest of 2% on overdue amount will be levied in case of late repayment, valid on loan amount exceeding Rs. 2 Lacs.

  Avail loan amount maximum up to Rs. 4 Lacs.

  Loan for each yearly sub limit is repayable in 12 EMIs. First instalment to be due 12 months after first disbursement of each year's loan component.

  In case the loan is given for purchase of computer the same is to be hypothecated to the bank as the security.

Fee Details

• Interest Rate : 11.10%
• Processing Fee : 0
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee : 2% per month on overdue amount.
• MCLR : 8.35%

Documents Required

Photographs

Age Proof

Address Proof

Income Proof

Key Facts

• Key Facts:
  Avail loan for pursuing higher studies, in India and Overseas.

  Borrow maximum Rs. 10 Lacs for studies in India and Rs. 20 Lacs for studies overseas.

  No cap on the maximum loan amount if 100% collateral security is being provided.

  Enjoy maximum repayment period of up to 10 years for loans up to Rs. 7.50 Lacs. And, maximum repayment period upto 15 years for loans above Rs. 7.50 Lacs.

  Get repayment period of up to 10 years for loans availed for repair or renovation.

  Avial comprehensive life insurance policy for the student availing Educational Loan equal to the loan amount, for a minimum period of loan term (i.e., course period + moratorium period + repayment period) should be obtained and assigned in favor of the bank.

Fee Details

• Interest Rate : 9.90% - 10.40%
• Processing Fee : 1000
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :
• MCLR : 8.40%

Documents Required

Photograph
Bank account statement of the last 6 months.
Identity Proof: Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card (PAN card only as identity proof)
Address Proof: Passport / Voter's ID card / Driving license / Aadhar card
Income Proof: Form 16 /Latest salary slips

Key Facts

• Avail loan for providing financial support to deserving/meritorious students for pursuing higher education in India and abroad or to provide financial assistance to the needy poor to undertake basic education.

  Borrow up to Rs. 10 Lacs for studies in India and Rs. 20 Lacs for studies overseas, subject to the repayment capacity of parents / guardian.

  The student/parents have the option to repay the interest during the holiday period. If the student / parent do not opt for the same, the principal o/s together with interest payable should be clubbed and should be repaid in EMIs.

  Repay the loan within maximum 5 to 7 years.

  Moratorium period as long as course period plus 1 year or 6 months after getting job, whichever is earlier.

  The bank can also issue the Capability Certificate for students going abroad for higher studies after obtaining the relevant supporting documents from the applicant.

  In case student/parents approach for educational loan after having completed one/two semesters/years, such loans based on future expenses can be considered, provided the student has cleared all the papers in the previous exams.

  If any of the loans of the borrower/co-obligant / guarantor is in default, no loan will be entertained under this scheme till account/s become regular.

  Life of student should be insured for the loan value.

  Life insurance policy should be assigned in favour of the bank.

  No Due certificate need not be insisted upon as a precondition for considering educational loan. However, branches may obtain a declaration / an affidavit confirming that no loans are availed from other banks.

  Loan applications have to be disposed of within a period of 15 days to one month.
  If the fees have already been paid to the college on account of urgency/payment before the stipulated date by borrowing from the friends/relatives/outsiders/institutions by availing loans, the bank may consider the loan under the scheme for payment of such dues provided sufficient material proof is provided for payment of such fees and also for availment of loans from friends/relatives/outsiders. In such case, the payment should be made direct to the persons from whom borrowed and receipts should be obtained and kept on record.

  If the college/institution indicates arrears of fees for the previous year (not yet paid by the student) it may also be considered for finance.

  If the student has paid fees for certain semester/s and seeks loan for subsequent semesters, the fees paid for earlier semester may be taken as margin and full (100%) fees may be advanced for subsequent semester/ years, provided original receipts for earlier years are provided to the bank for verification and Xerox copies thereof have to be obtained for our records.
   

Fee Details

• Interest Rate : 14% - 16%
• Processing Fee : 0.20
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :
• MCLR : 9.75%

Documents Required

• PAN Card

• Voter ID

• Ration Card

• Driving Licence

• Passport

• Employment Details

• Salary Certificate

• Income Proof

• Quotation from the vendor

• Demand Promissory Note

Key Facts

• Avail loan for deserving/ meritorious students for pursuing higher education in India and overseas.

  Borrow up to Rs. 10 Lacs for studies in India and Rs. 20 Lacs for Overseas studies.

  For loan up to Rs. 7.5 Lacs, parents/guardian to be the joint borrowers. In this case, no collateral security or third Party Guarantee will be required if covered under CGFSEL.

  For loan above Rs. 7.5 Lacs, co-obligation of Parents together with tangible Collateral security of suitable value along with the assignment of future income of the student for payment of installments.

  The security can be in the form of land / building / Govt. Securities / Public Sector Bonds / NSC / KVP / LIP / Banks Term Deposit etc., in the name of Student / Parent / Guardian / Guarantor with suitable margin.

  An interest rate of 10.10% for loan covered under Credit Guarantee Fund Scheme for Education Loan (CGFSEL), subject to loan upto Rs.7.50 lacs.

  An interest rate of 10.90% for loan above Rs. 7.50 Lacs.

  Simple interest will be charged during the repayment holiday/moratorium period.

  All student borrowers are offered a specially designed optional Term Insurance covers and the premium can be included as an item of finance.

  Repayment period of up to 15 years long after starting of monthly EMIs.

  Enjoy 0% processing charges for study in India.

Fee Details

• Processing Fee : 5000
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :

Documents Required

Photograph
Bank account statement of the last 6 months.
Identity Proof: Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card (PAN card only as identity proof)
Address Proof: Passport / Voter's ID card / Driving license / Aadhar card
Income Proof: Form 16 /Latest salary slips

Key Facts

• Avail loan to finance expenses related to pursuing select educational courses.

  Borrow from minimum Rs. 5,000 to maximum Rs. 1.50 Lacs.

  Enjoy 0% for studies in India.

  Enjoy flexible repayment period depending on the borrowed amount. Repayment period of 3 years long for loans up to Rs. 50,000. Get repayment period of 5 years long for loans above Rs. 50,000 to Rs. 1 Lacs and 7 years long for loans above Rs. 1 Lacs.

  Facility to repayment the loan in Step-up EMI / Balloon payment is available.

  Servicing of the interest debited during initial repayment holiday period is optional

Fee Details

• Processing Fee : 2,000
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :
• MCLR : 8.75% p.a

Documents Required

Photograph
Bank account statement of the last 6 months.
Identity Proof: Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card (PAN card only as identity proof)
Address Proof: Passport / Voter's ID card / Driving license / Aadhar card
Income Proof: Form 16 /Latest salary slips

Key Facts

• Borrow from minimum Rs. 5,000 to maximum up to Rs. 1.50 Lacs.  

  Courses run by above mentioned Training Institutes aligned to National Skill Qualification Framework (NSQF) shall be covered by the Skill Loan.

  The estimated per month fees, based on sector & NSQF level, will be available with the NSDC. Skill loan could be availed by beneficiaries of other grant/reward based Government schemes for skill training to cover the cost of such skill training not covered under such grant/reward.

  For loans up to Rs. 50,000, maximum repayment period is up to 3 years. A 5 years of tenure for loans above Rs. 50,000 to up to Rs. 1 Lacs, and 7 years tenure for loans above Rs. 1 Lacs.

  Get optional insurance cover at the requirement of the borrower.

  Enjoy 0% prepayment charges

Fee Details

• Processing Fee :
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :
• MCLR : 8.55%

Documents Required

Photograph
Bank account statement of the last 6 months.
Identity Proof: Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card (PAN card only as identity proof)
Address Proof: Passport / Voter's ID card / Driving license / Aadhar card
Income Proof: Form 16 /Latest salary slips.

Key Facts

• Duration of the course for studies in India should be maximum 3 years and for studies overseas should be maximum 5 years.

  Enjoy 0% processing fee and pre-closure charges.

  Avail interest rate of 11.63% to 14.10% for education loans with interest subsidy and 13.13% to 15.60% for education for others.

Fee Details

• Processing Fee :
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee : 2% per month of the overdue amount.
• MCLR : 9.85%

Documents Required

• Photocopies of all certificates from previous examinations (SSC onwards)

• A certificate from the College/University authorities stating that the student is continuing education, should be submitted every year.

Key Facts

• Avail loan for meritorious students are provided with an opportunity to pursue higher education in India and Overseas excluding vocational training and skill development study courses.

  Avail Loan amount up to Rs. 10 Lacs for studies in India and Rs. 20 Lacs overseas.

  No repayment needs to be made during Moratorium period.

  Enjoy repayment period of 60 to 84 months in addition to holiday period, where holiday period is as long as one year plus course period or 6 months after job placement, whichever is earlier.

  Repayment can be made in easy EMIs.

  Vocational Training and Skill development study courses will not be eligible.

Fee Details

• Processing Fee :
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :
• MCLR : 8.90%

Documents Required

• Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)

• Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)

• Offer letter / Admission letter

• Basic Qualification & mark-list

• Proof of Fees structure

Key Facts

• IDBI Education Loan scheme to provide financial support to deserving / meritorious students for pursuing higher education in India and abroad.

  Avail need based finance subject to repaying capacity of the parents/students with margin and the following ceilings – Maximum Rs.20 Lakh for Studies in India and Maximum Rs. 30 Lakh for Studies abroad.

  In case of Executive programs in India and Abroad maximum finance should not exceed Rs. 20 Lakh.

  Enjoy flexible repayment holiday / moratorium period of one year in addition to the course period.

  Flexible loan tenure as long as 15 years including the repayment holiday.

  A floating rate of interest of 9.50% for education loan up to Rs.10 lakhs and 10.45% for loan above Rs. 10 lakhs.

Fee Details

• Processing Fee :
• Pre Closure Fee : 0
• Part Payment Fee : Up to 2% of the outstanding loan amount is to be levied.
• Late Payment Fee :
• MCLR : 8.65%

Documents Required

• Application form with photograph

• Identity and Residence Proof

• Latest Salary-slip for last 3 months along with Form 16  / ITR, Last 6 months bank statement and Processing fee cheque, valid for Salaried customers.

• Education Qualifications Certificate and Proof of business existence along with Last 3 years Income Tax returns ( self and business), Last 3 years Profit /Loss and Balance Sheet, Last 6 months bank statements and Processing fee cheque, valid for Self Employed Professionals.

• Proof of business existence along with Business profile, Last 3 years Income Tax returns, Last 3 years Profit /Loss  Balance, Last 6 months bank statements (self and business) and Processing fee cheque, valid for Self Employed Non Professionals.

Key Facts

• Borrow up to maximum Rs. 30 Lacs for enrolling in courses listed under List A and maximum Rs. 7.5 Lacs for List B.

  Enjoy flexible repayment tenure of up to 15 years long.

  Enjoy 0% processing charges.

  An interest rate of 8.50% will be levied for education loans availed for enrolling in any course mentioned in List A and 9.10% for loans availed for enrolling in any course mentioned in List B.

Fee Details

• Processing Fee :
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :
• MCLR : 8.50%

Documents Required

• Admission offer letter from the institution and Programme Fees details.

• Scholarship details, if any.

• Copy of marksheet and pass certificate from class 10th onwards.

• PAN Card (for student and co-applicant both)

• Address proof (for student and co-applicant both)

• Photographs: 4 (for student and co-applicant both)

• Details of all existing Loans (for student and co-applicant both)

• ITR/Form-16/ Salary Slips, if available (for co-applicant)

• 6 Months' Bank Statement (for co-applicant)

Key Facts

• Avail loan for purchase of a new two wheeler like Motorcycle, Mopeds or Scooty etc. for personal use.

  Borrow maximum up to Rs. 30 Lacs for studying in India and Rs. 40 Lacs for studying overseas. 

  Interest to be debited monthly on simple basis during the repayment holiday/moratorium period.

  Repay the loan in a maximum period of 5 - 7 years excluding holiday period.

  It is left to the option of the student either to service the interest during the study period or pay it along with the principal over a period of 5 - 7 years to commence from 12th month after completion of the study.

  For prompt servicing of interest for all months during the study period when repayment holiday  is specified for interest / repayment  under the scheme, an interest rebate @1.00 % is allowed. Interest concession at 0.50% on all Education Loans to Girl Students for pursuing education in India and Abroad is allowed. The interest rebate thus calculated will be credited back to loan account at the time of commencement of repayment of the principal sum.

  Interest rate of 10.55% for loans up to Rs. 4 Lacs and 10.55% for loans above Rs. 4 Lacs to Rs. 7.5 Lacs.

  Interest rate of 11.55% for loans above Rs. 7.5 Lacs.

  Interest rate of 11.55% for Vocational Courses and 10.25% for Ward of Staff.

Fee Details

• Processing Fee :
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :
• MCLR : 8.55%

Documents Required

An application form
Salary certificate, IT return or assessment order as a proof of income.
Quotation/proforma invoice for a new car/ new two-wheeler
Valuation certificate from two reputed auto dealers for used car.

Key Facts

• A unique scheme to provide loan to students. Employed persons who want to pursue B.Ed/M.Ed courses. For meeting admission / tuition/ examination/ library/ lab Fee.

  Loan amount up to Rs. 25000.

  10% margin and Third party guarantee of one person.

  Repayable  in 12 equal monthly installments.

Fee Details

• Processing Fee : 0.05
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :
• MCLR : 8.9%

Documents Required

Photograph
Bank account statement of the last 6 months.
Identity Proof: Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card (PAN card only as identity proof)
Address Proof: Passport / Voter's ID card / Driving license / Aadhar card
Income Proof: Form 16 /Latest salary slips

Key Facts

• Borrow maximum up to Rs. 10 lakhs for studies in India and up to 20 lakhs for studies abroad.

  No security will be required for loan up to Rs. 7.5 lakhs covered under CGFSEL (Credit Guarantee Fund Scheme for Education Loan).

  Collateral security of suitable value /suitable third party guarantee along with the assignment of future income of the student for payment of instalments, will be required for loan above Rs. 7.5 lakhs.

  Loan to be repaid in 5 to 7 years after commencement of repayment. If the student secures employment during the holiday period, the repayment schedule should be advanced to commence immediately.

  The completion of the course includes internship or apprenticeship if compulsory for award of Degree.

  A maximum period of 2 years is permitted for completion if the student does not complete the course within the scheduled period.

  If the student is unable to complete the course for reasons beyond his control then extension may be granted if deemed necessary to complete the course.

  Accrued interest during the repayment holiday will be added to the principal and repayment in equated monthly installments (EMI) shall be fixed

Fee Details

• Processing Fee :
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :

Documents Required

Photograph
Bank account statement of the last 6 months.
Identity Proof: Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card (PAN card only as identity proof)
Address Proof: Passport / Voter's ID card / Driving license / Aadhar card
Income Proof: Form 16 /Latest salary slip

Key Facts

• Key Facts:
  Avail loan for studies in India and abroad

  The availed amount has to be repaid within 5 to 7 Years.

  Enjoy 0% processing charges.

  Interest rate of 12.20% for male students and 11.70% for female students, applicable on loan up to Rs. 7.5 Lacs

  Interest rate of 11.95% for male students and 11.45% for female students, applicable on loan above Rs. 7.5 Lacs to upto Rs. 10 Lacs.

  Interest rate of 11.70% for male students and 11.20% for female students, applicable on loan above Rs. 10 Lacs classified as Non-Priority

Fee Details

• Processing Fee :
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :
• MCLR : 9.10%

Documents Required

Photograph Bank account statement of the last 6 months. Identity Proof: Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card (PAN card only as identity proof) Address Proof: Passport / Voter's ID card / Driving license / Aadhar card Income Proof: Form 16 /Latest salary slip

Key Facts

• You can avail a loan of up to Rs. 10 Lacs for education in India and Rs. 20 Lacs for education abroad.

  No restriction on the age of the student.

  If the student was a minor at the time when the joint applicant / co-borrower / guarantor executed the document for the loan, the bank will obtain a letter of ratification from him/ her upon attaining majority.

  Pros:
  Prepayment Available
  Doorstep service
  Simplified documentation
  Quick Approval
  Cons:
  Good Credit History Required
  No Prepayment for the First 12 Months

Fee Details

• Processing Fee : 2
• Pre Closure Fee : 5% foreclosure charges
• Part Payment Fee : 0
• Late Payment Fee : 3% of the overdue amount.
• MCLR : 8.50%

Documents Required

Application Form
2 photographs
Proof of Identity
Proof of Residence
Signature verification from bank
Income Details: Latest payslip or Form 16 or 2 years ITR for Co-applicant and Latest payslip or Form 16 or 2 years ITR for Guarantor.
Proof of Ownership, for Co-applicant and Guarantor.
Proof of Relationship
Confirmed admission letter of the student.
Letter from college, including the details of course and fee structure to be paid.
Academic Pass out Mark sheet/Certificate.

Key Facts

• Avail loan to meet expenses connected with the pursuit of specific courses of study at recognized institutions, including professional/job-oriented courses, which offer reasonable opportunity for employment & loan repayment capacity on successful completion.

  Borrow maximum up to Rs. 10 lakhs for studies in India and maximum Rs. 20 lakhs for overseas studies, subject to the repayment capacity of the student including margin.

  Higher quantum of loan can be sanctioned on a course to course basis like IIMs, ISB, etc.

  Interest rate of 11.45% per annum for loan up to Rs. 7.5 Lacs covered under CGS Scheme.

  Interest rate of 12.55% per annum for loan for male students and 12.30% for female students.

  The interest subsidy is applicable only for loans given for Professional and Technical courses after 12th Standard in India. Interest subsidy can be extended in respect of courses where the fee structure is more than Rs. 10.00 lacs. However, interest subsidy should be calculated for loans up to Rs.10.00 lacs only.

  Servicing of interest during study period and the moratorium period till commencement of the repayment is optional for the student.

  The loan documents are to be executed by both the student and the parent/guardian/grandparent/spouse as co-borrowers.

  However, where collateral securities of third parties are obtained, the guarantee of the owners of the security is to be obtained.

  Repayment period of up to 10 years for loan up to Rs.7.50 lacs and 15 years for loan above Rs. 7.50 lacs.

  If the student is not able to complete the course within the scheduled time, extension of time for completion of the course may be permitted for a maximum period of 2 years by an authority at least one level above the sanctioning authority.

Fee Details

• Processing Fee :
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee : 2% p.a. will be charged additionally for the overdue period in respect of loans above Rs. 2 lacs
• MCLR : 9.45%

Documents Required

Application form & appraisal form as prescribed in our circular instructions.
Certified copy of admission letter issued by the college/university/ institute.
Certified copies of relevant past academic records, including mark sheets, examination/degree/ diploma certificates, etc.
Copies of prospectus, syllabus and full details of course of study along with details of tuition fee & other fees payable.
Testimonials from two professors/ teachers of the college/school last studied.
Copy of IT/WT assessment orders of the parent/grandparent/ guardian, if an assessee.  If the student himself is an assessee, then copies of the latest IT/WT assessment order pertaining to his income/wealth.
Form 111 of the parent/guardian / grandparent/student.
Legal opinion and valuation report on the property offered as collateral security.
In the case of students going abroad, besides the above, copies of the Passport, Visa, details of scholarships/assistance if any and the necessary evidence of admission to the institution abroad, etc. to be obtained and verified with the originals. 

Key Facts

• Avail loan for deserving/meritorious students for pursuing higher education in India and abroad.

  Borrow up to Rs. 10 Lacs for studies in India and Rs. 20 Lakhs for overseas studies, subject to repaying capacity of the parents/students with margin.

  Interest rate of 9.90% - 11.25% for loan up to Rs. 4 Lacs and 10.40% - 12.25% for loan above Rs. 4 Lacs.

Fee Details

• Processing Fee :
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee : % shall be charged on amount in default upto six months for the period of default. If default period exceeds six months, penal interest @2% p.a. shall be levied on entire period of default.
• MCLR : 8.40%

Documents Required

Photograph
Bank account statement of the last 6 months.
Identity Proof: Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card (PAN card only as identity proof)
Address Proof: Passport / Voter's ID card / Driving license / Aadhar card
Income Proof: Form 16 /Latest salary slip

Key Facts

• Avail loan to provide financial support to meritorious students for pursuing higher studies in India & abroad with affordable terms & conditions.

  Avail loan maximum up to Rs. 25 lacs for admission in Premier institutions and up to Rs. 10 lacs for Reputed institutions and university.

  Enjoy 0% processing fee on education loan.

  Education Loan can be sanctioned at place of domicile/nearest to residence/native place/Nodal Branch as per option of the student, valid for Premier and Reputed institutions.

  Education loan for Diploma and degree courses simultaneously may also be considered for two / dual courses provided by the educational institutions.

  Top-up / Second Education Loan can be permitted for pursuing higher education in view of better placement prospects.

  Life Insurance policy for the students is available.

  Repayment period of upto 15 years, excluding moratorium period i.e. Study period plus grace Period.

  An interest rate of 8.45%% for Premier and 8.95% for Reputed institutions and universities.

  Enjoy a 0.50% concession for Girl Student/ SC/ ST/ Disabled, subject to minimum of One Year MCLR.

Fee Details

• Processing Fee : 0.50
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :
• MCLR : 8.45%

Documents Required

• Loan application Form

• Passport size photograph of applicant, co-applicant & guarantor

• Identity proof

• Residence Proof

• Age proof

• Income Proof

• For Salaried, salary certificate issued by the employer / Income Tax return

• For Agriculturist, record of landholding & cropping pattern or any other proof of income.

• For all other individuals, last 2 yrs. IT return & computation sheet / Bank A/C statement.

• In case of takeover: Copy of home loan account statement for the entire period / Certificate from the lending institution giving pre-closure amount

Key Facts

• Avail loan to provide financial support to meritorious students for pursuing higher education in India.

  No cap on the maximum loan amount, subject to repayment capacity of the parents/students after completion of course.

  Reimbursement of fees paid within six months may be permitted on individual merits of the case.

  Parents / Guardian needs to joint borrower for loan amount up to Rs. 7.5 lacs. No tangible Security or third party guarantee is required.

  A tangible collateral security of suitable value would be acceptable to bank, if loan amount exceeds Rs. 7.5 Lacs.

  You can repay the loan amount in as long as 15 years.

  The applicable rate of interest as 10.35% for loan amount up to Rs. 7.5 Lacs and 10.95% for loan amount exceeding Rs. 7.5 Lacs.

  An interest rate of 9.45% applicable irrespective of loan amount, where 100% tangible collateral security in the shape of IP, enforceable under SARFAESI Act, and/or liquid security is available.

Fee Details

• Processing Fee :
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :
• MCLR : 8.35%

Documents Required

Photograph
Bank account statement of the last 6 months.
Identity Proof: Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card (PAN card only as identity proof)
Address Proof: Passport / Voter's ID card / Driving license / Aadhar card
Income Proof: Form 16 /Latest salary slip

Key Facts

• vail loan for pursuing higher education in India and Overseas.

  Avail maximum up to Rs. 10 Lacs for education in India and maximum Rs. 20 Lacs for overseas education. However, a loan of higher limits may also be sanctioned by the bank on course to course basis such as courses in IIMs, ISB etc.

  Repayment of the loan should be completed within maximum 15 years of disbursal.

  Enjoy 0% prepayment charges after commencement of repayment.

Fee Details

• Processing Fee :
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :
• MCLR : 8.75%

Documents Required

Photograph
Bank account statement of the last 6 months.
Identity Proof: Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card (PAN card only as identity proof)
Address Proof: Passport / Voter's ID card / Driving license / Aadhar card
Income Proof: Form 16 /Latest salary slips.

Key Facts

• Avail up to 100% finance for the education in India, subject to maximum Rs. 30 lacs.

  Enjoy quick sanction at Designated Campus Branch or more than 5000 Selected Branches all over the country.

  Enjoy flexible repayment period of upto 15 years.

  In case second loan is availed for higher studies later, the repayment period will start after completion of second course.

  Enjoy simple interest rate during the moratorium period.

  Get Income Tax rebate under Section 80(E) in respect of interest paid.

  Enjoy a 0.50% concession in interest for girl students.

  Avail a 1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration.

  Earn 2 reward points on repayment of each EMI, valid for each Rs. 1000 paid within monthly due date.

Fee Details

• Processing Fee :
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee : 2% per annum over and above the applicable interest rate on the overdue amount for the period of default.
• MCLR : 8%

Documents Required

Key Facts

• Borrow minimum Rs. 5000 to maximum up to Rs. 15,0000. The estimated per month fees, based on sector & NSQF level, will be available with the NSDC.

  Repayment period as long as 84 months or 7 years.

Fee Details

• Processing Fee :
• Pre Closure Fee : Up to 2% of prepaid amount.
• Part Payment Fee : 0
• Late Payment Fee : 2% over the applicable interest rate
• MCLR : 9%

Documents Required

Photograph
Bank account statement of the last 6 months.
Identity Proof: Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card (PAN card only as identity proof)
Address Proof: Passport / Voter's ID card / Driving license / Aadhar card
Income Proof: Form 16 /Latest salary slips

Key Facts

• Borrow maximum up to Rs. 10 lakhs for studies in India and Rs. 20 lakhs for overseas studies.

  No processing or documentation charges.

  Parents to be the joint borrowers is mandatory.

  An interest rate of 10% will be levied for loan up to Rs. 4 lakhs, 10.25% for loan above Rs. 4 lakhs to Rs. 7.5 lakhs and 11.25% for loan above Rs. 7.5 lakhs

Fee Details

• Processing Fee :
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :
• MCLR : 8.50%

Documents Required

• Applicant to submit proof of Identity

• Xerox copy of admit card

• Admission letter

• Photo of the applicant

Key Facts

• Avail loan for pursuing higher education in India and Overseas.

  Repayment of the loan should be completed within 15 years after commencement of repayment.

  Processing charges collected at the time of loan application, will be refunded upon the student taking up the course. 

Fee Details

• Processing Fee : 1
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee : 2% p.a. over and above the above rate of interest on the balance outstanding
• MCLR : 9.40%

Documents Required

• Proof of Income (IT Return / Balance Sheet / Salary Certificate / Others).

• Civil Engineer’s Estimation.

• Copy of Title Deed of the Property, if applicable.

• Approved Plan, if applicable.

• Letter from Third Party Guarantor, if applicable

Key Facts

• Avail loan to provide financial support at preferential terms to students who have secured admission in 8 premier educational institutes in the country such as IIM and ISB to enroll in full-time Degree / Diploma courses.

  Avail maximum up to Rs. 30 Lacs inclusive of group credit life insurance premium.

  Repayment of the loan must be completed within 15 years of disbursal, excluding moratorium period which is 1 year in addition to course period.

Fee Details

• Processing Fee :
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :
• MCLR : 8.55%

Documents Required

Photograph
Bank account statement of the last 6 months.
Identity Proof: Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card (PAN card only as identity proof)
Address Proof: Passport / Voter's ID card / Driving license / Aadhar card
Income Proof: Form 16 /Latest salary slips

Key Facts

• Avail loan for basic education, pursue graduation / higher education or pursue technical / professional / management courses in India or Abroad.

  Borrow maximum upto Rs. 20 Lakhs for studies in India. The quantum of loan is higher for the institutes covered under Special Education Loan schemes. 

  Borrow a maximum amount of up to Rs. 30 Lakhs for studies abroad.

  Enjoy moratorium period of 1 year in addition to the course period.

  Repay your education loan within flexible tenure of up to 15 years, excluding the moratorium period.

  If interest is regularly serviced during the course and moratorium period, i.e. prior to the commencement of repayment, then the student is eligible for interest rebate. Please contact the nearest branch for details.

  Enjoy 0% processing charges.

  If covered under CGFSEL (Credit Guarantee Fund Scheme for Education Loan), an interest rate of 10.40% will be charged for loan up to Rs. 7.5 Lakhs.

  If not covered under CGFSEL, an interest rate of 11.55% for loan up to Rs. 4 lakhs, 11.30% for loan above Rs. 4 lakhs to Rs. 7.5 lakhs, and 10.40% for loans above Rs. 7.5 lakhs.

  A 0.50% concession in interest rate is offered for female student, only if loan is not covered under CGFSEL.

Fee Details

• Processing Fee :
• Pre Closure Fee : Up to 2%
• Part Payment Fee : Up to 2%
• Late Payment Fee : 2% on the overdue amount
• MCLR : 8.40%

Documents Required

Proof of identity (any one): Passport / PAN Card / Employee identity card / Any other valid proof

• Proof of address (any one): Electricity bill / Telephone bill / Aadhar / Any other valid proof

• PAN Card

• Last 12 months bank statement

• Admission letter / admit card along with Schedule of expenses including fee structure and living expenses and Marksheets (Class X or equivalent onwards).

• 3 photographs

• Proof of out-goes: Loan repayment statement (if any), LIC Policies (if any) and Valid proof of any other outgo.

Key Facts

• Avail loan to higher studies in India and Overseas.

  Avail maximum of Rs. 10 Lacs for studies in India and Rs. 20 Lacs for studies overseas.

  Repayment of the loan should be completed within 15 years of disbursal.

Fee Details

• Processing Fee : 1
• Pre Closure Fee : 0
• Part Payment Fee : 0
• Late Payment Fee :
• MCLR : 8.55%

Documents Required

Photograph
Bank account statement of the last 6 months.
Identity Proof: Voter's ID card / Driving license / Job card issued by NREGA / Aadhaar card / PAN card (PAN card only as identity proof)
Address Proof: Passport / Voter's ID card / Driving license / Aadhar card
Income Proof: Form 16 /Latest salary slips