Aspire Educational Loan

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• Financial support for higher studies to achieve your career aspirations (any reputable local or foreign education institute).
• Help your children/siblings pay for their higher studies at local or foreign educational institutes/universities.
• If the student is over 18 years of age, he/she should be included as a co-borrower.
• One-year grace period.

• The child (if above 18 years of age) should be a co-applicant for the said loan
• Minimum of Rs 50,000 and a maximum of Rs 2.5Mn without any collateral/guarantors
• More than Rs 2.5Mn and up to Rs 7.5Mn – need to provide tangible collateral acceptable to the bank
• Basic minimum remuneration of Rs 50,000 without fixed allowances
• Minimum of Rs 50,000 and a maximum of Rs 2.5Mn without any collateral/guarantors
• More than Rs 2.5Mn and up to Rs 7.5Mn – need to provide tangible collateral acceptable to the bank
• Salary should be deposited directly into the given bank account or installment payments should be made via a standing order
• Basic minimum remuneration is Rs 50,000 without fixed allowances
• In case of purchase of a Laptop or a Desktop computer, a proforma invoice also should be submitted & all payments will be directly paid to the vendor

• Completed application form
• National ID Card/Driving License/Passport
• Documents to prove repayment capacity
• Salaried - Recent salary slips (03)
• Birth certificate of the child
• Documents regarding collateral (if applicable)
• Documents issued by the relevant institute with regard to the cost of the educational programme