According to vidya scheme by Central government one can claim Interest Subsidy by submitting two documents at the branch where you have availed education loan
First know your eligibility for availing Interest Subsidy:
1. Your family income should be less than Rs. 450000.
2. Loan period should be in moratorium which means course should not have finished.
Moratorium period is course period + 1 year if the student have not got the job or course period + 6 months if the student has got the job within 6 months of completing the course.
3. Course should be in India and technical course which means from university recognized by UGC or Indian Government. Students studying abroad are not eligible.
Documents required to be submitted at the branch once during the tenure of the loan or validity of the documents.
1. Agreement executed with Rs. 200 e-stamp paper executed between you and bank
2. Income certificate given by Tahsildar should be submitted in original to the loan branch
All the formats for above documents are available at all branches which you need to execute with concerned authorities.
First know your eligibility for availing Interest Subsidy:
1. Your family income should be less than Rs. 450000.
2. Loan period should be in moratorium which means course should not have finished.
Moratorium period is course period + 1 year if the student have not got the job or course period + 6 months if the student has got the job within 6 months of completing the course.
3. Course should be in India and technical course which means from university recognized by UGC or Indian Government. Students studying abroad are not eligible.
Documents required to be submitted at the branch once during the tenure of the loan or validity of the documents.
1. Agreement executed with Rs. 200 e-stamp paper executed between you and bank
2. Income certificate given by Tahsildar should be submitted in original to the loan branch
All the formats for above documents are available at all branches which you need to execute with concerned authorities.
Education Loans has really helped students to fulfill their educational goals in life. Also for more such Blog visit - Education Loan Interest
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