Application For The Educational Loan

Form No. 30 (E L)

APPLICATION FOR THE EDUCATIONAL LOAN

Serial No.:.........................................
Date:.................................................
To
The Branch Manager,
Punjab & Sind Bank,
........................................................................

1. Application:
I hereby apply for a Term Loan of Rs. .............................................................. (Rs. ..........................................................) calculated as under, repayable in .........................................................monthly instalments, beginning ................years after the disbursal of the Loan to enable me to pursue higher education in .......................................................................

Tuition fee, cost of books, examination fee etc.: …………………………………………........................................
Maintenance Expenses: .................................................................................................
Travelling expenses (for abroad studies only) .................................................................................................
TOTAL: .................................................................................................
Amount of Loan Required: .................................................................................................
1
2- Personal Background of the Student .................................................................................................
Name in Full .................................................................................................
Date of Birth and age .................................................................................................
Nationality .................................................................................................
What is the student doing at present .................................................................................................
If he married? If yes, the number of children/dependents .................................................................................................
- Father's name in full .................................................................................................
- Guardian's name in full and relationship with him .................................................................................................
- Address of Father/Guardian .................................................................................................
.................................................................................................
.................................................................................................
3-
Educational Qualifications: (From SSC onwards upto date)

Examination Institution University Year or passing Attempts made Percentage of marks Class obtained
1 2 3 4 5 6

(Please enclose marks list of the last examination cleared and also testimonials from two professors from the college last attended)
2
4-
Particulars of Scholarships/prizes won for academic distinction
Examination Specify academic Name of the Amount Duration of Scholarship distinction for awards Scholarship/Prize Scholarship/Prize From _____ To _____
1 2 3 4 5
Enclose proof
5- Father's/Guardian's Financial Status/Family particulars:
d- Occupation (Full Particulars) .................................................................................................
Income per month .................................................................................................
Age .................................................................................................
- If in service, the age of Retirement .................................................................................................
- Number of dependents .................................................................................................
- Details of income of any other member of family, if earning..............................................................................................
6- Particulars of the Course for which the loan is required
- Name of the Course .................................................................................................
Duration (Is the course full time) .................................................................................................
- Institution/University .................................................................................................
Other particulars .................................................................................................
1 Details of Tuition fee .................................................................................................
1st year of the course .................................................................................................
3
2nd year of the course .................................................................................................
3rd year of the course .................................................................................................
4th year of the course .................................................................................................
5th year of the course .................................................................................................
2- Essential Books .................................................................................................
Stationery .................................................................................................
Equipment if any .................................................................................................
3-Examination Fee .................................................................................................
1st year of the course .................................................................................................
2nd year of the course .................................................................................................
3rd year of the course .................................................................................................
4th year of the course .................................................................................................
5th year of the course .................................................................................................
4- Travelling Expenses (For study abroad only) .................................................................................................
TOTAL: .................................................................................................
7-1Details of estimated monthly Maintenance expenditure during the period of Course/Studies:
d- Rent Rs............................................................................................
Boarding Rs............................................................................................
Clothes Rs............................................................................................
Sundries Rs............................................................................................
2-Estimated maintenance expenditure during the period of the course (7.1) x 12 x duration of the Course .................................................................................................

8- Sources of finance (apart from the bank loan now applied for)
rd Non repayable scholarship/student ship fellowship or -------------------------------------------------------------------------
other financial assistance Rs....................…………….......p.a. for ..........…..............years
commencing from ........………............ to .....………................
Rs. ..........................................………………...........................
TOTAL Rs.: ............................................................................………………

b) Repayable scholarship or other financial assistance (State terms of repayment): Rs. ..........................................................................................

Funds available from: Family sources : ..........………………...........................per year
for .......……….......years Rs. ................……...........................
TOTAL: .................................................................................................
9- Please state in brief how the completion of the course is going to help the student in improving his prospects of earning his livelihood:

Expected income per month Rs............................................................................................

Anticipated monthly expenditure Rs............................................................................................
Balance: Rs.

Amount available for repayment of the Loan: Rs............................................................................................
10-
. Any other useful information Rs............................................................................................

I certify that, to the best of my knowledge and belief, the information furnished herein is true and correct. I promise to abide by the terms and conditions governing the grant of loan.
Signature
5GUIDELINES ON FAIR PRACTICES – CODE FOR LENDERS (ANNEXURE TO LOAN APPLICATION FOR LOAN LIMIT)
1- Fees/charges payable for processing (No charges upto Rs. 25,000/-) ...............……………………...................
2- Charges refundable in case of non-acceptance of application ...................……………………...............
3- Pre-payment options (option available) Yes/No
Details of incentives available for timely payment of bank's dues .............…………………….....................
Penal charges for delayed payment .................................…………………….
Details of penalty for pre-payment of bank's dues .................................…………………….
4- Any other matter which affects the interest of the borrower
d- Margin requirement...................................................................................................................................……………
Rate of Interest.........................................................................................................................................…………….
Security Norms.......................................................................................................
6

-.CHECK LIST FOR LOANS
Loan application on prescribed form alongwith Annexure specified.
Copy of proof of residence
Three latest photographs
Copies of revenue records of land holding
Non-encumbrance certificate
Details of collateral security/Guarantees, wherever required Project report
Other Specific requirement
1. .........................................................................................…………………..................................................................
2. ................................................................................................................…………………...........................................
3. ..................................................................………………….........................................................................................
7

Form No. 30 (E L)

RECEIPT/ACKNOWLEDGEMENT OF LOAN APPLICATION
Serial No. : _________________ Branch : ____________________
Date :
Received from of Shri/Smt./Kum______________________________________ S/O, W/O, D/O ___________________________________ R/O______________________________________________________________________________________________________________
application for credit facilities for funded limit(s) of Rs.___________________ and non-funded limit(s) of Rs.__________________ along with documents as per check list. Processing fee of Rs._______________________ shall be charged on the sanctioned amount. Disposal of the loan application shall be done within___________________________ days subject, however, to submission by you of complete information desired by the bank for appraisal of your loan application.
Signature Signature of Branch Manager
Name : __________________________ Name : ____________________________
Designation : __________________________
Date : __________________________
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
RECEIPT/ACKNOWLEDGEMENT OF LOAN APPLICATION
Serial No. : _________________Branch : ____________________
Date :
Received from of Shri/Smt./Kum______________________________________ S/O, W/O, D/O ___________________________________ R/O______________________________________________________________________________________________________________
application for credit facilities for funded limit(s) of Rs.___________________ and non-funded limit(s) of Rs.__________________ along with documents as per check list. Processing fee of Rs._______________________ shall be charged on the sanctioned amount. Disposal of the loan application shall be done within___________________________ days subject, however, to submission by you of complete information desired by the bank for appraisal of your loan application.
Signature Signature of Branch Manager
Name : _______________Name : _______________
Designation : __________________________
Date : __________________________ 8