Student Loan Assistance Document

We understand that higher education is a high investment proposition. In our endeavor to facilitate students who might require a bank loan to finance their education, we have tied up with multiple institutions & banks to make the process easier. Though most banks and institutions are excited to entertain the loans on the strength of admission letter of DBS Group institutions, however it may depend on the credit history of the co-applicant and academic performance of the applicant.

Tie up with IDFC First Bank

DBS Group has tied up with IDFC First Bank to help students for availing education loans from all over the country. To visit the bank’s loan website, click here

Contact Person: Mr. Abhishek Kumar (9599035022)

Tie up with Credenc

Doon Business School has tied up with Credenc which is an aggregator for loans with various banks.

Contact Person: Mr. Sandeep Vishwas (8802912223)

For more details about the tie up with Credenc: https://www.credenc.com/financial-aid- doon-bs

Tie up with Propell

Doon Business School has tied up with Propell to help students avail education loans easily from several banks and NBFCs.

Contact Person: Mr. Vikas Bhardwaj (8930748758)

Applicants seeking to avail Education loans through nationalised banks via the Vidyalakshmi Scheme, click here and follow the instructions:
https://www.vidyalakshmi.co.in/Students/

Click Here for General Guidelines for applying for loans from HDFC Credila and other similar schemes:
http://www.hdfccredila.com/apply-for-loan.html

Click on the following links for Assistance in Educational Loans from Different Public and Private Banks:

• Syndicate Bank - https://www.syndicatebank.in/downloads/SyndVidya.pdf
• Bank of India - https://www.bankofindia.co.in/EducationLoan
• Oriental Bank of Commerce - https://www.obcindia.co.in/content/education-loan#
• Kotak Bank - https://www.kotak.com/en/personal-banking/loans/education-loan/apply-for-education-loan.html
• State Bank of India - https://www.sbi.co.in/portal/web/student-platform/student-loan
• Punjab National Bank - https://www.pnbindia.in/education.html
• Bank of Baroda - https://www.bankofbaroda.com/baroda-gyan-loan.htm

Expenses considered for Loan:

• Fee payable to college for education
• Hostel/Boarding & Lodging expenses
• Examination/Library/Laboratory Fee
• Caution deposit, building fund/refundable deposit supported by Institution Bills
• Purchase of Books and uniforms
• Purchase of computer/laptop at reasonable cost
• Any other expense required for completion of the course - Study tours, project work, thesis etc.
• You can also take a loan for out-of-pocket expenses

Security Required

Documents to be kept ready by the students for submission to Bank for Education Loan:

1. Proof of identity - any one of the following (for student and Co-Borrowers): Voter ID Card / Passport / Driving License / PAN Card / Aadhar
2. IT returns of the last 2 years and computation of income of last 2 years certified by a Chartered Accountant (for co-borrowers)
3. Proof of residence - any one of the following (for student and Co-Borrowers):
   
   • Latest electricity bill
   • Latest mobile / telephone bill
   • Existing house lease agreement
   • Bank Statement / Passbook of last 6 months
4. At least 3 latest photographs of Student and the co-borrower
5. Copy of admission letter of the Institute along with fees schedule
6. Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses

*It is advisable to take disbursements on annual basis as sometime if the schedule of disbursement is taken on semester basis, the bank would demand the results of the previous semester. Which, in case delayed, the payment of fees to institution may get delayed and leads to uncertainty and discomfort.

For any other assistance on loans the applicant may text to Prof. Swastik Dutta - 9804900049