Is income proof mandatory for education loan?

Applicants who are working at any private/public concern or an MNC need to submit their latest salary slips as income proof. You can provide Aadhaar card, PAN card, Voter ID, etc. as your proof of identity to process the Study Loan. Address proof may include Passport, Driving License, PAN card, Aadhaar card, etc.

Can a salaried person apply for education loan?

Both self-employed professionals/non-professionals and salaried applicants can apply for this Education Loan in India.

Is there any limit for education loan?

Under education loan scheme, you can get a maximum of 15 lakhs for studies in India and more 25 lakhs for abroad studies. If the loan is above 7.5 lakhs, you will have to furnish the bank with collateral documents.

Is Passport required for education loan?

ID Proof (any one of the following) : Passport, PAN card, Voter’s ID card, Driving License, Aadhaar card, etc. Address Proof (any one of the following) : Driving license, Ration card, Voter’s ID card, Passport, Aadhaar card, etc.

Is getting education loan easy?

Easily available: Education loans are widely and easily available. In fact, they are a priority product in all banks as per the RBI’s guidelines. Varied loan amounts: Banks can offer loans anywhere between Rs. 2 lakhs and Rs.

Is bonafide required for education loan?

Current academic documents required for education loan: Proof of admission: conditional offer letter/letter of admission/permanent admission letter/counselling seat allocation certificate/bonafide certificate.

What are documents for education loan?

Documents required for Education Loan

• KYC documents.
• Bank Statement / Pass Book of last 6 months.
• Optional – Guarantor Form.
• Copy of admission letter of the Institute along with fees schedule.
• Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses.

What is the income limit for Non Creamy layer in JEE Mains?

Candidates whose parent’s income is less than 6 lacs per annum come under non creamy layer of OBC and eligible for reservation benefits. As your income is more than 6 lacs, you will be under creamy layer of OBC. You are not eligible for non creamy layer. Last date to apply for JEE Main exam is already over.

How much will be the new tax on income above 15 lakh?

Income above Rs 15 lakh will be taxed at 30 per cent. NEW DELHI: Individuals having an annual salary income of over Rs 13 lakh and availing deductions of up to Rs 2 lakh will save on their tax outgo if they opt for the new tax regime proposed in the Budget, government sources said on Sunday.

Can I apply for OBC non creamy later with 9 lakhs income?

No, you are not eligible under OBC non creamy later with an annual income of 9 lakhs. Earlier it was used to be upto 6 lacks i.e., annual income must not exceed 6 lakhs in order to come under this OBC non creamy later category. But this year, Government has increased the limit up to 8 lakhs.

What is the average savings of a person with 14 lakhs?

On salary of Rs 14 lakh a year, savings would be Rs 10,400; and for those with income of Rs 15 lakh and above, savings would be Rs 15,600, provided the deductions claimed are up to Rs 2 lakh.