Package Documents
You can apply for this loan right now if you meet the following criteria:
Education
- Minimum age of the applicant should be 20years and maximum 35 years.
- Need Higher National Certificate (HNC) or Higher National Diploma (HND).
- Scoring high grades/ranking in the qualifying exams.
- Displaying good prospects for future employment/income generation.
- Strong financial background of parents/guardians/co-borrower.
Service Holder
- Minimum age of the applicant should be 21years and maximum 65 years.
- Govt. and permanent salaried employees with a minimum income of 400 USD per month are eligible for loan
- At least 6 months experience in their current job with a total experience of 3 years
- CIBIL score should be 700 or more than that with a good credit history which is equally important to get approvalon loan application
- The borrower must be creditworthy or have a creditworthy cosigner
- Creditworthiness can be measured using credit scores, annual income, debt-to-income ratios and employment history.
- The minimum legal age of a private student loan borrower may depend on the state of residence. The age of majority is 21years
- Eligibility also can depend on a degree, academic major or participating school.
Bussinessman
- Age should be greater than 21 years and less than 65 years on liquidation of the loan
- The business should be operational for a minimum continuous period of 6 months
- The quarterly turnover should be higher than 1500 USD
- The business activity should not be in the negative list, and the location of the business should not be in a restricted site.
- Operate for profit
- Be engaged in, or propose to do business
- Have reasonable owner equity to invest
- Use alternative financial resources, including personal assets, before seeking financial assistance.
Under Privileged People
- Minimum age of the applicant should be 15years and maximum 65 years.
- Have reasonable owner equity to invest
- Use alternative financial resources, including personal assets, before seeking financial assistance.
- The borrower must be creditworthy or have a creditworthy cosigner
Quota (Special)
- Age should be greater than 21 years and less than 60 years on liquidation of the loan
- The patriot should be operational for a minimum continuous period of 1 year
- The patriot should be citizen of this country
- Loans have long terms, ranging from 10 to 25 years, and affordable interest-rates.
- Age should be greater than 40 years and less than 75 years on liquidation of the loan
- The person should be citizen of this country
- Loans have long terms, ranging from 15 to 25 years, and affordable interest-rates.
- To avail is this aged loan, he should be minimum earning income 500 USD .
- The borrower should be citizen with a minimum of 40% disability.
- The applicant should be aged between 18 years and 55 years
- The annual income of the applicant should be at least 500 USD in urban areas and 400 USD in rural areas.
- The applicants should preferably be frequent members of self-help groups such as Thrift and Credit Group.
Our service is designed to support your various needs including:
- Home improvement / renovation
- Meeting financial liabilities
- Sole proprietorship or limited liabilities
- Domestic or foreign travel
- Medical treatment for self/family members
- Special Quota like superpatriot, aged & disable people
- Purchase of consumer durables
- Education
- Other needs
Edication
- Copies of National ID Card & TIN of Borrower, Student and Guarantor (if available)
- Fully Completed and Signed Application Form
- Salary/ Income Certificate stating net earning
- Copy of Passport with valid visa of the student
- Academic Documents of Student
Service Holder
- Photocopy of NID/Smart card of Loan applicant and guarantor
- 3 copies of Passport size lab print photograph of Loan applicant and 2 copies of guarantor
- Visiting Card/Business card/Office ID copy of both loan applicant and guarantor
- Latest E-TIN of customer
- Sanction letter and repayment statement of existing loans (if any)
Bussiness Loan
- Photocopy of NID/Smart/passport/driving lisence or any other valid documents form government
- 3 copies of Passport size lab print photograph of Loan applicant and 2 copies of guarantor
- Bank account statements
- Registration documents or tax payment receipt
- Shop registration certificate
