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Tuesday, August 18, 2009

JITO Educational Loan Programme

How to apply


  • Fill in the short application form available on www.jito.org

    You forward us the E-mail that you receive from the agency after submitting this form.

    From the E-mail: You need to submit the form and the required documents / attachments along with the Oriental Bank of Commerce Form at our office

Salient Features

Attractive Interest rates
Quicker processing
For Loan less than Rs 1 Lac pa - Interest @ 4.5% for Female / 5 % for Male

Following is the student loan application process:


  1. Complete Student Loan Application Form
  2. Submit validated supporting documents
  3. Student interview with Credila
  4. Verify student enrollment
  5. Check credit reporting agency report for borrower & cosigner
  6. Check credit reporting agency report for borrower & cosigner
  7. Perform risk analysis using Credila’s “Predictive Credit Scoring Model”
  8. Approve or deny loan
  9. Sign a Promissory Note
  10. Get signed post dated checks & other documents
  11. Disburse education loan


ALL THE BEST

4 comments:

  1. when will ebc scholarships will be announced for 2009-10 please tell me this imformation please mail to my mail ajay_ajay323@yahoo.com

    ReplyDelete
  2. The Student Loan can help finance your or your child’s tuition. These days the majority of students and parents go for external financing. Most lenders provide student loan to a person with no or bad credit history but for a limited amount of money. To get a loan with larger credit limit, the help of a co-signer is required. Like any other loans as mortgage loan or home loan, a Education Student Loans Online is a contractual promise of a debtor to repay a sum of money in exchange for the promise of a fixed sum of money. There are lots of Student Loan Options that are offered by various Banks and Institutions, which can assist with your application.

    ReplyDelete
  3. Education is a very costly affair, nowadays. Especially, if you are opting for professional courses in engineering and management, the cost of education makes it inevitable that you borrow a student loan. Sometimes the fees for courses cannot be covered in a single educational loan and multiple private educational loans have to be opted for. The repayment period for educational loans are generally quite long.

    ReplyDelete
  4. Wow that great really it will motivate them to grow up and they can achieve their goals easily.

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    ReplyDelete

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