Telangana Grameena Bank Education Loan

The Telangana Grameena Bank was established in 2006. Savings accounts, fixed deposits, recurring deposits, loans, personal loans, net banking, RTGS, NEFT, IMPS, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, and many more are among the financial services offered to its customers. 

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Purpose of Telangana Grameena Bank Education Loan 

To help deserving students so that they can finish their education, especially higher education. The objective of this scheme is to guarantee that deserving students don't miss out on opportunities due to financial considerations. 

Interest Rate of Telangana Grameena Bank Education Loan 

Below table shows the interest rate of Telangana Grameena Bank education loan: 

Particulars  

Interest Rate 

Studies in India 

10.65% 

Studies Abroad 

10.65% 

Telangana Grameena Bank Eligible Courses for Education Loan 

The following criteria allow for the availability of education loans: 

  1. The University Grant Commission, the All-India Council for Technical Education (AICTE), and the Indian Council for Medical Research, Government of India, have recognized graduate, postgraduate, diploma, and professional courses 
  1. Career-focused professional or technical courses offered by reputable international educational institutions, etc. 
  1. Vocational or skill development courses that are sanctioned or recognized by the government 
  1. Courses offered by XLRI, NIFT, IISC, IIM, IIT, and others 
  1. Courses that reputable international universities provide in India 
  1. Other courses that lead to a diploma, degree, etc. are offered by colleges and universities that have been approved by the government, such as the UGC, the AICTE, the AIBMS, the ICMS, etc. 

Documents Required for Telangana Grameena Bank Education Loan 

Here is the list of documents to be submitted for Telangana Grameena Bank education loan: 

For Salaried Individuals 

  1. completed and signed application for an education loan, together with supporting documentation 
  1. Know Your Customer (KYC) records 
  1. Identity proof such as passport, voter ID card, driver's license, PAN card, Aadhar card, and government department ID cards 
  1. Form 16 with the most recent salary certificate or the most recent salary slip with all deductions 
  1. Proof of address such as credit card statement, bank account statement, electricity bill, and phone bill. existing lease on a house 
  1. A bank statement or bank passbook with entries from the previous six months. 

For all Individuals Except Salaried 

  1. completed and signed application for an education loan, together with supporting documentation 
  1. Know Your Customer (KYC) records 
  1. Last two years' worth of IT returns and income calculations verified by a chartered accountant 
  1. Identity proof such as Passport, voter ID card, driver's license, PAN card, Aadhar card, and government department ID cards 
  1. Proof of address such as credit card statement, bank account statement, electricity bill, and phone bill 
  1. A bank statement or bank passbook with entries from the previous six months 

FAQs on Telangana Grameena Bank Education Loan

  • What is the maximum loan amount offered by Telangana Grameena Bank for education?

    Telangana Grameena Bank offers maximum loan of Rs 20 lakh for study abroad and Rs 10 lakh for studies in India. 

  • What courses are covered under the Telangana Grameena Bank education loan?

    Under Telangana Grameena Bank, the education loan covers undergraduate and postgraduate studies, professional courses including engineering, medicine, and master's degrees, as well as technical and vocational training and authorized international university programs. 

  • What documents are required to apply for Telangana Grameena Bank education loan?

    Identity proof (passport, voter ID, PAN card, etc.), KYC records, proof of address (phone bill, energy bill, etc.), bank statement, salary slip, and passport-sized photos are necessary documents required for a Telangana Grameena Bank education loan. 

  • What is Telangana Grameena Bank's customer care number?

    You can reach Telangana Grameena Bank through 1800 532 7444 or 1800 833 1004. 

  • What is the purpose of Telangana Grameena Bank education loan?

    The purpose of this scheme is to help deserving students so that they can finish their education, especially higher education, and also guarantee that deserving students don't miss out any opportunities due to financial problems. 

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