JanaSamruddhi Education Loan

Features and Benefits of JanaSamruddhi Education Loan

The following are the features and benefits of JanaSamruddhi Education Loan:

1. It offers education loans with attractive interest rates
2. The loan applicant should have an active bank account
3. The applicant or his/her parents should have a banking relation with JanSamruddhi
4. He or she should be the resident of India
5. The student should have a secured seat in the desired educational institute in India or abroad through entrance tests
6. The bank offers loans to the students who got selected in the reputed institutes

Check Your Credit Score for FREE

Eligibility Criteria for JanaSamruddhi Education Loan

To get an education loan from JanSamruddhi, you need to go through the following eligibility criteria:

1. The applicant should be a member of the JanaSamruddhi Multipurpose Cooperative Society. Ltd
2. He or she should have a regular bank account
3. He or she should be a resident of India
4. He or she should pass an entrance exam for a reputed education institute

Documents Required for JanaSamruddhi Education Loan

Given below are the documents which need to be submitted to apply for the education loan:

1. Permanent Account Number (PAN) Card
2. Passport
3. Voter ID card
4. Driving License
5. Electricity bill
6. Telephone bill

1. Ration card
2. Property tax receipt
3. Lease agreement
4. Two passport size photographs of the applicant and the guarantor
5. Address proof of guarantor
6. Income proof of guarantor like salary slips or Income Tax Returns

Check Your Credit Score for FREE

How to Apply for JanaSamruddhi Education Loan?

Following are the two different ways to apply for JanSamruddhi Education Loan:

Apply Using Customer ID and Mobile Number

1. Go to Janasamruddhi
2. Click on ‘Continue’ under ‘Customer ID and mobile number’ section
3. You will be redirected to a new page
4. Now, enter details like your name, email address, phone number, scheme, city, and message
5. Finally, click on ‘ Submit’
6. The concerned team will get in touch with you for further procedures

Check Your Credit Score for FREE

Apply Using Mobile Number

1. Go to Janasamruddhi
2. Next, click on ‘Continue’
3. You will be redirected to a new page
4. Enter details like your name, email address, phone number, scheme, city, and message
5. Finally, click on ‘Submit’
6. Once done, their team will get in touch with you for the further steps

Be Money-Smart with our App

List of Schemes

1. PM Vidyalaxmi Scheme
2. Maulana Azad Education Loan Scheme
3. Central Sector Interest Subsidy Scheme (CSIS)
4. Education Loan Repayment Support Scheme
5. Bajaj FinServ Education Loan Scheme
6. Padho Pardesh Scheme
7. Skill Loan Scheme
8. SBI Global Ed-Vantage Education Loan Scheme

FAQs on JanaSamruddhi Education Loan

• What is the purpose of the JanaSamruddhi educational loan?

  The JanaSamruddhi educational loan is designed to provide financial support to deserving and meritorious students pursuing higher education in India and abroad.

• What are the eligibility criteria for the JanaSamruddhi educational loan?

  To be eligible for the JanaSamruddhi educational loan, the applicant must be a regular or nominal member of the bank, have banking relations with the bank, be an Indian resident, and have secured admission to a professional/technical course through an entrance test or merit-based selection process.

• What are the features and benefits of the JanaSamruddhi educational loan?

  The JanaSamruddhi educational loan offers attractive interest rates, and courses through recognized educational institutes or organizations are eligible for the loan limit. The repayment can be made through EMI or regular payments.

• How can one apply for the JanaSamruddhi educational loan?

  Members of JANASAMRUDDHI who meet the eligibility criteria can apply for the JanaSamruddhi educational loan. The application process involves having a regular or nominal membership with the bank, maintaining banking relations, being an Indian resident, and securing admission to a professional/technical course through specified processes.

• What are the repayment details for the JanaSamruddhi educational loan?

  The repayment for the JanaSamruddhi educational loan can be done either through Equated Monthly Installments (EMI) or regular payments.

• Are there any processing charges associated with the JanaSamruddhi educational loan?

  Yes, processing fees and other charges, inclusive of service tax as applicable, are associated with the JanaSamruddhi educational loan.

• Where is the Head Office of Janasamruddhi located?

  The Head Office of Janasamruddhi is situated at No.150/3, 3rd Floor, Sri Ranga JNRT Mansion, Opp. RMZ Galleria Residences, BB Road, Yelahanka, Bengaluru, Karnataka 560064.

• How can one contact Janasamruddhi's Head Office?

  Janasamruddhi's Head Office can be contacted by phone at 9036666620, 9148999981, 83, 87, or at 080-28560707. Additionally, support is available via email at support@janasamruddhi.com during the hours of 9:30 am to 5:00 pm.

• What supporting documents are required for the sanctioning of the JanaSamruddhi educational loan?

  The required documents include photo identity proof (passport, PAN card, voters' identity card, driving license), residence proof, application on the prescribed form, photographs of the borrower and guarantors, income proof, profile of guarantors, and any other marketable security. A Loan guarantee should be provided by three financially sound guarantors with a net individual worth twice the loan amount.

• What is Nirudyoga Bruthi scheme?

  Nirudyoga Bruthi scheme was established by the government of Andhra Pradesh to meet the requirements of the state's unemployed population by offering a set salary.