Tamilnad Mercantile Bank Education Loan

Tamilnad Mercantile Bank offers study loans with 9% interest and even a moratorium interest waiver. Ideal for students seeking flexible terms.

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To get an education loan from Tamilnad Mercantile Bank you require different documents like a filled-up application form with photographs, identity and residence proof of the applicant such as Aadhaar, PAN card, and passport and other documents of the co-applicant such as salary statements of the salaried or transactions records for self-employed. Mark sheets and admission proof are mandatory documents, and for the co-applicant, salary slips or the ITRs will also be needed. Other related documents may include fee receipts, loan statements, and any other documents about the collateral where the loan is a secured one. Take a look the the table given below: Sections Documents required Section 1- Application form Fill out the Tamilnad Mercantile bank education loan application form(provided by the Subraxo Financial officer) along with your signature and 2 photographs. Section 2- Applicant documents Identity proof Aadhar card Pan card Passport for abroad education loan Residence proof Aadhar card Voter ID Electricity bill Telephone bill Ration card Bank account statement Section 3- Co-applicant documents Salaried Last 6 months' bank account statement Self-employed 1-year business transactions Personal Asset and liability statement Section 4- Academic documents of the applicant Marksheets Admission proof of the course with course duration mentioned Fee structure IELTS/GRE/GMAT scorecard The currency ranking of the university Section 5- Financial co-applicant income documents For salaried Salary slips(last 3 months) The balance sheet for

The interest in the moratorium period for Tamilnad Mercantile bank is optional. The interest if not paid in the moratorium, will add up in the following EMIs. The bank also offers students the option of closing off the loan early in the following ways. Loan transfer to another bank Choosing a shorter duration to repay the amount Prepayment Make the daunting process of an education loan simpler by going through Subraxo. Request a callback today! Get yourself started with the fastest education loan process at a lower rate of interest than banks! Start Now

Apply for a Tamilnad Mercantile bank education loan through Subraxo for a simpler process by following the below steps. Step 1- Request a callback from the Subraxo team. Step 2- A financial officer from Subraxo will connect to you and check your eligibility by asking you a few questions. Step 3- He/she will then send you a document uploading link and will connect you to eligible lenders Step 4- The next process will be carried on by the assigned lenders. However, your financial officer will be in touch with you throughout the process. Step 5- You can clear any doubt regarding the process with your financial officer. Step 6- The lender will complete the process of your education loan and get you the sanction in the time promised by your lender. Why should you not go directly through banks? Incomplete information about the education loan process Multiple visits to a bank to get the complete list of documents The process will take time to complete Chances of getting a loan are slimmer Applying for an education loan is easy when its done through Subraxo! Apply Now