Education Loan For Sap Training And Certification Program


Looking for Education Loan For SAP Training And Certification Program? Read this article to know more about it.

SAP has tie up with HDFC BANK to facilitate the candidates who are looking for education loan for SAP TRAINING AND CERTIFICATION PROGRAM.

Loan Amount • Minimum Rs 50,000 - Maximum of Rs. 4. Lac

Margin • 10% (Of total fee amount 10% has to be paid by candidate)

Security • NIL

Interest • A special rate of 13.% p.a. on monthly rests

Repayment period • The candidate can have a moratorium period of 6 Months inclusive of course period. The moratorium will be only for the principal payment, however the applicant shall be required to service simple interest on the loan during this period.

• For online courses, however there will be no moratorium period and the EMI (Principal + interest) will start immediately after the disbursal.

• The borrower will have the choice of repayment in 12, 24 & 36 Equal Monthly Installments.
EMI Per Lac per month
12 months Rs. 8,932 /-
24 months Rs. 4,754 /-
36 months Rs. 3,370/-

Processing charges • Rs 500/-

Prepayment charges • 4% of the outstanding amount.
• No part prepayment allowed.
• Not Mandatory. However in order to enhance eligibility a co-applicant such as, Parent / Guardian / Spouse / Family relative may be added.



Documents required from Coapplicants:

For Salaried Cases ( If Applicant/Coapplicant is a Salaried Person):- Min 2 years of work experience is mandatory and Min Net Salary must be min.10,000/- and above for Hyderabad and 8,000/- for other locations of AP. Salary must be credited to the Bank account.

1.Last 3 Months Pay Slips
2.Last 6 Months Bank Statement ( Salary Account)
3. ID Proof ( PAN Card/Passport/Driving License/Voters Identity Card Etc)
4. Residence Proof( Passport/Driving License/Voters Identity Card/Post paid Mobile bill/Any Landline Bill/Electricity Bill/Water Tax/ Letter from HR dept of the Employer Etc)
5.Relieving letter from the previous employer if less than 2 year old in the present job
6.Offer letter given by the present employer.
7.One photograph

Self Employed: ( CA/Doctor/Architect) Min IT returns amount from Profession must be 1.5 Lakhs for past 2 years.

1. last 2 years IT Returns
2.Last 6 Months Bank Statement ( Personal SB and Current Account)
3. ID Proof ( PAN Card/Passport/Driving License/Voters Identity Card Etc)
4. Residence Proof( Passport/Driving License/Voters Identity Card/Post paid Mobile bill/Any Landline Bill/Electricity Bill/Water Tax/ Etc)
5. Qualification certificates
6.One photograph

Business: Min IT returns amount from Profession must be 1.5 Lakhs for past 2 years.

1.last 2 years IT Returns
2.Last 6 Months Bank Statement ( Personal SB and Current Account)
3. ID Proof ( PAN Card/Passport/Driving License/Voters Identity Card Etc)
4. Residence Proof( Passport/Driving License/Voters Identity Card/Post paid Mobile bill/Any Landline Bill/Electricity Bill/Water Tax/ Etc)
5. Business Proof
6.One photograph

Documents from Applicants (Students):

1. Admission Letter and fee Structure Given by the institute
2. 10th/+2/Degree/PG Certificates and Marks statements
3. Residence & ID Proof
4. One Photograph

Important Note: Self attestation is must on each and every page of the documents submitted to us. All the documents submitted by the Applicant must be self attested by the Applicant and all documents submitted by the Coapplicant must be self attested by the Coapplicant.


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Comments

Author: Kailash Kumar02 May 2016 Member Level: Platinum   Points : 3

Sheetal - Since the article was posted more than 7 years ago, it is advisable that the applicant may consider visiting the nearest branch of HDFC bank mentioned by the author in his article to know the latest details. Latest update about 'SAP has tie up with HDFC BANK' may be obtained from the concerned bank directly. All relevant general information about the educational loans are displayed on the bank's website also. However banks generally consider granting educational loans only when the applicant is already admitted in a recognised course. Also banks generally don't offer assistance in facilitating the admission process. Another option open to the loan applicant is to find out more information about the educational loans from the institute which offers intended course.



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