Any student, who has secured admission in any institute of repute whose degree/diploma is recognized by University/Institute affiliated to any Central/State body or recognized by the AICTE.

HIGHLIGHTS

Loan                     : Rs 7.50 lacs (for studies in India)

Amount upto         : Rs.15 lacs (For studies abroad)

Repayment period : Within 84 months in EMI's commencing 12 months after completion of                                   the course or 

                              6 months after getting the job, whichever is earlier

Rate of Interest    : Upto Rs. 4 lacs-10.50% p.a & Above Rs.4 lacs-10% p.a

Purpose               : Course fee, Boarding & Lodging, Books, Stationary, Equipments & Airfare.

Amity has tied up with Oriental Bank of Commerce to make easy education loan available to the students. Given below are the benefits of the scheme:

All courses of Amity are covered for grant of loan

Speedy disposal of loan application.

Sanction can be accorded by Branch of OBC where Campus of AMITY is located irrespective of the location of the student. For example, a student applying to AMITY, sector-44, Noida but staying at Dehradun, can apply at the OBC Branch at Noida. The loan will be sanctioned by the Noida Branch and communicated to the Dehradun Branch for disbursement after due verification and signing of documents.

Loans are being sanctioned at a concessional rate of interest as compared to the normal scheme of OBC.

The student can cover all his expenses e.g. hostel, stationery etc, while applying for loan

ILLUSTRATIVE LIST OF PAPERS/DOCUMENTS REQUIRED FOR EDUCATION LOAN

Admission letter of Amity giving details of year-wise fees, boarding and lodging expenses. Letter confirming scholarship, if any.

Attested copies of documents for proof of age/date of birth and proof of residential address.

Passport size photo of the applicant, co-obligants and guarantors

Copy of mark-sheets/degree certificates of previous academic qualifications.

Income proof/latest income tax return of parents/co-obligants, guarantors (if any).

Details of collateral security along with valuation certificate of Govt. approved value (if any).

Details/statements of Bank accounts held with Oriental Bank of Commerce/other banks by the student applicant/co-obligant(s)/guarantors (if any) for the last six months.

Copy of Passport/visa, cost of airfare (documentary detail) in case of studies abroad. 

To avail the education loan, please submit the attached form to Amity