Education Loan - How do you become eligible?

All you need to know about educational loans

The person who is seeking a student loan has to be a citizen of India The person should have got admission into a professional or technical course after taking an entrance test He/she should have secured admission into a university in India or institution overseas What is the interest rate charged for student/education loan?

Standard interest rates for getting student loans in India are 12-14% pa Another provision that banks provide you with is a choice between fixed and floating interest rates Income tax benefits for educational loans Under Section 80 (e) of the Indian Income Tax Act, a person can claim the interest paid towards the education loan as tax deduction.

The tax deduction can only be availed by the individual on whose name the loan has been taken.

This benefit can be claimed up to 8 years after the repayment has started.

DOCUMENTS REQUIRED

Ø Marksheets of the last qualifying examination for school and graduate studies in India

Ø Proof of admission to the course for which the loan is being applied

Ø Scheduling of expenses for the course

Ø Copies of letter confirming the scholarship

Ø If applicable, copies of foreign exchange permit need to be attached as well

Ø Two passport size photographs

Ø Bank statement for the last six months of the borrower

Ø Income tax assessment order.

This should not be more than two years old Brief statements of assets and liabilities of the borrower If you do not have an account in the bank where you are applying for the loan, you will be required to establish your identity and give proof of residence

SBI Magnum Tax Gain Scheme 1993 Applcation Form

https://sites.google.com/site/mutualfundapplications/tax-saving-mutual-funds-elss Investment Details Basics Min Investment (Rs) 500 Subsequent Investment (Rs) 500 Min Withdrawal (Rs) -- Min Balance -- Pricing Method Forward Purchase Cut-off Time (hrs) 15 Redemption Cut-off Time (hrs) 15 Redemption Time (days) -- Lock-in 1095 days Cheque Writing -- Systematic Investment Plan SIP Yes Initial Investment (Rs) -- Additional Investment (Rs) 500 No of Cheques 12 Note Monthly investment of Rs 1000 for 6 months and quarterly investment of Rs 1500 for 4 quarters.

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IDFC Mutual Fund has announced dividend under the dividend option of IDFC Premier Equity Fund Direct-D . The quantum of dividend shall be R 4.3464 per unit. The record date has been fixed as May 06, 2015. Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015 1. ICICI Prudential Tax Plan 2. Reliance Tax Saver (ELSS) Fund 3. HDFC TaxSaver 4. DSP BlackRock Tax Saver Fund 5. Religare Tax Plan 6. Franklin India TaxShield 7. Canara Robeco Equity Tax Saver 8. IDFC Tax Advantage (ELSS) Fund 9. Axis Tax Saver Fund 10. BNP Paribas Long Term Equity Fund You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds Invest in Tax Saver Mutual Funds Online - Invest Online Download Application Forms For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot]

Invest in Tax Saving Mutual Funds	Download Any Applications
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Invest in Tax Saving Mutual Funds	Download Any Applications
Transact Mutual Funds Online	Invest Online
Buy Gold Mutual Funds	Invest Now

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