How to Get Education Loan from Madhya Bihar Gramin Bank (MBGB)

Hello Everyone! Today we’ll be guiding you way to avail education loan from Madhya Bihar Gramin Bank (MBGB) and complete procedure for this loan. Branch in many districts of Bihar for Madhya Gramin Bank has such as Patna, Nawada, Nalanda, Gaya, Bhojpur etc. MBGB do all its education loan documentation offline. Visit branch for applying education loan at low interest. We explain all the things in this post. Hope everyone understand it. Read complete post- How to Get Education Loan from Madhya Bihar Gramin Bank (MBGB)

Procedure for Education Loan from Madhya Bihar Gramin Bank (MBGB)

VIDYA DAYANI EDUCATION LOAN SCHEME

Purpose: To provide financial support to deserving students for pursuing higher education

Eligibility: Professional Courses, Computer Certificate Course, Students must take admission through entrance test.

Margin: Upto 4 Lac (No Interest) and Above 4 Lac (10%)

Documentation Charges: Rs 200

Madhya Bihar Gramin Bank Address:

Madhya Bihar Gramin Bank,
Shri Vishnu Commercial Complex,
NH-30, New Bypass,
Asochak,
Patna-800016

Email: [email protected][email protected] , [email protected]

Toll Free Number: 18001807777

Official Website: https://mbgbmobile.in/

How to Apply Education Loan from Madhya Bihar Gramin Bank (MBGB)?

Loan Application Process of Madhya Bihar Gramin Bank is totally offline. You have to go to nearby MBGB branch for applying education loan.

Documents Required for Madhya Bihar Gramin Bank (MBGB) Education Loan

list of Documents Required for Madhya Bihar Gramin Bank Education Loan:

  1. Complete loan application form: The first and foremost important thing to get education loan is to collect application form from any branch or from official website of the bank. Next, carefully fill the form.
  2. Documents for Proof of Age: Next, you have to submit a document which will certify your age. You can either give your birth certificate or class 10th mark sheet or class 10th admit card. Don’t forget to put signature in the photocopy of the document to make it self-attested.
  3. Documents Required for Applying Loan from College/Institution:
  • Bonafide Certificate from College/Institution
  • College/Institution Placement Record

 

List of ID Proofs:

  • AADHAR Card
  • PAN Card
  • Passport
  • Voter ID Card
  • Ration Card
  • Driving License
  • Arms License
  • Certificate of photo identity issued by Village Panchayat Head/ Town Committee Head.(i.e., Local Certificate)
  • Updated passbook (not old than 3 months) of any scheduled bank or Post Office with your photo on it.
  • Certificate of address having photo issued by MP/MLA/Group-A Gazetted Officer in letter head
  • Certificate of address with photo from government recognized educational institute.

NoteAny one document required

  • Address Proof Documents:

  • AADHAAR Card
  • Passport
  • Voter ID Card
  • Ration Card
  • Driving License
  • Updated passbook (not old than 3 months) of any schedule bank or Post Office with your photo on it.
  • Certificate of address with photo from government recognized educational institute.
  • Certificate of address having photo issued by MP/MLA/Group-A Gazetted Officer in letter head

Note: You can submit any of the above documents for address proof.

  • Photo: Recent passport sized photograph of the loan applicant.
  • Mark Sheets: You need to submit photocopy of mark sheets of your highest education qualification.
  • Proof of Income of Parents or Guardians: Photocopy of the Income certificate of the parents or guardians or you can also submit latest Income Tax Return (ITR) copy.

Thanks for Reading.

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