GSTR 9 is an annual return form filed by every taxpayer
Last date to file GSTR 9 for FY 17-18 is 31 August 2019
Prepare your GSTR 9 form by filling details in six parts
You can file GSTR 9 online via the GST official website
Financing higher education can be an expensive affair. In fact, the cost of higher education today is more than 4 times the cost of education three decades ago. However, the exceptional advantages from such an opportunity make it worth every penny spent. As you may not have the funds required to pay for your child’s access to a top-notch curriculum and networking opportunities, you can turn to one of two funding options: an education loan and a loan against property for education. However, ensure you have the documents required before you apply to avoid any hiccups in the application process. To know what you need to have handy, look at the list below for each of these funding options.
The documents required for education loan include:
Fully Completed Application Form
Bank Statements
Passport Sized Photos
Photo Id
Residence Proof
Academic Documents
Proof of Admission
As you can see, certificates required for verification are a common aspect of an education loan. This means if you require the funding before the admission begins to apply for a VISA or pay for other costs, you may not be able to receive a sanction. Additionally, you also need to submit proof of income as a co-applicant even if the education loan is on your child’s name.
Some education loans are stringent and will require quite a few documents to prove admission before sanctioning the loan. Further, some lenders sanction the funding and send the amount directly to the university or education institute instead of the sending the amount to the applicant once the education loan documents are submitted and verified.
Check here: Education Loan Schemes for lower Student Loan Amount
Loan Against Property - Know the features and benefits | Bajaj Finserv
Education loan requirements of top lenders like Bajaj Finserv when you pledge your property as collateral are as follows:
PAN card/ Aadhaar card
Address proof
Copy of the property’s documents
Additionally, as a salaried individual you need to submit your salary slips, bank statements of the last 3 months, and IT returns. If you are a self-employed individual, you need to submit your bank account statements from the past 6 months.
In terms of education loan requirements, a Loan Against Property For Education demands minimal documentation and can also offer lower interest rates as it is a secured loan. What’s more, when you apply with top lenders like Bajaj Finserv, you can enjoy funding up to Rs.3.5 crore at nominal interest rates with the option of repayment tenures up to 20 years. This helps you access a higher loan amount and enjoy longer tenures as an education loan covers only 75%-95% of the cost and has a tenure only up to 15 years.
Further, the Flexi loan facility enables you to choose interest-only EMIs for the first few years of repayment. Further, you incur interest only on the amount you use from your sanction, cutting down expenses even more. With a customised deal, you can get started instantly if you need an education loan.
Thank you for subscribing