Jain Jagruti Education Loan

Studying abroad not only provides access to quality higher education but also expands career prospects. According to data from the Ministry of External Affairs, in 2022, over 1,300,000 students pursued education abroad. To foster this spirit of higher education among the Jain community, the Jain Jagruti Centre has initiated various programs, including the Jain Jagruti Education Loan. This initiative aims to assist students in financing their higher education with minimal or zero interest rates. Let's explore more aspects of the Jain Jagruti education loan. 

Overview of Jain Jagruti education loan

Below is a table that provides an overview of the Jain Jagruti education loan scheme.

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Eligibility criteria for Jain Jagruti education loan

To be eligible for a Jain Jagruti education loan, students must satisfy the following criteria:

The student must be enrolled in a bachelor's or master's program at a recognized international university.

Must have an excellent academic record in the past.

Family income is low or may belong to economically weaker sections of society and are not able to financially back higher education abroad.

The course must be inclined toward professional development and must have a good career prospect.

Read more: Abroad education loan eligibility criteria 

Jain Jagruti student loan application requirements

Here are some of the requirements that you should consider before applying for Jain Jagruti education loan. This is required so that your process can be made seamless. 

1. The portal will request the student's permanent email ID for registration. Once registered with this email, the application will be linked to it and cannot be changed.
2. In addition to the application details, essential documents like Aadhar Card and PAN Card should be prepared.
3. All required documents must be uploaded with the application.
4. This application form is for students pursuing higher education in both India and the USA.
5. After submitting the application, the application form report should be printed and sent along with the necessary documents to the address (Jain Jagruti Centre Central Board Charitable Trust 201, Matharu Arcade, Above Axis Bank, Subhash Rd, Vile Parle (East), Mumbai - 400 057).
    

Application process for Jain Jagruti education loan

The application process for the Jain Jagruti education loan is quite simple. All you need to do is follow all the steps mentioned below - 

1. Visit the official Jain Jagruti education loan website.
2. Locate the application form section and download the loan application form.
3. Complete the application form accurately, providing all necessary personal, educational, and financial details.
4. Attach the required documents, such as proof of identity, address, academic records, and income, to the application.
5. Thoroughly review all filled information to ensure accuracy and currency.
6. Submit the completed application form and supporting documents to the specified address on the website.
7. Wait for loan approval, understanding that processing may take some time.
8. If your loan is approved, you will receive a loan agreement; carefully review its terms and conditions.
9. Sign the loan agreement and submit it to Jain Jagruti education loan authorities.
10. After the agreement is accepted, the loan amount will be disbursed to your bank account.

Jain Jagruti application form sample

Here is how the application form for Jain Jagruti looks like.

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Jain Jagruti education loan document requirements

Students choosing Jain Jagruti education loan to financially back their abroad education journey will require the following documents.

1.  Application form: An application form along with your photograph and signature.
2.  Documents of the applicant and Co-borrower or the guarantor
3.  Proof of identity:
          a. PAN card or Aadhar card
          b. Passport if you are applying for abroad education
4.  Residence proof:
          a. Voter’s ID card
          b. Passport
          c. Bank account statement
          d. Electricity or telephone bill

Note: You will have to arrange two residency proofs if your current and permanent addresses are different.

1.  Co- applicant’s documents (6 months bank account statement)
          a. Provide salary credits if salaried
          b. Show business transactions if self-employed
2.  Academic documents of the applicant
          a. 10th, 12th, and degree mark sheet if looking for education in masters
          b. Breakdown of the fees
          c. Admit proof
          d. Entrance exams scorecard
3.  Co-applicant income documents (if salaried)
          a. Last 3 months payslips
          b. Form 16 for 2 consecutive years
          c. ID card of the employer
          d. ITR of the last 2 years
4.  If self-employed
          a. Last 3 years ITR
          b. A balance sheet with profit and loss account for the last 3 years
          c. Address proof of the business

Jain Jagruti education loan is a great scheme for individuals who want to study abroad but are not financially strong enough to do so. This can help several individuals to pursue their dreams and fulfill their professional goals. The loan amount, interest rates, and all the other aspects are variable in nature i.e. depend on the application form and the discussion with Jain Jagruti Center. GyanDhan is yet another organization that can help you with an education loan to pursue your study abroad dream. All you have to do is check your loan eligibility. 

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Read Also: 

Education Loan for Abroad Studies by Indian Gover nment

Foreign Education Loan for Abroad Studies      

Education Loan for Abroad Studies Without Collateral

Documents Required for Education Loan

Student Education Loan Details for Indian Students

Guide on Education Loans with Collateral to Study Abroad

Frequently asked questions