For the welfare of the students belonging to the Jain community, the Jain Jagruti Center launched a lot of programs and Jain Jagruti Education Loan is one of them. Under this scheme, the students can get education loans for higher studies with zero interest rates. The Jain Jagruti Education Loan is available for various undergraduate, postgraduate, doctoral, and vocational programs. Please note that the Jain Jagruti Centre provide abroad education loan only if you are planning to study in the USA. You won’t be eligible if you are going to any other country apart from the USA. In this blog, we will discuss all the major features, eligibility and benefits of the Jain Jagruti Education Loan.
Table of contents
What is Jain Jagruti Education Loan?
The Jain Jagruti Education Loan is exclusively for students belonging to the Jain community. Students who have excellent academic records and secured admission to a reputed university to study a top-notch course can get an education loan quickly from Jain Jagruti Center. The maximum loan under Jain Jagruti Education Loan depends upon various factors such as the program selected, the economic condition of the student, the duration of the course etc. Check some of the major highlights below:
| Category | Details |
| Name of the Lender | Jain Jagruti Center Central Board Charitable Trust |
| Maximum Loan Amount | INR 2.5 to 3 lakhs per year |
| Rate of Interest | Zero Interest Rate |
| Repayment Period | Depends upon the loan amount (usually 6 months to 1 year) |
| Collateral Requirements | No Collateral is required |
| Moratorium Period | Course Duration + 3 months |
| Country Covered | USA only |
Also Read: Looking for an Education Loan with Low Interest Rates? Check out this blog on Indian Bank Abroad Education Loan
Eligibility Criteria for Jain Jagruti Education Loan
Jain Jagruti Education Loan can be taken only by students who belong to the Jain community. If you are planning to study in the USA you can get an education loan from the Jain Jagurti Center. Check some of the major eligibility criteria:
- The student seeking a loan under the Jain Jagruti Education Loan Scheme must belong to the Jain community.
- The student must have secured admission for undergraduate or postgraduate 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.
- For getting the Jain Jagruti Education Loan your family income should be low or you belong to economically weaker sections of society.
- The course must be inclined toward professional development and must have a good career prospect.
How to Apply Online for Jain Jagruti Education Loan?
The application process for the Jain Jagruti Education Loan includes both online and offline processes. Also, the Jain Jagruti Center Central Board Charitable Trust will conduct an interview before sanctioning the loan. They will analyse all your academic records and interview results and then the loan will be approved. Check the steps involved in applying for Jain Jagruti Education Loan:
- Visit the official website of the Jain Jagruti Center
- Click on ‘New Applicant’
- Fill all the details properly and submit the Jain Jagruti Education Loan application form
- Print out the application form report and all the supporting documents
- The hard copy of the application report and supporting documents are required to be sent by post to the center
- After posting the documents, wait for the call from Jain Jagurit Center
Also Read: Did you know study abroad education loans come with an upper limit of INR 1.5 crores? Check out this blog on Education Loans to Study Abroad
Important Guidelines for Jain Jagruti Education Loan
The Jain Jagruti Center Central Board Charitable Trust provide the Jain Jagruti Education Loan to students belonging to the Jain community who want to study in the USA and are financially not strong. If the loan amount is not sufficient for you, the Jain Jagurti will also help you to find better offers from other Jain organizations. Some of the important aspects which you need to know are mentioned below:
- The repayment period of the Jain Jagruti Education Loan will be a maximum of 6 months to 1 year (may change based on the situation)
- You will be required to submit post-dated cheques (PDC) to the Jain Jagruti Center at the time of taking an education loan.
- The center will conduct an interview and the loan approval will depend on your performance in the interview.
- If you have selected any other country except the USA, Jain Jagruti Center will not approve your loan application under any circumstances
- The entire loan amount will be transferred directly to the student’s personal bank account.
FAQs
The maximum amount of loan that you can get under the Jain Jagruti Education Loan Scheme is INR 3 lakhs per year.
No. Jain Jagruti Center provide education loan only to students who belong to the Jain Community.
The maximum repayment period allowed by the Jain Jagruti Education Loan is 6 months to 1 year. However, you can negotiate with the centre over a repayment period based on your requirements.
This was all about the Jain Jagruti Education Loan. If you are planning to study in the USA then the Jain Jagruti Center Central Board Charitable Trust can provide you with easy and interest-free loans.
To know more about the loan application process, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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