Sakal India Foundation provides interest-free education loans to students who are economically weak. The foundation works to provide loans, scholarships and career mentoring. The foundation was established as a registered society and an educational trust on March 30, 1959. The main objective of the Sakal India Foundation is to provide financial aid and scholarships in the form of loans or gifts to meritorious students for higher studies in India and abroad. Let’s understand the process of getting a scholarship or taking an education loan from the Sakal India Foundation.
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Sakal India Foundation: Key Highlights
Sakal India Foundation Education Loans are available for students who want to study abroad or in India. The organisation provides interest-free education loans to students who are extremely meritorious but financially incapable of funding their education. Check some of the major highlights of the Sakal India Foundation Education Loan:
| Category | Details |
| Name of the lender | Sakal India Foundation |
| Maximum Loan Amount | INR 1 lakh |
| Rate of Interest | Zero Interest Rate |
| Repayment Period | 2 years |
| Courses Eligible | M.S. or PhD Abroad or PhD in India |
Sakal Indian Foundation Education Loan Eligibility
Sakal India Foundation provides interest-free education loans to students who are financially incapable of funding their education. However, there are certain eligibility criteria laid by the foundation which is necessary to be fulfilled. Check the eligibility criteria below:
- The student must be an Indian citizen.
- The parents must have a stable income.
- While taking the loan, a guarantor will be required.
- The admission must be confirmed in a recognised university.
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How to Apply for Sakal India Foundation Education Loan?
The application process of the Sakal India Foundation is completely online. The students are required to fill in and submit the education loan application form and upload the documents required for an education loan online on the official website of Sakal India Foundation. You can check the information regarding the application date on the website. Check the steps involved in applying for an education loan at Sakal India Foundation:
- Visit the official website of the Sakal India Foundation
- Click on ‘Register’ and enter the details
- You need to enter your name, contact details and scholarship details. The loan provided by Sakal India Foundation has been termed as ‘Interest-Free Education Loan Scholarship’.
- After successful registration, log in with the newly created user ID and password
- Select ‘Interest-Free Education Loan Scholarship’ and click on the ‘Apply Now’ button
- Fill out the education form and enter the details like the required loan amount, income details, course and university details etc.
- Submit the form and wait for the verification process.
Documents Required for Education Loan from Sakal India Foundation
The students will have to upload all the supporting documents as prescribed by the Sakal India Foundation. Please make sure that all the documents which you are uploading on the portal are visible and not blurred. Check the list of documents required to be uploaded while taking an education loan:
- Duly filled application form with photograph pasted.
- Copy of scorecard of secondary and higher secondary exams.
- Copy of scorecard of last qualifying exam.
- Fee breakup or the details of expenses.
Also Read: Check out this blog on How to Apply for an Education Loan on the Vidya Lakshmi Portal through the YONO App
What to do After Applying for an Education Loan from the Sakal India Foundation?
The education loan scholarship by the Sakal India Foundation is provided to meritorious students based on their performance in the interview. When you submit the education loan application, Sakal India verifies the details and checks the eligibility. If the loan is approved, it will schedule an interview with the student. The interview will be conducted by experts and the loan will be approved only if you clear the interview.
FAQs
You can apply for a Sakal India Foundation education loan online on the official website.
Sakal India offers interest-free education loans of up to INR 1 lakh.
You don’t need a co-applicant separately for the Sakal India Education Loan. However, a guarantor is required for the loan who will be liable to repay the loan in case of non-repayment by the primary applicant.
This was all about the Sakal India Education Loan Scholarship. If you are planning to study abroad then you can contact this organisation for interest-free loans and scholarships.
To know more about the loan application process and scholarships, 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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