TJSB Education Loan: Application, Eligibility, Interest Rate, Documents & Much More.

TJSB Eduction Loan

The Thane Janata Sahakari Bank is an Indian multistate co-operative bank. The Bank Providing Financial support to the deserving/meritorious student for pursuing Higher Education in India and Abroad. which also provides the facility of TJSB Education Loan. If you want Educational Loan to complete your education or pursue higher studies from Abroad, You are at the right place to collect every aspect of information related to Educational Loan in India.

TJSB logo


Read this full post on TJSB Education Loan for information Like Eligibility, How to apply, Interest Rates, Documents Needed, Different aspects of Educational Loan, Interest Rates, Return Policy, General Instructions etc. Throughout the article, we will share information regarding TJSB Education Loan it’s Process to Apply and full detailed Information.

TJSB Education Loan

The major aim of the bank is to ensure anywhere and any time banking for the customer with the latest state-of-the-art technology. The Bank is very serious about its Education Loan Facility and by developing an effective customer-centric relationship it promises to emerge as a world-class education Loan provider. Before we share further, let us first have a brief review of the Bank.

Brief Review

Profile Description
Name of Bank  Thane Janata Sahakari Bank
Founded on 1972
Headquarter Thane, India
Type of Bank  Co-operative Bank
Number of Employees NA
CEO Name Sunil Prabhakar Sathe
Maximum Loan Amount  Rs. 60 Lacs
Timeline for Loan Disposal Maximum 15 Working days
Annual Revenue NA
Processing Fees No Processing Fee will be charged
Other Subsidiaries Shree Sadguru Jangli Maharaj Sahakari Bank
Category  Education Loan in India

Types of TJSB Student Loan Scheme Description
1. TJSB Education Loan This scheme is to Provide Financial support to the student for pursuing Higher Education in India and Abroad. The loan can be availed of Maximum of Rs. 60 Lakhs depending upon the Fee structure of Institute

How to Apply


  • Visit official Web Site of Thane Janata Sahakari Bank (Click Here)
  • Find the Educational Loan Section Apply Now Button 
  • Fill online Application Form


  • Visit the nearest branch of Thane Janata Sahakari Bank to get offline Education Loan form.
  • You may also download the form from official web handle.
  • Submit the Application Form to Nearest Branch along with document needed.


  • The co-applicant (parent or guardian) could be salaried, entrepreneurs or self-employed not older than the age of 60 years.
  • Applicant must have secured admission in a government recognized educational institution.

Documents Needed

  • Mark sheet of last qualifying examination for school and graduate studies in India.
  • Proof of admission: Offer Letter or Admission Letter from the Institution.
  • Schedule of expenses for the course.
  • Copies of the letter confirming scholarship, etc.
  • Proof of Income of Parents or Guardians.
  • ID and Address proof.
  • passport size photographs.
  • Statement of Bank accounts for the last six months of the borrower.
  • PAN Card of Applicant(s) & Guarantor(s)
  • KYC of Applicant(s) & Guarantor(s)

Expenses Considered

  • Tuition and course fee
  • Examination, library and laboratory fees
  • Caution deposit
  • Cost of books, Uniforms, Equipment and other instruments.
  • Travel Expenses

Return Policy

  • In the case of TJSB Education loan, repayment will start after the completion of course period and moratorium period. Repayment will commence 6 months after completion of Course.
  • Repayment up to Maximum of 15 years

EMI Calculator

EMI Calculator is used for calculating the periodic payment amount due on a loan. For calculating EMI one must input data like Amount, Interest Rate, tenure, Processing Fee etc.

  • If you want to calculate EMI for TJSB Education LoanClick Here


  •  Up to Rs. 5 Lacs
    • Co-obligation of parents
    • No security
  •  Above Rs. 5 lacs
    • Co-obligation of parents together with tangible collateral security covering remaining exposure above Rs. 5.00 Lacs with the assignment of future income of students. The security can be in the form of Immovable property, NSC, KVP, LIP, Bank Deposits etc.

Contact Details

Head office  Corporate Office TJSB House, Plot No. 5B, Road No. 2, Wagle Estate, Thane (W) – 400 604.
Official website
Apply for Loan  Click Here
Contact Number 1800 223 466

TJSB Student Loan FAQs

Ans. We hope that the information furnished above will guide you to get the best educational loan for your studies. In case of any doubt regarding the loan procedure and other related terms, read our FAQ’s session.

Q1. Who can be my co-borrowers?

Ans. Your parents/guardian can be a co-borrower as well as the spouse in case of a married applicant. The co-borrower should have a steady source of income and a good credit history in order to improve the applicant’s chances of a successful loan application.

Q2. How long does it take to process Education Loan?

Ans. Generally, the time taken for the education loan to process is somewhat between 7-10 working days. Often, the whole process can be easily completed within 3 to 5  Working days, once the student fulfils all documentation.

Q3. What all expenses will be covered by education loans?

Ans. Apart from the tuition fees, other aspects of expenses such as hostel charges, equipment purchases and other course-related expenses may also be covered by the education loan.

Q4. What are the courses for which an education loan can be availed?

Ans. An education loan can be availed for all courses recognized by the UGC in case of India and all regular courses abroad. Each lender has its own list of educational institutions and courses that they would provide a loan for whether overseas or within India.

Q5. Can a student avail another loan for further studies?

Ans. Yes, this is possible. You can borrow a loan for a bachelor’s degree followed by one for master’s without repaying the first loan. This loan can be taken as a top-up loan against the already existing loan; however, it is subject to the lending bank’s discretion and the internal rules and regulations of the lender.

Q6. Do education loans have any Income Tax benefits?

Ans. Loan borrowers can avail tax benefits on interest paid on education loan under Sec 80E of the Income Tax Act. This benefit is available over and above the Rs. 150,000 deduction allowed under Section 80C. Tax benefits can be availed once the borrower starts paying the interest on the education loan. Further, the deduction is available until the borrower pays off the full interest amount on the loan or for a maximum period of 8 years, whichever is earlier.

Q7. Why do banks require an insurance policy?

Ans. Banks usually prefer that students avail a life insurance policy equivalent to, or more than, the loan amount. The policy acts as a security feature and forms a part of the collateral. In case of the untimely demise of the borrower, the bank recovers the outstanding loan amount from the student’s life insurance policy and the remaining amount, if any, is paid out to the beneficiary of the policy.

Q8. Is any incentive available for a girl student applying for education loan?

Ans. Banks generally provide a 0.5% concession on the applicable education loan interest rate to girl students pursuing higher education in India and abroad.

Q9. Are there any special privileges for students of SC/ST category who avail education loans?

Ans. Yes, eligibility criteria and loan margins on education loan are relaxed for Scheduled Caste/Scheduled Tribe students availing education loans in India. The eligibility criteria are lowered from first/second class to pass class for SC/ST category students seeking education loan for graduate and postgraduate studies, while, margin money is sometimes lowered than the regular percentage or nil.

Q10. Where can I avail on TJSB education loan?
Ans. The loan is available from all branches in metro/urban areas as well as those having personal banking divisions.

Best of Luck..!!

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TJSB Education Loan: Application, Eligibility, Interest Rate, Documents & Much More.
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