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G H Raisoni Institute of Engineering And Technology, Nagpur

Affiliated to RTM Nagpur University, Nagpur And NAAC Accredited

#09+ Campus

#30 + Institutions

#4000+ Staff

#25000+ Students

#2000+ Students Placed in 2016-17

Education Loan by Neev Finance

Dear Parent / Student,

Greetings from Team Neev,

It has always been an endeavor and guiding principal of Neev Finance to contribute its bit in the form of financing fees at the minimum possible rate for Students, so that every Students dreams is pursued and is not hampered due to financial constraints. Raisoni Group of Institutions is committed to provide quality education to its Students along with the best possible infrastructure and so are we, by joining hands with them towards achievement of their Nobel goal.

In such a continuous endeavor, Raisoni Group of Institutions has partnered with Neev Finance to make the total cost of education of the Student into a monthly expense wherein NEEV pays the total Cost incurred on students course directly on their behalf to the college and thereafter Neev collects these amount financed on students behalf, by way of a monthly installment by way of Monthly Postdated cheques or ECS from the Parent. Thus it gives the parent/ Student an option to have a monthly repayment model for the total cost incurred on the course.

We at Neev are committed to enable education and make it more affordable, hence we shall be charging a very nominal pricing for the financing facility that we shall be providing. This facility is available for all the courses at RGI Nagpur.

Pls find below an illustration of the same for easy reference. Pls note that the fees mentioned is just for illustration purpose and the actual fees will be as per the Fees Schedule of the College.

Fee Amount Loan Period ( In Months) Loan cost in % Loan cost in Rs Monthly EMI Repayment
Rs. 50,000 10 12% Rs. 6,000 Rs. 6,222 6222*9
Rs. 50,000 9 11% Rs. 5,500 Rs. 6,938 6938*8
Rs. 50,000 8 10% Rs. 5,000 Rs. 7,857 7857*7
Rs. 50,000 7 9% Rs. 4,500 Rs. 9,083 9083*6
Rs. 50,000 6 8% Rs. 4,000 Rs. 10,800 10800*5


For more details, kindly contact us on the details as mentioned below

Prabhakar – 9916957520 / Pankaj – 9373989341/ Dhawal - 7719898315 /

Documents required for Loan processing:

At the time of Loan Application:

  1. KYC for Parent (APPLICANT) (either father or Mother – Mandatorily an Income earning member) & KYC of Co-Applicant (Student cum Beneficiary)
    • Photo identity proof: Passport, PAN card, voters identity card, driving license, Aadhar Card (any one - Date of Birth details Mandatory)
    • Address proof: Ration card, passport, driving license, bank a/c statement, electricity/telephone bill, Aadhaar card. Any kind of bill submitted as a proof should not be older than 3 months - Any One
    • Signature Proof: Passport, PAN card, driving license - Any One
  2. Recent color Photo of Loan Applicant and Co-applicant
  3. Student College ID card (except in case of New admissions)
  4. Admission confirmation from College (in case of New admission)
  5. College Fees Demand Proof
  6. Copy of 10th& 12th Mark sheets
  7. Loan Application form
  8. Income document of Parent

Income Documents

Salaried customer

Self Employed Non Professional Self Employed Professional
  1. Latest Three month Pay Slip
  2. Latest two Years IT return or two Years Form 16
  3. Three Months Latest bank Statement reflecting Salary Credit
  4. Details of all the current loans including last six months repayment proof.
  1. Two Years IT return
  2. Six Months Latest bank Statement reflecting Business Income
  3. Proof of Business like VAT/CST/Shop Establishment certificate etc.
  4. Details of all the current loans including last six months repayment proof.
  1. Two Years IT return
  2. Six Months Latest bank Statement reflecting Professional Income
  3. Professional Degree proof
  4. Details of all the current loans including last six months repayment proof.

At the time of Loan Disbursal:

  1. Loan disbursal Kit
  2. 10 Post Dated Cheques & 1 Security Cheque – total 11 cheques (only CTS-2010 cheques accepted)
  3. Original fee payment receipt

** Imp Note: All documents needs to be Self Attested by Applicant

View MoU Document