Education Loan
It is listed as a “public company” in the records, non-government company, though modest paid-up capital.
They appear to operate a “Sub-Banking” unit in Ghaziabad (Pratap Vihar).
specific official documentation (from our website or regulator) clearly stating an educational loan offer (terms, interest, eligibility) under their Sub-Banking branch.
Since it is a Nidhi company (or at least a “nidhi limited” entity) the scope of activities may be limited by law. A Nidhi company typically deals with accepting deposits and lending only to its members, under the provisions of the Companies Act, 2013 and Rules.
You’ll want to verify:
1. That the educational loan is officially offered (written scheme, interest rate, repayment schedule).
2. Whether you (or your student) qualify as a member (if it’s truly a Nidhi company) or if this is in fact a broader “sub-banking” arrangement.
3. That the loan is compliant with the appropriate regulator if under Reserve Bank of India guidelines or state laws.
4. All charges/fees, collateral requirement repayment terms, moratorium what happens if you default.
5. Legal clarity: is the company functioning under clear regulatory licence for lending .
Visit the branch in person (Pratap Vihar, Sector 12, Ghaziabad) and ask for the official educational loan product sheet (interest rate, tenure, eligibility, processing fee.
Ask for proof of regulatory backing: the licence or authorisation that allows them to offer educational loans (and to non-members, if that’s the case).
Compare with mainstream educational loan offers (banks, NBFCs) to ensure you’re getting a competitive rate and transparent terms.
Consider whether the lending is secured/unsecured, what the risk is if the institution is small/new.
Make sure you get everything in writing (loan agreement) and check the fine print for education-loan specific features repayment start after course end, interest concession.
If you like, I can check for Metro Samrudhi Nidhi Ltd officially lists an educational loan scheme (with full terms) and compare its offering with some banks’ educational loan offers so you know how competitive it is. Would you like me to do that.