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JITO Edu Loan 2024: Rates & Application

JITO Education Loan 2024: How to Apply & Interest Rates

Raghuvamshi Kanukruthi
Updated On:
Jun 27, 2025

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About JITO Education Loan

Quality education is essential for community success, but it comes at an unreadable expense for some students. That is why the Jain International Trade Organization (JITO) has introduced an education loan scheme to motivate Jain students to pursue higher studies. JITO scholarship for Jain students assists these students in covering finances associated with education.

To achieve this aim, JITO and Oriental Bank of Commerce have partnered to offer up to ₹20 lakh for overseas study and up to ₹10 lakh at attractive interest rates for higher education in India. JITO education loan offers Jain students a means to pursue their academic goals without financial restraints. Before applying for the loan, explore the eligibility, interest rates, and application process of the JITO education loan.

Read on to know:

  • The complete details about JITO Education Loan, the features benefits, what the loan is all about.
  • The interest rates can range from 4.5% to more than 11%. Read to know the factors that affect these rates.
  • The basic eligibility, documents required, how to apply for the loan and how to claim subsidy.

What is the JITO Full Form?

JITO stands for Jain International Trade Organisation. It is a global nonprofit community of Jain industrialists, businessmen, and professionals dedicated to economic empowerment, knowledge sharing, and social service within the Jain community and beyond.

Understanding the JITO Education Loan Program

The Jain International Trade Organisation (JITO) launched the JATF Education Loan Programme, which provides interest subsidies to Jain students. Jain students can avail of the interest subsidy through JELP( JATF Education Loan Program). 

This program helps students concentrate on their studies by subsidizing interest payments on education loans from banks and non-banking financial entities.

The organization's Administrative Training Foundation streamlines the JITO Education Loan program, giving deserving students the tools they need to succeed. The JITO Education Loan promotes an inclusive and empowered Jain community in a world where education opens many doors.

Unlike traditional education loan schemes, the JITO Education Loan does not offer direct loans to students. Contrarily, it functions as an interest subsidy initiative, providing Jain students and their families with substantial financial assistance.

Understanding the JITO Education Loan Program begins with familiarizing yourself with standard eligibility and application procedures followed across most education loan providers.

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JITO Education Loan Program Features

Students are obligated to obtain an education loan from participating banks or non-banking financial companies (NBFCs) as part of the JITO Education Loan program. Know the important features of the JITO scholarship:

Features Details
Loan Amount The education loan must be more than ₹50,000 to be eligible for the subsidy
Interest subsidy duration Provided in the course duration only
Cost of Registration for Subsidy Free of Charge
Value Interest subsidy 6% interest subsidy for loans below ₹4 lakhs
2% interest subsidy for loans above ₹4 lakhs
Application Timeline 1st April to 31st July

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JITO Education Loan: Interest Rate

The interest rates for the Jito Education Loan vary based on the loan amount and the applicant’s gender. The details are as follows:

1.  For loans up to Rs. 1 lakh:

  • Male applicants are charged an annual interest rate of 5%.
  • Female applicants receive a lower rate of 4.5% per year.
    Additionally, JITO covers the remaining interest portion—5.75% for males and 4.25% for females—effectively subsidizing the full interest cost.

2. For loans ranging between Rs. 1 lakh and Rs. 4 lakh:

  • Male borrowers pay an interest rate of 10.75% annually.
  • Female borrowers are charged 10.25% annually.

3. For loans exceeding Rs. 4 lakh:

  • The interest rate is 11.5% per annum for male applicants.
  • Female applicants benefit from a slightly lower rate of 11% per annum.

Moreover, if borrowers make their interest payments promptly during their study period, they become eligible for a 1% reduction in the interest rate, applicable to both male and female candidates.

JITO Education Loan Eligibility

JITO education loan follows certain eligibility criteria that you must adhere to in order to apply for the JITO scholarship.

  1. The candidate must adhere to Jain principles.
  2. The applicant for the scholarship must have completed the exam after the tenth with a grade of at least 60%.
  3. The pupil must be younger than thirty years old.
  4. A loan of at least ₹50,000 should be taken.

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Documents Required for JITO Education Loan Abroad or in India

To apply for the JITO Education Loan, applicants must submit various documents to verify their eligibility and facilitate the approval process. These documents are generally categorized as follows:

Whether you’re applying for studies in India or overseas, reviewing the Documents Required for JITO Education Loan Abroad or in India can help you understand what’s typically needed for approval.

Identity Proof

  • Valid passport copy
  • Recent passport-sized photographs
  • Aadhaar card copy (if applicable)
  • KYC documents such as voter ID, driver’s license, or utility bills for proof of identity and address.

Academic Records

  • Official admission letter from the overseas or domestic institution confirming enrollment
  • Recent mark sheets and transcripts of previous academic records
  • Degree certificates of completed education
  • Standardized test scores like GRE, GMAT, IELTS, TOEFL, if applicable

Income Proof

  • Income documents of parent or guardian, including salary slips, bank statements for the last 6 months, or income tax returns
  • Bank statements of the borrower or co-borrower for the past 6 months
  • Form 16 or income tax returns of the co-borrower (usually the parent or guardian)

Additional Documents

  • Collateral documents such as property title deeds if collateral is offered
  • Identity and income proof of the co-borrower
  • Copy of the approved student visa (for overseas studies)
  • Detailed course fee structure including tuition, hostel, and other expenses.

This document list ensures a smoother loan application and verification process by covering identity, academic credentials, financial capacity, and other relevant details required by JITO and associated financial institutions.

Knowing the documents required for education loan helps streamline the application process. Typically, banks ask for academic records, admission letters, identity proof, income proof, and collateral documents (if applicable) to assess eligibility and process the loan smoothly.

How to Apply for the JITO Education Loan

To apply for the JITO Education Loan:

1. Visit the JATF website and download the registration form.

2. Fill out the form with your details and attach a recommendation letter signed by the relevant authority.

3. Submit the form along with required documents such as admission letter, academic records, identity proof, income proof, and loan sanction letter.

4. After submission, you will receive a registration number and confirmation via email. Complete registration within 3 months of loan sanction or before March 31.

6. To claim the interest subsidy, download the subsidy application form from the JATF website or request it via email.

7. Fill and submit the subsidy form with bank manager’s signature and required documents to JITO headquarters in Mumbai by July 31.

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How to Claim Interest Subsidy with JITO Education Loan? 

The process to claim the interest subsidy begins on April 1st of each academic year.

Here are the major steps to claim interest subsidy: 

  • Step 1: Get the application form by downloading it from the JATF website. 
  • Step 2: Complete the JITO application form with all the information requested.
  • Step 3: Submit the application form and necessary documentation to the JITO headquarters in Mumbai by July 31st. The application must be signed by the branch manager and the applicant, together with the bank seal.
  • Step 4: Next, wait for the revert on your application for an interest subsidy.

It is important that the completed application form, along with all necessary documents, is submitted to the JATF head office on or before July 31 of the relevant academic year. Additionally, the form must be signed by both the student and the bank manager of the lending institution from which the loan was taken.

How to Apply for JITO Education Loan to Study Abroad?

To apply for the JITO Education Loan to study abroad, follow these steps:

1. Check Eligibility and Prepare Documents
Make sure you meet the criteria and gather documents like admission letter, passport, visa, academic records, and income proofs. Also, get a recommendation from a JITO member.

2. Download and Fill Application Form
Get the application form from the JITO website and fill in all details carefully. Attach all required documents before submission.

3. Submit Application
Submit the completed form and documents to the nearest JITO chapter or headquarters. Ensure the form is signed by you and the bank manager if claiming subsidy.

4. Registration and Loan Sanction
You will receive a registration number after submission. The loan amount can be up to ₹20 lakh with no registration fees.

5. Claim Interest Subsidy (Optional)
Apply for interest subsidy between April 1 and July 31 each year. Submit the subsidy claim form signed by you and your bank manager to JITO.

6. Follow Up and Support
For help, contact JITO via email during working hours. Keep track of your application status for smooth processing.

What are the JITO Membership Fees? 

The JITO membership fees vary by category and chapter:

Chief Patron Membership: ₹15,00,000 for 40 years.

Patron Membership: ₹2,00,000 for 40 years.

Ladies Wing Membership: ₹11,000 for 40 years (above 18 years).

Youth Wing Membership: ₹11,000, typically for ages 18 to 36 (fees may vary by chapter).

For example, the JITO Chennai Youth Wing charges ₹51,000 as a one-time fee.

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Benefits of JITO Education Loan

The JITO Education Loan program provides a wide array of advantages to assist Jain students in their quest for higher education. In addition to furnishing monetary aid, these advantages foster scholastic distinction and empower the Jain community.

One of the Benefits of JITO Education Loan is that it may offer access to tax deductions under Section 80E, reducing the effective financial burden during repayment.

Interest Subsidy

Students are eligible to receive an interest subsidy from the Jain Administrative Training Foundation (JATF) on educational loans obtained from banks or authorized non-banking financial companies (NBFCs). This subsidy is exclusively applicable for the duration of the course, irrespective of the loan period of the bank. This offers significant financial assistance throughout the critical years of academic pursuits.

Subsidy Rates

JATF provides an appealing and competitive interest subsidy rate structure. Students are entitled to a 6% interest subsidy on loans up to ₹4 lakhs and a 2% interest subsidy on loans exceeding ₹4 lakhs. This adaptable methodology guarantees that individuals from various socioeconomic contexts can derive advantages from the program.

Financial Support

The JITO Education Loan program is intended to assist Jain students and their families financially. Through the provision of interest payment subsidies, the program guarantees that students are not compelled to forgo their education on account of insufficient financial means. The dedication to providing financial assistance enables students to concentrate on their academic endeavors without the additional weight of crippling loan obligations.

Faster Process

The processing time for education loans obtained through the JITO Education Loan program is fifty percent quicker than when students apply directly to banks. This efficient procedure enables students to obtain the required funding in a timely manner, enabling them to concentrate on their academic objectives without superfluous postponements.

Less Paperwork. Easy Online Processes. Check Your Eligibility

What is JITO Education Assistance Foundation? 

The JITO Education Assistance Foundation, operating under the Jain International Trade Organisation (JITO), is a non-government, not-for-profit company registered in Mumbai. 

Its primary mission is to support the educational aspirations of Jain students by providing financial assistance and resources, especially to those who are deserving and underprivileged.

It helps Jain students pursue higher education in India and abroad. It provides scholarships, interest subsidies on loans, and financial aid through its JEAP program. 

The Foundation has a simple application process and works with banks to support deserving students. So far, it has helped over 160 students by removing financial barriers to education.

JITO Education Loan Contact Number

Phone Number : +918655988411

Email Id : support.jitojeap@jito.org

Land-Line : 02242877777

Address : JAIN INTERNATIONAL TRADE ORGANISATION JITO HOUSE, Plot No. A-56, Road No. 1, MIDC MAROL, Near International by Tunga Hotel, Mulgaon, Andheri (East), Mumbai - 400 093.

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The JITO education loan scheme exemplifies the organization's steadfast dedication to enhancing the educational capabilities of the Jain community. By providing significant interest subsidies, streamlined procedures, and an array of financial advantages, this effort has enabled Jain students to pursue advanced education without being overburdened by exorbitant expenses. In addition to offering monetary assistance, the JITO Education Loan inspires students to pursue ambitious academic and professional trajectories.

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FAQs About JITO Education Loan

What is the purpose of the Jain Jagruti education loan?

Jain Jagruti Education Loan aims to financially assist students pursuing higher education in India or abroad by covering tuition fees, accommodation, books, travel, and more. It helps students achieve their academic goals without financial constraints.

Who is eligible to apply for the JITO Education Loan?

The JITO Education Loan program is available to Jain students who have been accepted to accredited academic institutions for undergraduate, graduate, vocational, or diploma programs in India or abroad.

How does the interest subsidy work under the JITO Education Loan scheme?

Students must obtain an education loan from an NBFC or participating bank before being eligible for the JITO Education Loan program. JATF offers a 6% interest subsidy on loans up to ₹4 Lacs and a 2% subsidy on loans in excess of ₹4 Lacs.

Can I apply for the JITO Education Loan if I have already taken an education loan from a bank?

It is possible to apply for the JITO Education Loan despite having obtained an education loan from a bank or NBFC beforehand. The loan must be active, and the sanction letter must be provided as part of the application procedure.

What is the process to apply for the JITO Education Loan?

In order to be eligible for the JITO Education Loan, applicants must fulfill several requirements, including online registration and the submission of academic records, financial statements, an admittance letter, and an education loan sanction letter.

Where can I find the application form for the Jain Jagruti education loan?

You can find the application form for the Jain Jagruti education loan from its official website by clicking here.

How much loan amount can I get with the help of Jain Jagruti education loan?

The loan amount is not fixed as it depends on the application form filled and your requirements. This also depends on the target country and university. The loan amount may also vary based on the discussion with the Jain Jagruti Center.

Is JITO education loan tax free?

A few education loan schemes like the Jain Jagruti scheme provide interest-free education loans. However, The JELP scheme by JITO provides interest subsidies to students who have taken an education loan.

How does the JITO Education Assistance Foundation support Jain students?

The JITO Education Assistance Foundation offers scholarships, financial grants, and interest subsidies on education loans to support academically bright and financially needy Jain students across India and abroad.

What is JITO JEAP and how does it help with Jain student education?

JITO JEAP (JITO Education Assistance Program) is a structured initiative under JITO that provides scholarships, education loans, and mentorship to Jain students for undergraduate, postgraduate, and international programs.

What is the JITO full form in the context of scholarships?

The JITO full form is "Jain International Trade Organization," which is a community-based non-profit supporting education, entrepreneurship, and economic empowerment for Jains, including through scholarships and education loans.

How can I apply for the JITO scholarship for Jain students online?

To apply for the JITO scholarship for Jain students apply online by visiting the official JITO Education Foundation or JATF website, filling out the application form, uploading necessary documents, and submitting it within the deadline.

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