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Education loan:

Education loan is granted for higher studies in colleges in India and abroad in any educational field in college affiliated with recognized universities, medical colleges, technical institutions, pharmaceutical colleges, Information Technology etc, so that students from poor & middle classes as well as brilliant and needy students can take advantages of the scheme. [The scheme will not cover any correspondence course].


Student is minor, Parents / Guardian will be applicant/s.
In case student is above 18 years of age, he/she will be the applicant for the loan. The parents will be co-applicants.

Loan amount:

Depending upon course

Repayment period

1.    For loans upto Rs.10 lakhs – 120 Months (inclusive of total moratorium period)

2.    For loans above Rs.10 lakhs –180 months (inclusive of total moratorium period)


Rate of interest

Please Contact Your Nearest Branch

Moratorium period

Course period +6 months 



  Upto Rs. 4.00 lakhs Above Rs.4.00 lakh
Inland No margin 5 % on Total Expenditure*
Foreign   15% on Total Expenditure*
*(Total Expenditure includes Tuition fees, Term fees, Living Expenses, Travelling, Cost of Books, Examination fees, etc.)
Scholarship should be included in the margin


No Collateral Security For Loan upto Rs.4.00 Lakh *


1.     No Collateral Security  : 2 sureties along with Parent / Spouse should be either Co-applicant or Surety
2.      Where Collateral Security of  60%  is offered - 1 Surety alongwith Parent / Spouse should be either Co-applicant or Surety
3.     Where 100% Collateral Security is offered  - No Surety and  Parent / Spouse should be either Co-applicant or Surety 

*Condition Apply

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