Educational Loan

Salient Features To meet the cost of education covering fee payable to college/school/hostel, exam fees, purchase of books/equipments, travel expenses/passage money for studies abroad, purchase of computers essential for completion of the course etc.


The applicant should be an Indian National. He/She should have secured admission to professional/technical courses in India/Abroad through Entrance Test/Merit based selection process.

Quantum of Loan

For Studies in India: Rs.10.00lakhs and for Studies Abroad: Rs.20.00 lakhs. Higher Quantum of loan subject to a maximum of Rs.15 lakhs for studies in India and RS.25 lakhs for studies abroad also can be considered in deserving and meritorious cases
Margin Upto Rs.4.00 lakhs – Nil. Above Rs.4.00 lakhs:For Studies in India – 5%. For Studies Abroad – 15%.

Interest Rates

Please see the Interest Rate link on
Repayment Period Maximum period The loan is to be repaid in 5-7 years after commencement of repayment.


Upto Rs.4.00 lakhs – Coobligation of parents. No Security. Above Rs.4.00 lakhs and upto Rs.7.50 lakhs – Coobligation of parents together with collateral in the form of a satisfactory third party guaran. Above Rs.7.50 lakhs – Coobligation of parents together with tangible collateral security of suitable value along with the assignment of future income of the student for payment of instalments.

Other Requirements/Details :

Holiday Period : The course period PLUS 1-year or 6 months after getting a job, whichever is earlier.
Family Income : There is no restriction. The main emphasis is that no deserving student is denied an opportunity to pursue higher education for want for financial support.
Place of availment : The loan is to be availed from the branch nearest to the place of domicile of the student.
Course of study in India : Diploma/Graduation/Post graduation courses in various disciplinesComputer Certificate courses in reputed institutes accredited to the Department of Electronics.
Course of study abroad : Job-oriented professional/technical courses offered by reputed universities, MCA,MBA, MS etc.Courses conducted by CIMA – London, CPA in USA etc.


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