Important Announcement
Education Loan


  • Meritorious student pursuing higher education in India/Abroad.
  • Any Graduation/P.G. level or Professional course, for Diploma or Degree of Govt. / Govt. approved institute in India & abroad.
  • Need bone finance subject to repaying capacity of parents/Students.

Rate of Interest

Repayment Period

  • For loans (a) up to Rs.7.50 lakhs for India and (b) up to Rs. 15.00 lakhs for Abroad: The loan to be repaid in Maximum of 5-7 years after commencement of repayment.
  • For Loans (a) Above Rs. 7.50 lakhs for study in India and (b) above 15.00 lakhs for abroad: The loan to be repaid in Max of 5-10 years after commencement of repayment.

Proposal Processing Charge

  • NIL
  • Student applying for loan limit above Rs. 4 lakh should deposit Rs. 5000/- as sundry deposit. This will be forfeited if loan is not availed.


  • Study in India :
  • Up to Rs. 4 lakhs : "NIL".
  • Above Rs. 4 lakhs : 5%
  • Study Abroad
  • Up to Rs. 4 lakhs: "NIL".
  • Above Rs. 4 lakhs : 15 %

Max & Min Loan:

  • Study in India: Maximum Rs. 10.00 lakhs.
  • Study at Abroad: Maximum Rs. 20.00 lakhs.


  • Course period + 1 year or 6 month after getting job, whichever is earlier.


  • Study in India
  • Up to Rs. 4 lakhs : No Security
  • Above Rs. 4 lakhs but up to Rs. 7.50 lakhs: Collateral in form of a suitable T.P.G.
  • Above Rs. 7.50 but up to Rs. 10.00 lakhs: Collateral security for full value of Loan.
  • Study Abroad
  • For Loan up to Rs. 4.00 lakhs : No Security
  • For Loan above Rs. 4.00 lakhs to Rs. 7.50 lakhs : Tangible Collateral in form of suitable T.P.G.
  • For Loan from Rs. 7.50 lakhs to Rs. 15.00 lakhs : Tangible Security in suitable form or suitable TPG.
  • Above Rs. 15.00 upto Rs. 20.00 lakhs : Tangible collateral security for full value of the Loan