PURPOSE |
To Provide Loan for Higher Education in India/ Abroad to deserving students
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ELIGIBILITY |
Students
- Should be Indian National
- Secured Admission to Professional/technical courses through Entrance Test/Selection Process
- Secured Admission to Foreign University/Institution
- Co-Borrower should be Parent/Guardian of the student
Course: Study in India
- UG/PG Level Professional Course in Engineering
- UG/PG Level Professional Course in Medical/Dental
- UG/PG Level Professional Course in Managment/Computers
- UG/PG Level Professional Course in Agriculture/Law etc.
- CA/ICWA/CFA
- Coursed run by IIMs/IITs/NITs/IIFT/IISCs/XLRI/IIIT etc
- Diploma given by institution recognised by UGC/AICTE/AIBMS/ICMR etc. other technical/ professional course run by reputed Govt./PVT isntitutions
Course: Study in India
- UG/PG level Technical/Professional Courses & CIMA (London) and CPA (USA) accredited course
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LOAN AMOUNT |
- Study in India - Maximum ₹ 10 lakh
- Study in Abroad - Maximum ₹ 20 lakh
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MARGIN |
- Upto ₹ 4 lakh -NIL
- Above ₹ 4 lakh- 5% for studies in India and 15% for studies abroad
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INTEREST RATE |
As prescribed by the Bank, Interest will be applied on monthly compounding basis
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