EDUCATION LOAN

PURPOSE

To Provide Loan for Higher Education in India/ Abroad to deserving students

ELIGIBILITY

Students

  1. Should be Indian National
  2. Secured Admission to Professional/technical courses through Entrance Test/Selection Process
  3. Secured Admission to Foreign University/Institution
  4. Co-Borrower should be Parent/Guardian of the student

Course: Study in India

  1. UG/PG Level Professional Course in Engineering
  2. UG/PG Level Professional Course in Medical/Dental
  3. UG/PG Level Professional Course in Managment/Computers
  4. UG/PG Level Professional Course in Agriculture/Law etc.
  5. CA/ICWA/CFA
  6. Coursed run by IIMs/IITs/NITs/IIFT/IISCs/XLRI/IIIT etc
  7. 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

  1. UG/PG level Technical/Professional Courses & CIMA (London) and CPA (USA) accredited course
LOAN AMOUNT
  1. Study in India - Maximum ₹ 10 lakh
  2. Study in Abroad - Maximum ₹ 20 lakh
MARGIN
  1. Upto ₹ 4 lakh -NIL
  2. Above ₹ 4 lakh- 5% for studies in India and 15% for studies abroad
INTEREST RATE

As prescribed by the Bank, Interest will be applied on monthly compounding basis