PURPOSE

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

ELIGIBILITY

Students

• Should be an Indian National
• Secured admission to profession/technical courses through Entrance Test/ Selection process
• Secured admission to foreign university/Institution
• Co-Borrower should be parent/guardian of the student

Course:-

Studies in India

• UG/PG level Professional Course in Engineering/Medical / Dental/ Management/Computers/Agriculture/ Law etc
• CA/ICWA/CFA
• Course runs by IIMs/ IITs/NITs/ IIFT/IISc/XLRI/NIFT/IIIT etc
• Diplomas given by institution recognised by UGC/ AICTE/AIBMS/ICMR etc; other Technical /Profession course run by reputed Pvt./Govt. institutions

Studies abroad:-UG/PG level Technical/Professions courses & CIMA (London) and CPA (USA) accredited courses

LOAN AMOUNT

• Studies in India - Maximum ₹ 10 Lakhs
• Studies abroad - Maximum ₹ 20 Lakhs

MARGIN

Up to ₹ 4 Lakhs - NIL

Above ₹ 4 Lakhs - 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