Education Loan Services

Eligibility Criteria for Education Loan

Education Loan

• Applicant should be an Indian national residing in India.
• The student should have secured admission to a recognised school, high school, or junior college.
• Available for students from nursery to 12th standard.
• The loan will be granted in the name of the mother or father.
• Interest rate starting from 12.20% p.a.

Education Loan

• Applicable for graduation, post-graduation, and certificate courses abroad.
• The student must be an Indian national.
• Admission should be secured to a technical or professional course abroad through entrance test or merit-based selection.
• Interest rate starting from 10.10% p.a.

Education Loan

• Applicable for full-time regular courses offered by recognized educational institutions.
• The student must be an Indian national.
• Admission should be secured to a technical or professional course abroad through entrance test or merit-based selection.
• Interest rate starting from 10.85% p.a.

Education Loan to Students of Premier Institutions

• Applicable for full-time regular courses offered by premier institutions in India.
• The student must be an Indian national.
• Admission should be secured through entrance test or merit-based selection.
• Interest rate starting from 8.85% p.a.

Documents Required for Education Loan

• KYC documents
• Bank Statement / Pass Book of last 6 months
• Optional - Guarantor Form
• Copy of admission letter of the Institute along with fees schedule
• Mark sheets / Passing certificates of S.S.C., H.S.C, Degree courses
• Demand letter from college or university
• Loan agreement signed by applicant and co-applicants
• Sanction letter signed by applicant and co-applicants
• Disbursement request form signed by applicant and co-applicants
• Receipts of margin money paid to the college/university with bank statement
• Documents for collateral security (if applicable)
• Form A2 signed by applicant or co-applicants (for overseas institutes)