Education Loan

Type Rate of Interest Tenure
Education Loan 9.00% p.a. 10 Years

Features & Benefits

  1. Businessman or Salaried Persons & their children can avail loan for higher or Professional education.
  2. No Prepayment charges.
  3. Repayment through Cheque/ECS.
  4. Repayment period Upto maximum 120 Months including Moratorium period of course period + 1 year.
  5. Interest to be served during the moratorium period.

Eligibility

  1. Students taking education loan will be borrower and parents will be co-borrower.
  2. Loan Limit :
    Studies in India : RS.50.00 LAKHS
    Studies Abroad : RS.100.00 LAKHS

Required Documents

  1. Residential proof/ Employer ID / Income Proofs such as Salary Slip and form 16/Photos of Borrower & Guarantors.
  2. Bank Statement (ITR & Business Proof for Businessmen/Professionals).
  3. Admission Approval Letter with estimated fee Structure of Higher Education.

Apply for Loan