Learn Today, Lead Tomorrow!
Our Education Loan makes higher education accessible with easy terms and competitive rates. Take the next step toward a brighter future!
- For education in India or abroad.
STUDENT ELIGIBILITY
- An Indian Resident, who has secured admission to eligible course. The loan will be in name of the Student and the parent/s of the student will be taken as co-Borrower/s.
ELIGIBLE COURSES
- Studies in India - Diploma / Graduation / Post-Graduation / Medical / Technical /Professional courses in various disciplines. Computer Certificate Courses in reputed institute accredited to the Dept. of Electronics and for Pilot Training etc.
- Studies Abroad - For job oriented Professional / Technical / Medical courses offered by reputed Universities.
ELIGIBLE AMOUNT FOR LOAN
- Fees, Exam Fees, Cost of Books, Equipments, Uniforms , Hostel Expenses, Caution Deposits and Travel Expenses, Passage for student studying abroad etc.
PERIOD OF LOAN
- Up to 120 months including moratorium period.
MORATORIUM
- Duration of Course + 6 months or the date of employment whichever is earlier.
MARGIN
- No Margin up to loan Rs 5.00 Lakhs
- 10% margin for study in India above Rs 5.00 Lakhs
- 15% margin for study abroad above Rs 5.00 Lakhs
GUARANTOR
- Minimum one guarantor.
RATE OF INTEREST
- ROI for Inland : 9.90%* P.A
- ROI for Abroad : 10.90%* P.A
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