Education Loan

Fulfill your dream of higher education.

Features & Benefits

  • No pre-payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options - ECS / Post-dated cheque / Standing Instruction
  • Speedy loan approval
  • Offers Insurance cover of all assets at attractive premium
  • Suitable moratorium for repayment
  • Hassle free disbursement directly to Educational Institution
  • Telegraphic transfer facility for educational courses abroad at nominal cost
  • Covers all academic related expense


  • Higher study in India or Abroad
    (Graduation, Post Graduation and Vocational Courses)


  • Confirmed admission for the course in India or Abroad

Quantum of loan

  • Secured
    Loan quantum - Max Rs.1.50 Crore for higher studies in India & study Abroad
  • Unsecured
    Maximum Rs.5.00 Lacs for studies in India only.

    No tangible security.

    50% of the loan amount should be covered by Life insurance of the applicant.

Rate of Interest

  • 9 % p.a. for Female Student
  • 9.25% p.a. for Male Student


  • 10% Margin on course fees

  • 20% on Immovable Security
  • 10% on Liquid Security

Whichever is lower

Documentation : Refer Basic Documents - Retail Loan

In addition to the basic documents

  • Copy of Agreement or Allotment letter
  • Undertaking stating source of own funds
  • Proof of admission
  • Estimate of course fee & other expense
  • Fee receipt or proof of payment
  • Copy of Passport & Visa
  • Mark sheet & Certificate of educational qualification


  • Equitable / Registered Mortgage of Immovable Asset.
  • Any liquid security by way of FDR/NSC/KVP etc .


  • Duration of the course + 6 months


  • 7 Years + Moratorium Period. Interest will be served during Moratorium Period. Total repayment period including moratorium period not to exceed 12 years.

Conditions Apply