A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.
All courses having employment prospects are eligible.
Expenses considered for loan
Any other expenses required to complete the course like study tours, project work etc
Amount of Loan
For loans upto Rs.4 lacs - 12.75% p.a. Floating
For loans above Rs.4 lacs - 13.75% p.a. Floating
Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier.
|Place of Study||Loan Amount||Repayment Period|
|in Years||In India Up to Rs. 7.5 lacs
Above Rs. 7.5 lacs
|Abroad||Up to Rs. 15 lacs
Above Rs. 15 lacs
|Amount||Studies In India||Studies Abroad|
|Upto Rs. 4 lacs||No Security||No Security|
|Above Rs. 4 lacs to Rs. 7.50 lacs||Suitable third Party Guarantee||Suitable third Party Guarantee|
|Above Rs. 7.50 lacs to Rs. 10 lacs(India)/ Rs. 15 lacs(Abroad)||Tangible Collateral security for full value of loan||Tangible Collateral security of suitable value of loan or suitable third party guarantee.|
|Rs 15 lacs to Rs. 20 lacs||Tangible Collateral security for full value of loan|
* Conditions Apply
Online Loan Application Form