Our bank offers students an opportunity to fulfill their dreams and pursue a course of study of their choice with comprehensive education loan products. Education loans can be availed with preferential interest rates for financing admissions in premier institutions in India and abroad with doorstep service for borrowers.
| Limit | Upto Rs. 10.00 Lakhs within the country. Above Rs. 10.00 Lakhs for studies in abroad |
Rate of Interest | 10.50% – Female Students 11.00% – Male Students (*If interest is served in the course period/moratorium period then a 1% concession in the Rate of Interest is applicable) |
Margin | Min 25% of course fee |
| Tenure | Max 60 to 120 months on EMI basis. |
| Security | In case if the loan amount is more than Rs. 1.00 Lac following collateral securities equivalent to the loan amount: a) LIC Policies duly assigned. b) Tangible securities such as NSC,RBI bonds etc. c) Term deposits. d)Mortgage of immovable properties. |
Processing Fees | NIL |
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