2. Services
  3. Education Loan

Education Loan

Purpose

  • Loans for Indian nationals- meritorious students for pursuing higher education in India or abroad.

Eligible courses —

Studies in India

  • Graduation, Post-graduation including regular technical and professional Degree/Diploma courses conducted by colleges/ universities approved by UGC/ AICTE/IMC/Govt./AIBMS/ICMR. etc
  • Regular Degree/ Diploma Courses conducted by autonomous institutions like IIT, IIM, NIFT, IISc etc
  • Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping etc. approved by Director General of Civil Aviation/Shipping.
  • Courses like ICWA, CA, CFA etc.
 

Studies abroad

  • Job oriented professional/ technical Graduation Degree courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc offered by reputed universities and Courses conducted by CIMA-London, CPA in USA etc.

Expenses considered for loan

  • Fees payable to college/school/hostel.
  • Examination/Library/Laboratory fees.
  • Purchase of Books/Equipment/Instruments/Uniforms, Purchase of computers- essential for completion of the course (maximum 20% of the total tuition fees payable for completion of the course).
  • Caution Deposit/Building Fund/Refundable Deposit (maximum 10% tuition fees for the entire course).
  • Travel Expenses/Passage money for studies abroad.
  • Fee payable to college for Indian School of Business.
 

Quantum of loan (maximum)

For Amount
Studies in India Rs. 10 lakhs
Studies Abroad Rs. 20 lakhs
Education Loan to Indian School of Business student Rs. 20 lakhs
Education Loan to the students of Premier Central Institutions such as IIMs, IITs etc Rs. 20 lakhs

ऋण योजना

उच्च शिक्षा प्राप्त हेतु ऋण

उद्देश्य

उच्च शिक्षा हेतु

अधिकतम ऋण

अभिभावक की वार्षिक आय का 2.5 गुणा अथवा बवेज व िेजनकल का 80ः या 7 लाख रू0 तक, जो भी कम हों।

ब्याज दर

3 लाख रू0 तक 10.20% वार्षिक एवं 5 लाख तक पर 11% वार्षिक 5 लाख से अधिक पर 11.50% वार्षिक।

अवधि एवं अदायगी

पाठयक्रम पूर्ण होने के छः माह पश्चात अथवा छात्र के नियोजन पाने के अगले माह से 60 समान मासिक किश्तों में