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Educational Loan

Loan Information

Educational Loan Details

Comprehensive information about our Educational Loan facility

Facility Details

Feature Details
Purpose For higher education expenses including tuition fees, books, accommodation, etc.
Eligibility Students pursuing higher education / Parents/Guardians of students
Rate of Interest Upto 2 Lakh 14%, above 2 Lakh 13%
Loan Amount Based on course fees and other expenses
Repayment Period Flexible tenure with moratorium period during course
Security May require guarantor or collateral based on loan amount
Processing fees As per bank norms
Documentation 1. Duly filled loan application form
2. Identity and residence proof of student and parent/guardian
3. Admission letter from educational institution
4. Fee structure from institution
5. Income proof of parent/guardian
6. Passport size photographs
7. Additional documents as per requirement
*conditions apply

Eligibility Criteria

  • Indian Resident
  • Student enrolled in recognized institution
  • Parent/Guardian with stable income
  • Good academic record
  • Valid admission confirmation

Documents Required

  • Identity Proof (Aadhaar/PAN/Voter ID)
  • Address Proof
  • Admission letter from institution
  • Fee structure from institution
  • Income proof of parent/guardian
  • Passport size photographs