An education loan is an obvious choice if you need finance to meet the expenses for pursuing eligible education courses, which include Tuition fees, Books and other Study materials / Stationery, Hostel charges, and other related expenses.

Loan - Eligibility

Individual Student Jointly with Parent / Guardian
Other Eligibility:

  1. Should have passed all previous examinations in one attempt.
  2. Must have secured admission for the desired Course / Diploma / Degree / Post-Graduation at the approved University / Institute.
  3. Courses include “ Graduation, Post-graduation Medical courses i.e. Medical / Dental / Veterinary, etc. Engineering / Marine engineer. / Architecture etc. Agriculture, Management, Law, Pilot / Air-hostess training, IATA courses, Hospitality courses of an established / reputed Foreign University / Institute.

Loan - Amount & Tenure

Loan Period

  1. In case of loan amount up to Rs. 5.00 lakhs [Clean], loan repayment will start immediately after one month from the date of 1st disbursement.
    Maximum 5 years or considering the Age & remaining Service period of Guardian / Parent.
  2. In case of loan amount above Rs. 2.00 lakhs- Borrower may choose option 2 or 3.
    Option-[2] Maximum 5 years. Repayment of loan (EMI) will start immediately after one month from the date of first disbursement.
    Option-[3] Maximum 5 years (60 EMIs), to start from 6 months after completion of the course or securing a job, whichever is earlier or considering the Age & remaining Service period / Business of Guardian / Parent.
    During the period before repayment starts (i.e. moratorium period), interest is payable every month as and when applied to the loan a/c.

Maximum Amount

  1. Unsecured: Max. Rs.5.00 lakhs (if Salary undertaking / Sec.49 / ECS Mandate through Salary account of Parent / Guardian) is available.
  2. Secured:
    1. Course in India-Max. Rs.10.00 lakhs
    2. Course Abroad Max. Rs. 20.00 lakhs for Foreign studies.

Get financing for whatever you need now

Apply Now

Loan - Other Information


Two Guarantors with adequate means and income acceptable to the Bank


  1. Up to  Rs. 5.00 lakhs: – Life Insurance Policy in the name of Borrower. Assignment of LIP for Sum Assured equivalent to Loan amount, depending upon case to case basis.
  2. Over Rs.. 5.00 lakhs: 100% Security by way of Immovable Property or Financial Assets like Term Deposits, NSC, LIC policies having adequate Surrender value.


Min. 5% on entire Study cost.

Check your EMI

EMI Calculator