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Meghalaya Rural Bank

Education Loan

To provide financial support to poor and meritorious students for pursuing higher education in India and abroad.

  • Must be an Indian National.
  • Must have secured admission to professional/technical courses in recognized institutions in India or abroad.
  • Admission must be through an Entrance Test/Merit-based Selection Process after completing H.S.C. (10+2 or equivalent).
  • As per the bank's guidelines.
  • Servicing of interest during the study period and the moratorium period till the commencement of repayment is optional for students.
  • A concession of 1% will be given if the interest is serviced during the moratorium period.
  • Accrued interest will be added to the principal amount while fixing EMI for repayment.
  • Studies in India: Maximum up to Rs. 10 lakhs
  • Studies Abroad: Maximum up to Rs. 25 lakh
  • Admission to a recognized professional/technical course through a valid selection process.
  • Indian nationality.

As per bank’s requirement and guidelines. Typically, security may not be required for loans up to a certain amount, with higher amounts possibly requiring collateral.

  • Processing fees and other related charges as per the bank’s guidelines.
  • Additional terms and conditions may apply as per the bank's policies.
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