Education Loan Scheme


It aims at providing financial support to poor and meritorious students for pursuing higher education in India and abroad.


Indian National who has secured admission to professional/technical courses in recognized institutions in India or Abroad through Entrance Test/Merit based Selection Process after completion of H.S.C. (10+2 or equivalent).

Quantum of Loan

  • Studies in India: Maximum up to Rs. 10 lakhs
  • Studies Abroad: Maximum up to Rs. 25 lakhs


  • For loan up to Rs. 4.00 lakh: NIL
  • For loan above Rs. 4.00 lakh in India: 5.00%
  • For loan above Rs. 4.00 lakh Abroad: 15.00%

Application of Interest

Servicing of interest during study period and the moratorium period till commencement of repayment is optional for students.

A concession of 1% will be given if interest part is serviced during moratorium.

Accrued interest will be added to the principal amount borrowed while fixing EMI for repayment.

Interest Rate 

As per Bank's guidelines.