For studies in India, maximum Rs. 10 lacs
Studies abroad, maximum Rs. 20 lacs
INTEREST RATE
For loans upto Rs.4 lacs - 11.50% p.a. Floating
For loans above Rs.4 lacs - 13.25% p.a. Floating
PROCESSING FEES
No processing fee/ upfront charges
Deposit of Rs. 5000/- for education loan for studies abroad which will be adjusted in the margin money
REPAYMENT TENURE
Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier.
Place of Study:      India
Loan Amount:      up to Rs. 7.5 lacs
Repayment Period :      5 to 7
Place of Study:      Abroad
Loan Amount:      Above Rs. 7.5 lacs
Repayment Period :      5 to 10
SECURITY
Studies In India
Upto Rs. 4 lacs --- No Security
Above Rs. 4 lacs to Rs. 7.50 lacs ---Third Party Guarantee
Above Rs. 7.50 lacs to Rs. 10 lacs(India)/ Rs. 15 lacs(Abroad) ----Tangible Collateral security for full value of loan
Studies In abroad
Upto Rs. 4 lacs --- No Security
Above Rs. 4 lacs to Rs. 7.50 lacs ---Third Party Guarantee
Above Rs. 7.50 lacs to Rs. 10 lacs(India)/ Rs. 15 lacs(Abroad) ----Tangible Collateral security of suitable value of loan or third party guarantee
Rs 15 lacs to Rs. 20 lacs---Tangible Collateral security for full value of loan
MARGIN
For loans up to Rs.4.0 lacs : No Margin
For loans above Rs.4.0 lacs:
   Studies in India: 5%
   Studies Abroad: 15%
DOCUMENTATION REQUIRED
Completed Education Loan Application Form.
Mark sheets of last qualifying examination
Proof of admission scholarship, studentship etc
Schedule of expenses for the specified course
2 passport size photographs
Borrower's Bank account statement for the last six months
Brief statement of assets and liabilities, of the Co-borrower
Proof of Income (i.e. Salary slips/ Form 16 etc)