Education Loan
Funding for higher studies in India and abroad, on student-friendly terms.
Education tuition, hostel, examination, and course fees can cost more than families plan for. Our Education Loan covers tuition and allied expenses for recognised courses — at home or abroad — with repayments that only begin after your course ends.
The rate while you study stays concessionary; seasoning into repayment after six months in work is simple.
Interest rates
| Balance slab | Interest rate | Note |
|---|---|---|
| During study period | 7.50% p.a. | |
| After course completion | 8.50% p.a. |
Loan period
- Study period
- Up to course duration + 1 year
- Repayment
- Up to 10 years after moratorium
- Moratorium
- Course period + 6 months
Required documents
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Admission letter From the recognised institution
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Course fee structure Official fee slip / offer letter
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Identity & address Student and co-applicant (parent/guardian)
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Income proof Of the co-applicant paying the loan
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Passport-size photos Student and co-applicant
Eligibility
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Member of the society (parent or in service)
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Admission to recognised course In India or abroad
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Student age 17 – 35 years
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Co-applicant Parent, guardian, or earning spouse required
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Entrance-marks proof Where applicable