A good education is what paves the path to success, and we believe that everyone has the right to an education that will help them grow and prosper. That's why our Education Loans are designed to finance meritorious students who choose to pursue a higher education, both in India and abroad. With quick approval rates, minimal documentation and high loan amounts based on income and repayment capacity, you will never be far away from making your dreams come true.
There is no specific restriction regarding the age of a student in order to be eligible for an education loan.
Age of joint applicant / co-borrower / guarantor should be minimum 21 years at the time of loan origination and maximum age at the time of loan maturity can be 70 years.
If the student was a minor while the joint applicant / co-borrower / guarantor executed the document for the loan, the bank will obtain a letter of ratification from him/ her upon attaining majority.
The student should be an Indian National
The student shall have secured the admission in India or abroad through an entrance test or through merit based selection process
Post-Graduation Courses: Masters and Ph.D. from accredited institutions.
Professional Courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management and Computer Sciences.
Other professional courses such as CA, ICWA, CS, and CFA.
Masters and Diploma Management Programs.
Other courses leading to degree/diploma conducted by colleges/universities approved by UGC / Govt. / AICTE / AIBMS / ICMR, etc.
Regular Degree/Diploma course like aeronautical, pilot training, shipping, nursing or any other discipline approved by Directory General of Civil Aviation / Shipping / Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India.
Any other course as shall be declared from time-to-time.
Graduation: Reputed universities.
Post-graduation: MCA, MBA, MS and other courses as shall be declared from time-to-time.
Other courses such as CIMA - London, CPA in USA, CFA, CISA, and other approved courses as shall be declared.
Degree/Diploma course like aeronautical, pilot training, shipping, etc. provided these are recognised by competent regulatory bodies abroad for the purpose of employment in India/abroad.
Proof of identify
Proof of residence
Signature od verification from bank