S.NO Bank Name Eligibility Criteria Studies in India
Studies in India:
Graduation Courses- B.A,
(a) Student eligibility: B.COM, B.Sc. etc.
Student be an Indian Post Graduation Courses:
National Masters Courses, Ph D,
Secured admission to etc.
professional/ technical Professional Courses:
courses in India or Engineering, Medical,
Abroad through Entrance Agriculture, Veterinary,
Test / Merit based Law, Dental,
1 Allahabad Bank Selection process. Management,
Candidates should be
2 Andhra Bank N/A within 12-30 years of age.
Axis Bank's Study Power
aims to provide financial
support to deserving
students for pursuing
higher professional or
technical education in
India and abroad. The
loan would be provided to
students who have
obtained admission to
Should be an Indian
3 Axis Bank career-oriented courses N/A
National.
Secured admission to
Professional/Technical
Courses at foriegn
Universities/Institutions.
4 Bank of Baroda N/A
STUDENT'S ELIGIBILITY: Studies in India
Should be an Indian (Indicative list):
National; Graduation courses : BA,
Secured admission to B.Com., B.Sc., etc.
professional/technical Post Graduation courses :
courses in India or Masters & Phd.
Abroad through Entrance Professional courses :
Test/Merit based Engineering, Medical,
selection process. Agriculture, Veterinary,
Good academic career. Law, Dental,
5 Bank of India The student should not Management, Computer,
Student Loan of Bank of School education
Maharashtra is sanctioned including plus 2 stage of
to those candidates, who CBEC & State Education
are Indian Nationals. You Boards.
can also apply if you get Graduation
admission to a courses/Colleges under
professional or technical universities approved by
program through UGC.
selection procedure or B.A, B.Com, B.Sc. etc.
entrance test. An Post graduation courses,
6 Bank of Maharashtra applicant will also be Masters and PhD
7 Bank of Rajasthan N/A N/A
Student should be an
Indian National having
secured admission to
Professional / Technical
courses through entrance
test / selection process.
8 Central Bank of India Age: 16-40. N/A
Student should be an Studies in India
Indian National.
v Graduation Courses :
v Should have completed BA, B.Com, B.Sc., etc
previous qualifying
examination. v Post Graduation
Courses : Masters & Phd.
v Secured admission to
professional/ technical v Professional Courses :
courses in India or Engineering, Medical,
9 Corporation Bank Abroad through Entrance Agriculture, Veterinary,
You are an Indian
national and have secured
admission to a
professional or technical
course in an Indian or
Foreign university.
· Simply walk in with Graduation courses, Post-
the marksheet of the Graduation courses,
qualifying exam. and Masters & PhD,
10 Dena Bank proof of admission. Professional courses.
Candidates applying for There are various
Federal Bank student loan undergraduate and
should be Indian postgraduate courses
nationals. Applicants will which are eligible for
be considered eligible Federal Bank student
only if they get admission loan. The courses should
to various professional or be offered by reputed
technical courses through institutions affiliated to
merit based selection universities and
process or entrance government statutory
11 Federal Bank examination. bodies.
Candidates willing to Management Courses (
apply for HDFC Bank Full-Time + Part Time ) -
education loan should be PostGraduation
Indian Nationals. Engineering Courses (
Applicants should be Government + Private ) -
between 16-35 years of Graduation
age. Collateral security is Medicine - Graducation +
essential for loans above Post Graducation
Rs. 7.5 lacs. A co- Masters in Computer
applicant is required if Application ( MCA/MCM) -
12 HDFC Bank you are applying for full Post Graduation
13 HSBC Bank N/A N/A
Studies in India:
Graduation courses : BA,
B.Com., B.Sc., etc
Post Graduation courses :
Masters & Phd
Professional courses :
Engineering, Medical,
Agriculture, Veterinary,
Law, Dental,
Management, Computer
14 IDBI Bank N/A etc
Should be an Indian
National
Should have secured
admission to
professional/technical
courses in India or abroad
15 India Overseas Bank N/A
The applicant should be
an Indian National.
He / She should have Diploma/Graduation/Post-
secured admission to graduation courses in
professional / technical various disciplines.
courses in India or abroad Computer certificate
through Entrance Test / courses of reputed
Merit based selection institutes accredited to
process. The Department of
Age of the Student - 15 to Electronics.
16 Indian Bank 30 Years (For Studies in
A student needs to be an
Indian national to apply
for Karnataka Bank
Student Loan.
He should get admission
to a professional,
technical or other kind of
program either in India or
abroad
The applicant needs to be
17 Karnataka Bank an adult or a minor N/A
Indian nationals not
above 45 years of age
those who secured
admission in a recognized
course of an approved
university (AICTE
approved institutions) OR
institutes recognized by a
18 statutory body.
Oriental Bank of Commerce N/A
Candidates applying for
the education loan need
to satisfy certain
eligibility criteria as
specified by the Punjab
and Sind Bank Job oriented graduation
Applicants should be courses, post graduation
Indian Nationals courses and courses
Candidates will be conducted by CPA-USA
considered eligible if they and CIMA-London.
19 Punjab and Sind Bank get admission to various
PNB has laid down a set Proof of being an Indian
of eligibility criteria for national i.e., School
sanctioning the education Leaving Certificate.
loans. Letter confirming
A student, who is an selection through
Indian national, can apply Entrance Test.
for the loan. Letter confirming
An applicant is considered admission to foreign
eligible for PNB university/institutions.
educational loan, if he Brochure of the
20 Punjab National Bank gets admitted to a educational institution
A candidate, who applies
for a program with
prospects of employment,
can apply for the loan.
Whether you apply for a
graduate, professional or
postgraduate program or
any other course
sanctioned by UGC, AICTE
or the government, you
21 State Bank of India will be considered eligible N/A
Only an Indian national
can apply for an
education loan from State
Bank of Hyderabad. The
student also should have
been admitted to a
vocational or professional
course on the basis of a
selection procedure or
entrance test. You will
22 also be considered
State Bank of Hyderabad applicant of a loan N/A
An
under Saraswati Yojana
will be considered
eligible, if he is an Indian
National.
He should also get
admission to a
professional or technical
course through a
selection procedure or an
23 `State Bank of Indore entrance test. N/A
24 State Bank of Mysore N/A N/A
Any student who is a Graduation: B.A., B.Com,
major representing B.Sc., etc.
himself or a minor
student represented by
parent or guardian of Post graduation: Masters
Indian nationality. & Phd.
Must have secured Professional courses:
admission on the basis of Engineering, Medical,
25 Syndicate Bank merit to professional/ Agriculture, Veterinary,
Applicant must have School education
secured admission to including plus 2 stage.
professional/technical
course through Entrance Graduation courses
Test/Selection Process. leading to degrees like
B.A., B.Sc., B.Com. etc.
Secured admission to
foreign University / Post Graduate courses
Institution. leading to Masters
degrees as also Ph.D.
26 UCO Bank No maximum or minimum
United Bank of India also
provides financial
assistance to meritorious
students willing to pursue
their higher studies in
abroad. Undergraduate
courses, Postgraduate
courses and various other
courses conducted by CPA
in USA and CIMA in
27 United Bank of India N/A London are eligible for
Student should be an Graduation courses : BA,
Indian National and B.Com., B.Sc., etc.
should have secured
admission to the relevant Post Graduation courses :
Professional/ Technical Masters & Phd.
courses in India or
Abroad through Entrance Professional Courses
Test/ Merit Based :Engineering, Medical,
Selection process. Agriculture, Veterinary,
However there is no age Law, Dental,
28 Vijaya Bank restriction for the Management, Computer
Studies
Studies Abroad Quantum of Loan
Abroad:Graduation: For Need based finance subject to
Job oriented repaying capacity of the
professional/technical parents / students with
courses offered by following ceilings:
reputed Universities. Studies in India: Maximum Rs
Post Graduation: MCA, 10.00 lacs
MBA, MS etc. Studies abroad: Maximum Rs.
Courses conducted by 20.00 lacs.
CIMA London, CPA in USA
etc.
For studies in India the
maximum amount of Andhra
Candidates applying for Bank Student Loan offered is
Dr. Pattabhi Vidya Jyothi Rs.10 lacs. Candidates
education loan should be applying for education loan to
within 18-35 years of age study abroad can get a
maximum amount of Rs.20
lacs.
The quantum of finance under
the scheme is capped at
Rs 7.5 lacs for studies in India
and Rs 15 lacs for studies
abroad, which would cover
tuition fees, hostel charges (if
any), cost of books, etc. The
minimum amount of loan
N/A would be Rs 50,000.
Graduate/Post Graduate /
Doctorate / Job Oriented
Professional / Technical
Courses offered by
reputed Universities
overseas.
Maximum amount of loan : Rs.
Regular Degree/ Diploma 20.00 Lacs.
courses like Aeronautical,
pilot training, shipping
etc. The Institute should
Studies abroad:
Graduation : For job Need based finance subject to
oriented repaying capacity of the
professional/technical parents/students with margin
courses offered by and the following ceilings :
reputed universities. Studies in India - Maximum
Post Graduation : MCA, Rs.10.00 lakh
MBA, MS, etc. Studies abroad - Maximum
Courses conducted by Rs.20.00 lakh.
CIMA - London, CPA in
USA, etc
Graduation : For job
oriented professional/
technical courses offered
by reputed universities.
Post graduation : MCA, The maximum amount of loan
MBA, MS etc. sanctioned by Bank of
Courses conducted by Maharashtra for studying in
CIMA - London, CPA in India and abroad is Rs 10 lacs
USA etc. and 20 lacs respectively.
There is a limit to the amount
of education loan sanctioned
by Bank of Rajasthan.
A candidate, planning to study
in India can apply for a
maximum loan amount of Rs
15 lacs.
The amount is Rs 30 lacs for
N/A studies in abroad.
Rs. 10 lacs for studies in
India.
Rs. 20 lacs for studies
Abroad
N/A
Studies abroad
Need based finance subject to
Graduation : For job repaying capacity of the
oriented professional/ parents/students with margin
technical courses offered and the following ceilings:
by reputed universities
Post Graduation : MCA, Studies in India - Maximum
MBA, MS etc upto Rs.10 lakhs
Courses conducted by Studies in Abroad - Maximum
CIMA - London, CPA in upto Rs.20 lakhs
USA etc
Graduation for
professional/ technical
courses offered by
reputed universities; Post Upto Rs.10 lakhs for studies in
Graduation (MCA, MBA, India.
MS)
· Upto- Rs. 20 lakhs for
Loan Amount studies abroad.
Federal Vidya Loan-The
maximum education loan
offered under this scheme is
Rs.25 lacs. Federal Special
Vidya Loan-The maximum
education loan offered is
Rs.7.5 lacs (Studies in India)
and Rs.15 lacs (Studies
abroad) respectively.
N/A
For loans with Moratorium :
Studying in India - Max Rs. 10
Lakhs
Studying abroad - Max Rs. 20
Lakhs
For Loans without Moratorium
:
Studying in India - Max Rs.
7.50 Lakhs
Studying abroad - Max Rs. 10
N/A Lakhs
N/A
Studies abroad: N/A
Graduation: For job
oriented professional/
technical courses offered
by reputed universities.
Post graduation: MCA,
MBA, MS, etc. Courses
conducted by CIMA- Maximum loan amount :
London, CPA in USA etc.
Special Courses Study in India-Rs.10 lakhs
Regular Degree/Diploma Study Abroad -Rs.20 lakhs
Maximum of Rs. 10.00 lakh for
studying in India and Rs. 20.00
lakh for studying abroad.
N/A
Job-oriented
professional/technical For Studies in India - Rs.10.00*
courses offered by lakhs
reputed universities. For Studies Abroad - Rs.20.00*
MCA, MBA, MS etc. lakhs
Courses conducted by * Higher quantum of loan also
CIMA – London, CPA in can be considered in
USA etc. deserving and meritorious
cases.
If you study employment-
oriented graduate You can apply for a maximum
program or post graduate loan amount of Rs 7.5 lacs for
program like MS, MBA and studying in India. For studying
MCA or other courses of abroad, you can apply for a
CPA in the US or CIMA- maximum amount of Rs 15
London abroad, you can lacs.
apply for the loan.
Education in India - Max.
Rs.10.00 lacs.
Education Abroad - Max.
Rs.20.00 lacs.
N/A
A maximum education loan
amount of Rs.7.5 lacs and
Rs.15 lacs are offered for
studies in India and abroad
N/A respectively.
You can borrow a maximum of
Rs 7.5 lacs and Rs 15 lacs for
studying in India or abroad
N/A respectively
An applicant is sanctioned a
loan of maximum Rs 10 lacs
for studying in India and Rs 20
lacs for studying in abroad. On
N/A a loan above Rs 4 lacs
A maximum amount of Rs 10
lacs is sanctioned for studying
in India. The amount for
studying in abroad is Rs 20
N/A lacs.
The amount of State Bank of
Indore education loan is
decided on the basis of the
requirement of an individual.
The maximum amount of loan
for studying in India and
abroad is Rs 10 lacs and Rs 20
N/A lacs respectively.
State Bank of Mysore offers
educational loans upto Rs 10
lacs and Rs 20 lacs for
studying in India and abroad
respectively. However the
minimum amount of loan in
N/A both the cases is Rs 10,000.
Graduation : For job Need based finance to meet
oriented expenses such as fee payable
professional/technical to college / school / hostel,
courses offered by examination fee, cost of
reputed universities. books, travel / passage fare for
studies abroad etc.
Post Graduation: MCA,
MBA, MS. Etc. Capitation fee / donation /
external coaching fee are not
Graduation : Job oriented
eligible for finance.
professional / technical Need based finance subject to
courses offered by repaying capacity of
reputed Universities. parents/students with
following ceilings :
Post Graduation : MCA,
MBA, MS, etc. Studies in India : Maximum Rs.
10.00 Lac
Courses conducted by
CIMA – London, CPA in Studies Abroad : Maximum Rs.
U.S.A., etc. 20.00 Lac.
Candidates applying for the
loan should be Indian
nationals and need to secure
admission through entrance
test or a selection procedure in
renowned institutions and
universities. The maximum
amount of loan granted for
study in India is Rs. 7.5 lacs.
Students willing to study
N/A abroad can get education loan
Graduation: For job
oriented professional /
technical courses offered
by the reputed university.
Post graduation: MCA, Studies in India : Maximum
MBA, MS, etc. Rs.10.00 lakhs
Courses conducted by Studies abroad : Maximum
CIMA-London, CPA in Rs.20.00 lakhs
USA, etc.
Documents to be Submitted
Letter of admission from the Institute
Expenses Considered for Loan
Fee payable to College / School /Hostel
Mark sheets from SSC onwards till the latest Examination/Library/Laboratory Fee
examination passed Purchase of Books / Equipments/ Instruments/
Letter from the Head of Department Uniforms.
(University) Caution Deposit/ Building Fund/ Refundable Deposit
Visa approval papers supported by Bills/Receipts of the Institution, subject
Travel papers to the conditions that amount does not exceed 10% of
GMAT/GRE/SAT score the total tuition fees for the entire course.
I-20 in case of applicant going to the USA Travel Expenses/Passage Money for studies abroad.
Income Documents of the Co-applicant (Pay Purchase of Computers essential for completion of the
Slips / ITR copy etc ) course.
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute
Letter from the Institute stating cost break up The education loan covers tuition fee, examination fee,
of the program (term-wise, year-wise) expense of study tours, hostel charges, cost of books
Mark sheets from SSC onwards till the latest and refundable deposits. The travel expenses and
examination passed passage money are also included in the loan.
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,
Letter of admission from the Institute
Mark sheets from SSC onwards till the latest
examination passed
Letter from the Head of Department
(University)
Visa approval papers
Travel papers
GMAT/GRE/SAT score
I-20 in case of applicant going to the USA
Income Documents of the Co-applicant (Pay
Slips / ITR copy etc ) N/A
Letter of admission from the Institute Fee payable to college/school/hostel*
Mark sheets from SSC onwards till the latest Examination/Library/Laboratory fee.
examination passed Purchase of books/equipments/instruments/uniforms.
Letter from the Head of Department Caution deposit/building fund/refundable deposit
(University) supported by Institution bills/receipts.
Visa approval papers Travel expenses/passage money for studies abroad.
Travel papers Purchase of computers - essential for completion of
GMAT/GRE/SAT score the course.
I-20 in case of applicant going to the USA Insurance cover for the student.
Income Documents of the Co-applicant (Pay Any other expense required to complete the course -
Slips / ITR copy etc ) like study tours, project work, thesis, etc.
Declaration/Affidavit confirming that no loan Fee payable to college/school/hostel*
has been availed from other Bank/Institution Examination/Library/Laboratory fee.
completely filled Application Form with Purchase of books/equipments/instruments/uniforms.
Photographs. Caution deposit/building fund/refundable deposit
Letter of admission from the Institute supported by Institution bills/receipts.
Letter from the Institute stating cost break up Travel expenses/passage money for studies abroad.
of the program (term-wise, year-wise) Purchase of computers - essential for completion of
Mark sheets from SSC onwards till the latest the course.
examination passed Insurance cover for the student.
KYC Documents for the Applicant & Co- Any other expense required to complete the course -
applicant (Residence Proof , ID Proof , like study tours, project work, thesis, etc.
Proof of being an Indian national i.e., School
Leaving Certificate.
Letter confirming selection through Entrance
Test.
Letter confirming admission to foreign
university/institutions.
Brochure of the educational institution stating Education Loan Scheme of Bank of Maharashtra
the amount of fees charged. covers cost of books, instruments and other
equipments, travel expenses, tuition fees and other
costs related to completing the course.
It takes about 15 days to complete the
proceedings of a loan and you need to submit
mark sheets as well as proof of your admission
and educational cost to the bank while
applying for the loan.
N/A
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute For payment of Hostel fee caution deposit, refundable
Letter from the Institute stating cost break up deposit, admission, examination, library, laboratory,
of the program (term-wise, year-wise) cost of books, equipments, uniforms, computer
Mark sheets from SSC onwards till the latest (Hypothecated). One-way air passage in case of
examination passed studies abroad. Reimbursement of admission fee
KYC Documents for the Applicant & Co- books airfare etc., if already incurred, within 1 month
applicant (Residence Proof , ID Proof , for studies in India / 6 weeks for abroad.
Declaration/Affidavit confirming that no loan Fee payable to college/school/hostel
has been availed from other Bank/Institution
completely filled Application Form with v Examination/Library/Laboratory fee
Photographs.
Letter of admission from the Institute v Purchase of books/equipments/instruments/
Letter from the Institute stating cost break up Uniforms
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest v Caution deposit*
examination passed
KYC Documents for the Applicant & Co- v Travel expenses/ passage money for studies abroad
applicant (Residence Proof , ID Proof ,
Declaration/Affidavit confirming that no loan Fee payable to colleges/ schools/ hostels
has been availed from other Bank/Institution Examination/ Library/ Laboratory fees.
completely filled Application Form with Purchase of books, equipment, instruments and
Photographs. uniforms.
Letter of admission from the Institute Passage fare for travel abroad.
Letter from the Institute stating cost break up Purchase of computers needed to complete the
of the program (term-wise, year-wise) course.
Mark sheets from SSC onwards till the latest Any other expense to complete the course like study
examination passed tours, project work, thesis etc.
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute
Letter from the Institute stating cost break up
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest
examination passed
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof , N/A
Declaration/Affidavit confirming that no loan Fee Payable to College/School/Hostel
has been availed from other Bank/Institution Exam/Library/Lab fees
Completely filled Application Form with Caution deposit / Refundable deposit asked by the
Photographs. institution/Building fund - supported by Institution
Letter of admission from the Institute bills/receipts
Letter from the Institute stating cost break up Purchase of Books/equipments/instrument/uniforms
of the program (term-wise, year-wise) Travel expenses/passage money for studies abroad
Marksheets from SSC onwards till the latest Purchase of computers - essential for completion of
examination passed the course
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof , Any other expense required to complete the course -
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute
Letter from the Institute stating cost break up
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest
examination passed
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof , N/A
Declaration/Affidavit confirming that no loan Fee payable to college/ school/ hostel
has been availed from other Bank/Institution Examination/ Library/ Laboratory fee
completely filled Application Form with Purchase of books/ equipments/ instruments/
Photographs. uniforms
Letter of admission from the Institute Caution deposit/ building fund/ refundable deposit
Letter from the Institute stating cost break up supported by Institution bills/ receipts
of the program (term-wise, year-wise) Travel expenses/ passage money for studies abroad
Mark sheets from SSC onwards till the latest Purchase of computers - essential for completion of
examination passed the course
KYC Documents for the Applicant & Co- Any other expense required to complete the course -
applicant (Residence Proof , ID Proof , like study tours, project work, thesis, etc.`
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute
Letter from the Institute stating cost break up
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest
examination passed
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof , N/A
Particulars/Documents to be submitted
Sl. No. Particulars For studies in India For
studies Abroad
1234
1. Proof of residence Xerox copies of Ration
Card or Voters Identity Card or Passport or
Electricity or Telephone bill or any such
document acceptable to the bank Same as in
Col.3
2. Academic record Copy of the Xth std/XIIth
std mark list, for under graduates. Degree mark N/A
Declaration/Affidavit confirming that no loan Karnataka Bank Student Loan covers several kinds of
has been availed from other Bank/Institution expenses related to an academic program. Tuition fee,
completely filled Application Form with cost of books and other study materials, travel
Photographs. expenses and lodging expense and several other
Letter of admission from the Institute costs are included in the loan. Even fees for exam,
Letter from the Institute stating cost break up library and laboratory as well as caution deposit,
of the program (term-wise, year-wise) refundable deposit and building fund are covered by
Mark sheets from SSC onwards till the latest loan. All other expenses, which are essential for
examination passed completing the course, are taken into account.
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,
Declaration/Affidavit confirming that no loan For higher education(after schooling).
has been availed from other Bank/Institution Items eligible for Finance:-
completely filled Application Form with Admission fee/Monthly fee/Examination fee, Books,
Photographs. Stationery & equipments,
Letter of admission from the Institute Air fare for joining the course abroad, Boarding &
Letter from the Institute stating cost break up lodging expenses of hostel/boarding houses, where
of the program (term-wise, year-wise) charges are standardised and paid to the Management
Mark sheets from SSC onwards till the latest of the Boarding House. Any other expenses required
examination passed to complete the course like study tours, project work,
KYC Documents for the Applicant & Co- thesis etc.
applicant (Residence Proof , ID Proof ,
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with The education loan offered by Punjab and Sind Bank
Photographs. covers examination fee, tuition fee, expense of
Letter of admission from the Institute educational tours, hostel charges, cost of purchasing
Letter from the Institute stating cost break up books and refundable deposits.
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest
examination passed The loan also includes travel expenses and passage
KYC Documents for the Applicant & Co- money of students traveling abroad.
applicant (Residence Proof , ID Proof ,
Declaration/Affidavit confirming that no loan The education loan of Punjab National Bank covers the
has been availed from other Bank/Institution college, school or hostel fee and expenses for buying
completely filled Application Form with books, instruments or uniform. It also includes exam,
Photographs. laboratory or library fee apart from money for buying
Letter of admission from the Institute computer, if necessary for pursuing the program. Your
Letter from the Institute stating cost break up travel and lodging expenses will also be covered by
of the program (term-wise, year-wise) the loan. Even Caution Deposit, refundable deposit or
Mark sheets from SSC onwards till the latest building fund and any other cost essential for studying
examination passed the program will be considered for loan.
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,
Completed Education Loan Application Form.
Mark sheets of last qualifying examination The student loan covers school, college or hostel fees
Proof of admission scholarship, studentship as well as cost for buying books and other necessary
etc items.
Schedule of expenses for the specified course Apart from the library, exam or library fees, even
2 passport size photographs caution deposit, refundable deposit and building fund
Borrower's Bank account statement for the last are considered for the loan.
six months Other expenses, which are mandatory for completing
Income tax assessment order, of last 2 years the course, travel expense as well as a maximum cost
Brief statement of assets and liabilities, of the of Rd 50,000 for buying a 2 wheeler, are taken into
Co-borrower account.
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute
Letter from the Institute stating cost break up
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest
examination passed
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof , N/A
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute
Letter from the Institute stating cost break up
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest
examination passed
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof , N/A
Copies of certificates/marks sheets of
examinations passed (from SSLC onwards)
2. Testimonials from the head of the institution
last attended/other respectable persons (at
least 2 persons).
3. Copies of letters conferring scholarship,
freeship, studentship etc.,
4. Proof of the admission/provisional selection Student Loans of State Bank of Mysore cover tuition
letter for the course. fee as well as other costs including that of books and
5. Schedule of expenses for the course. instruments. It also includes maintenance costs as
6. Two copies of passport size photograph of well as travel expenses.
Declaration/Affidavit confirming that no loan
has been availed from other Bank/Institution
completely filled Application Form with
Photographs.
Letter of admission from the Institute
Letter from the Institute stating cost break up
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest
examination passed
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof , N/A
Declaration/Affidavit confirming that no loan Hostel/Boarding Fees including caution
has been availed from other Bank/Institution deposit/building fund etc.
completely filled Application Form with
Photographs. Books, Stationery & Equipment required for the
Letter of admission from the Institute course, including Computers.
Letter from the Institute stating cost break up
of the program (term-wise, year-wise) Examination/Library/Laboratory fees.
Mark sheets from SSC onwards till the latest
examination passed Travel Expenses/Passage for studies abroad.
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof ,
Declaration/Affidavit confirming that no loan Fees payable to College/ School/ Hostel.
has been availed from other Bank/Institution
completely filled Application Form with Examination/ Library/ Laboratory Fee.
Photographs.
Letter of admission from the Institute Purchase of Books/ Equipments/ Instruments/
Letter from the Institute stating cost break up Uniforms.
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest Caution Deposit/ Building Fund/ Refundable Deposit
examination passed supported by Institution Bills/ Receipts.
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof , Travel Expenses/ Passage Money for studies abroad.
Declaration/Affidavit confirming that no loan Fee payable to college/ school/ hostel.
has been availed from other Bank/Institution
completely filled Application Form with Examination/ Library/ Laboratory fee.
Photographs.
Letter of admission from the Institute Purchase of books/ equipments/ instruments/
Letter from the Institute stating cost break up uniforms.
of the program (term-wise, year-wise)
Mark sheets from SSC onwards till the latest Caution deposit/ building fund/ refundable deposit
examination passed supported by Institution bills/ receipts.
KYC Documents for the Applicant & Co-
applicant (Residence Proof , ID Proof , Travel expenses/ passage money for studies abroad.
Margin Rate of Interest
Loan Upto Rs. 4.00 lacs
For loan upto Rs 4.00 lacs: NIL
For loan above Rs 4.00 lacs: For students of IIT / IIM/ ISB*
(i) Studies in India: 5% PLR-1.75%
(ii) Studies abroad: 15%
Scholarship / Assistantship to be For Others
included in Margin. PLR-0.75%
Margin Money to be brought on year-to-
year basis and disbursements are made Loan above Rs. 4.00 lacs
on a pro-rata basis
There is no margin for loans up to Rs.4
lacs. For loans above Rs.4 lacs the
margin stated is 5% and 15% for India
and abroad respectively.
N/A
No margin for loans upto Rs 4 lacs. For
loans above Rs 4 lacs, 5% margin for
studies within India and 15% for higher
studies overseas. N/A
Simple interest during repayment
holiday/moratorium period.
1% interest concession, if interest
debited during the repayment
holiday is serviced.
Margin : 15%
1% Concession in rate of interest to
loans for girl student.
Upto Rs.4.00 lacs – 2.50% below
Upto Rs.4 lakh : Nil BPLR., Min. 9.50% p.a.
Above Rs.4 lakh - Studies in India : 5% Above Rs.4.00 lacs upto Rs.7.50
Studies Abroad : 15% lacs – 2.00% below BPLR, Min.
· Scholarship could be included in 10.00% p.a.
margin. Above Rs.7.50 lacs - 1.25% below
· Margin to be brought in on year to year BPLR, Min. 10.75% p.a.
basis as and when disbursements are Simple interest during the
made. repayment holiday/moratorium
period. Penal interest @2% for
loans above Rs.4 lakh for the
Loan amount upto and inclusive of
Rs.4.00 lakh
BPLR-2.00% i.e. 10.25% p.a.
There is a margin of 5% and 15% on a Loan amount above Rs.4.00 lakh
loan amount above Rs 4 lacs. BPLR-1.25% i.e. 11.00% p.a.
N/A N/A
Cent Vidyarthi - Education Loan
(Irrespective of Amount of Loan and
Place of study i.e. India or Abroad)
Rate of Interest Processing
Charges
Normal Student IIT/ IIM Students
Male BPLR - 2.00% BPLR - 2.50%
Nil
Upto Rs. 4 lacs : NIL, Above Rs. 4 lacs:In Female BPLR - 2.50% BPLR -
India - 5% ,Abroad - 15% Margin 3.00% Nil
(scholarship may be included in margin.) SC, ST, & Minority Community
With effect from 03rd February,
Upto Rs.4 lakhs - Nil 2009:
Above Rs.4 lakhs - Studies in India 5%
Studies abroad 15% Upto Rs.7.50 Lakh
Loans disbursed upto 30.11.2007
- Scholarships / assistantship to be 11.75%
included in margin
- Margin may be brought-in on year-to- Loans disbursed on or after
year basis as and when disbursement 01.12.2007
are made on a pro-rata basis 12.25%
Products
Revised
Dena Vidyalaxmi Edu. Loan Scheme
Upto Rs. 4 lakhs- NIL for study in India :
and abroad.
Upto Rs. 4.00 lakhs:
· Above Rs. 4 lakhs- 5% for study in
India and 15% for study abroad. Repayable in 3 years
Repayble in > 3 yrs.
N/A N/A
N/A N/A
N/A N/A
Loan Margin: Upto Rs 4 lacs : BPLR – 1%
(12.50%)
Upto Rs. 4 lac - Nil Above Rs 4 lacs : BPLR (13.50%)
Above Rs. 4 lac -
- studies in India - 5% of the total Simple interest to be charged
course expenditure during repayment holiday and
- studies abroad - 15% of the total moratorium
course expenditure Accrued interest during the
repayment holiday period should be
added to the EMIs.
N/A N/A
Upto Rs.4.00 lakhs -12.50 % p.a. at
present
Rs.4.00 lakhs upto Rs.7.50 lakhs -
12.50 % p.a. at present
Above Rs.7.50 lakhs -12.75 % p.a. at
present
Upto Rs.4.00 lakhs - NIL Floating Rate linked with
Above Rs.4.00 lakhs Benchmark Prime Lending Rate
For Studies in India - 5% (BPLR) of the Bank and liable to
For Studies Abroad - 15% undergo changes whenever there is
a change in BPLR.
If you take a loan of above Rs 2 lacs,
there is a margin of 25%.
N/A
Rate of Interest: w.e.f. 14.01.2009
For Loan upto Rs. 4.00 Lacs PLR -
1.75 = 10.75 % per annum
For Loan above Rs. 4.00 Lacs PLR -
1.00 = 11.50 % per annum
Interest Rates revised w.e.f.
Upto 4 lacs - NIL 14.01.2009
Above 4 lacs for education in India - 5%
Education Abroad - 15% Education Loan for serving
professionals- PLR+0.75% i.e.
There is no margin for loan amount up to
Rs.4 lacs. For education loans above Rs.
4 lacs, the margin is 5% (studies in India)
and 15% (studies abroad) respectively.
N/A
Besides, there is a margin of 5% if you
borrow above Rs 4 lacs for studying in
India. The margin is 15% for studying
abroad. N/A
there is a margin of 5% and 15% for
studying in India and abroad
respectively. N/A
Upto Rs.4.00 Lacs - NIL
Above Rs. 4.00 Lacs
Studies in India - 5% AND Studies
Abroad - 15%
- Scholarship /assistantship to be
included in margin.
- Margin may be brought in on year
to year basis as and when
disbursements are made on a pro-rata
basis. N/A
Need based finance subject to repaying
capacity of parents / students.
Studies in India: Max. Rs. 10.00 lacs
Studies Abroad: Max. Rs.20.00 lacs
N/A
There is no margin on a loan amount
upto Rs 4 lacs.
For an amount more than Rs 4 lacs, there
is a margin of 5% for students studying
in India. It is 15% for those studying in
abroad. N/A
For loans upto Rs.7.50 lakhs - PLR
minus 2.00%
For loans upto Rs.4 lac - No Margin For loans above Rs.7.50 lakhs - PLR
required. minus 2.50%
For loans above Rs.4 lac - 5% for study No processing charges/service
in India and 15% for study abroad. charges are levied for educational
loans
Upto Rs. 4 Lac - Nil
Above Rs. 4 Lac Studies in India - 5%
Studies Abroad - 15%
N/A
There is no margin up to Rs.4 lacs. For a
loan amount above Rs 4 lakh, 5% and
15% are the margins for Inland studies
and studies abroad respectively.
N/A
Upto Rs. 4.00 Lakhs : NIL BPLR - 1.50 % p.a. Floating
Simple interest basis during study
Above Rs. 4.00 lakhs :Studies in India: 5 & repayment holiday period (upto
%# one year after completion of the
:Studies Abroad:15 % # course or six months after securing
a job, whichever is earlier)
# Scholarship / Assistantship to be
included in the margin. Margin can be Concession for Girl Students : Our
brought in as and when disbursements Bank has extended a 0.50 % interest
are made on prorate basis concession to Girl Students for
loans availed on or after 01.11.2008
Processing Fees/
Repayment Security
For IIT/IIM/ISB*
Processing Fees
Documentation Charge:
Repayment Holiday / Moratorium is For loan upto Rs 10.00 lacs- No For studies in India- Nil
Course Period + 1 year or 6 For studies abroad -
collateral security is required. co-
months after getting job, obligation* of parents/ guardian Rs.500/- upfront subject
whichever is earlier. required to the conditions that this
amount would be
Loan to be repaid within a *ISB means Indian School adjusted against the loan
maximum period of 7 years after Business, Hyderabad For others amount once the loan is
commencement of repayment. availed from us.
For loan upto Rs 4.00 lacs: No
Parents need to act as guarantor
for Andhra Bank education loan
amount up to Rs. 4 lacs. For loans
up to Rs.7.50 lacs, guarantee of
the parents is essential. Both
collateral security and guarantee
by parent are required for
education loans above Rs. 7.50
lacs.
N/A N/A
Security:
Third party guarantee and/or
collateral security may be asked
for in appropriate cases.
Additional Security:
Assignment of LIC policy in
favour of the Bank for the sum
assured being at least 100% of the
loan amount. The policy is kept
N/A alive during the currency of the N/A
Repayment Holiday/Moratorium Upto Rs.4.00/- lacs : No security
Period :
Above Rs. 4.00 Lacs and up to Rs.
Course period + 1 year or 6 7.5 lacs: Collateral in the form of a
months after getting job, suitable third
whichever is earlier. party guarantee alognwith 1% to be recovered
assignment of future income. upfront, which shall be
The loan is repayable in 5-7 years refunded, if applicant
after the above period. avails the loan.
Above Rs.7.5 lacs: Tangible
Upto Rs. 4 lakh : No security No processing charges.
Above Rs.4 lakh & upto Rs.7.5
lakh : Collateral security in the One time charges for any
Repayment holiday/Moratorium : form of a suitable third party deviations from the
Course period + 1 year or 6 guarantee. scheme norms including
months after getting job, Above Rs.7.5 lakh : Collateral approval of courses
whichever is earlier. security of suitable value or at the outside the scheme -
The loan is to be repaid in 5-7 discretion of the Bank suitable
years after commencement of third party guarantee alongwith Upto Rs.4.00 lacs - Rs.
repayment. the assignment of future income 500/-
of the student for payment of Over Rs.4.00 lacs upto
The repayment holiday covers 1 Security needs to be submitted by
year after completing the course or a borrower applying for a loan
6 months after getting a job. Once amount above Rs 4 lacs. The
you start repaying the student securities can be submitted in the
loan, you can complete repayment form of one category or in
in 5 years. combinations.
N/A
You can repay Bank of Rajasthan
Student Loans within a time period
of 3 to 5 years N/A N/A
Upto Rs.4 Lakhs: No security
-------------------------------------------------
-------------------------------
Above Rs. 4 lakhs and up to
Rs.7.50 lakhs:
Collaterals in the form of a
satisfactory third party Guarantee
------------------------------------------------- No Processing Fees
Repayment to commence 12 months after completion of studies or 6 months after securing jobs whichever is earlier.
Repayment holiday/Moratorium : Upto Rs.4 lakhs : Co-obligation of No processing/upfront
Course period + 1 year, or 6 parent/s. No other collateral charges shall be collected
months after getting the job, Security on educational loan for
whichever is earlier studies in India. For
Above Rs.4 lakhs and upto studies abroad,
The loan has to be repaid within a Rs.7.50 lakhs : Co-obligation of processing charges @ 1%
maximum period of 10 years after parents together with collateral of total loan limit
completion of repayment holiday security in the form of suitable sanctioned may be
period. third party guarantee. collected for fresh loan.
These charges are scheme
Above Rs.7.5 lacs : Co-obligation specific & inclusive of
Moratorium- Course period + 1
year or 6 months after getting a
job, whichever is earlier.
Repayment period- 5-7 years after
start of repayment.
N/A NIL
Federal Bank charges various
Federal Vidya Loan-Eleven years is kinds of securities for issuing
the maximum time period given for education loans.
the repayment of loan. Federal
Special Vidya Loan-Five to seven Federal Vidya Loan-Co-obligant or
years of time is given to the collateral security is required for
candidates for paying back the the bank to issue the education
loan. loan. N/A
Repayment holiday/ moratorium
would be for the course period + 1
year or 6 months after the student
gets a job/start earning whichever
is earlier.Customer has the option
of paying through Standing
instructions/ ECS/Post dated
cheques.
N/A N/A
N/A N/A N/A
Collateral Security
The repayment of loan to begin
after the course period + 1 year or
6 months after getting a job, Up to Rs 4 lacs No security
whichever is earlier. The loan to be Above Rs 4 lacs and up to Rs. 7.5
repaid within 5-7 years (maximum lacs Collateral in the form of a
tenor 84 months) after third party guarantee
commencement of repayment. Above Rs 7.5 lacs Collateral
security in the form of Land/
building, (The minimum value N/A
N/A N/A N/A
Documents should be executed
both by the student and parent /
guardian as joint borrower.
1. Upto Rs. 4 lacs - No security
The course period PLUS 1 year or
6 months after getting a job, 2. Above Rs. 4 lacs & Upto
whichever is earlier. Rs.7.50 lacs - Collateral in the
form of satisfactory third party
Repayable in 5– 7 years. guarantee
N/A
Apart from the parent or guardian
jointly taking the loan, there
should be a guarantor having
networth equal to the loan value
for borrowing a loan upto Rs 2
lacs.
If the loan amount exceeds Rs 2
lacs, a parent or guardian should
jointly take the loan and a
You can repay the loan in 5 to 7 collateral security equal to the
years after repayment is begun. loan amount should be submitted. N/A
For Loans upto Rs.4.00 lac
No Collateral Security
Co-obligation of parents/guardian
is must.
Upto 4 lacs - Rs. 100/-.
For Loans above 4 lacs and upto Above 4 lacs for education
Within 84 EMIs commencing 12 Rs.7.50 lacs in India - Rs. 500/-
months after course or 6 months No Collateral Security required, Education Abroad - Rs.
after getting the job, whichever is Co-obligation of parents/guardian 1000/-
earlier. is must
Punjab and Sind Bank demands
various kinds of securities for
issuing education loans.
Loans more than Rs.4 lacs- A
Repayment of loan commences collateral security
either one year after the course Loans more than Rs. 7.5 lacs-
ends or six months after one gets collateral security or guarantee of
a job. It depends on which one is third party.
earlier to the other.
N/A
You can repay the principal sum
and the interest in a time period of
5 to 7 years after you begin An applicant needs to present a
repaying. In case, a student fails to 3rd party as guarantee for
complete his study in the borrowing above Rs 4 lacs.
stipulated time period, he will be If the amount is above Rs 7.5 lacs,
given an extended time of 2 years the bank asks for a collateral
in maximum for completing the security or guarantee of a 3rd
program. party.
N/A
No security is required for loan
amount upto Rs 4 lacs.
A borrower should present a 3rd
The borrower can begin repaying 6 party as guarantee for a loan
months after getting job or one amount above Rs 4 lacs. No processing fee/
year after the course is completed, However, on SBI discretion, this upfront charges
whichever happens earlier. The clause of 3rd party guarantee may Deposit of Rs. 5000/- for
loan can be repaid in a period of 5 be waived off in certain cases. education loan for studies
to 7 years. If you borrow a loan amount abroad which will be
above Rs 7.5 lacs, you need to adjusted in the margin
offer a material collateral security money
Upto Rs. 4.00 Lacs - No Security No processing charges for
(Co-obligation of parent / studies abroad upto
guardian is compulsory). Rs.4.00 Lacs and in case
Above Rs.4.00 Lacs and upto of studies in India
Rs.7.50 Lacs: Collateral in the irrespective of loan
form of a suitable third party amount.
Course period + one year or six guarantee. In case of loans above
months after getting job, Above Rs.7.50 Lacs: - Collateral Rs.4.00 Lacs for studies
whichever is earlier. security of suitable value or Co- abroad.
5 to 7 years after commencement obligation of parents / Guardians / 1. Rs. 5000/- to be
of repayment. third party guarantee along with collected at the time of
A student loan amount upto 7.5 For borrowing Student Loan of
lacss and Rs 15 lacss for studying State Bank of Indore, you should
in India and abroad respectively know about the security deposit
should be repaid in 5 to 7 years for various loan amounts.
after repayment is begun. When If you are studying in India or
the loan amount exceeds Rs 7.5 abroad, you need to submit the
lacss and Rs 15 lacss in the guarantee of a 3rd party for a loan
respective cases, it can be repaid amount above Rs 4 lacs. For an
in 5 to 10 years after the amount exceeding 7.5 lacs and
repayment is begun. The upto Rs 10 lacs, you can deposit a
moratorium extends one year over material collateral security in N/A
Soon after the loan is disbursed to An applicant needs to keep a
a student for pursuing higher guarantee by 3rd party if he takes
studies in technical or an educational loan above Rs 4
professional program in India or lacs.
abroad, the amount can be repaid. If the amount of loans exceeds Rs
The installments, though minimum 7.5 lacs and is upto Rs 10 lacs,
during the course of study, you have to offer a collateral
increases 1 year after the program security, worth the amount of
is completed or the student is loan. If a collateral security can
employed, which ever is earlier. not be submitted, there should be
The loan along with the interest guarantee by the parent, 3rd party N/A
For loans upto Rs.4.00 lac
- NIL.
For loans above Rs.4.00
lac and upto Rs.7.50 lac -
Collateral in the form of
In 5 to 7 years commencing one satisfactory third party
year after completion of the course guarantee acceptable to
or 6 months after securing the job the Bank.
The loan will be repaid in 5-7 years
whichever is earlier. N/A
after commencement of
repayment. There will be
moratorium for repayment during Upto Rs.4.00 lacs – No security
"the course period +1 year or 6
months after getting job, which Above Rs.4.00 lacs – Collateral
ever is earlier". securities by way of suitable 3rd There is no processing fee
party guarantee or tangible /no service charge
1% interest concession may be security equivalent to loan
provided, if the interest is serviced amount. Interest Rates-
during moratorium period.
Security is required from
candidates for
Up to 4 lacs-No security is
The time given for repayment of required
education loans is five to seven Loan above Rs.4 lacs and up to
years. The repayment commences Rs.5.40 lacs- Third party suitable
either six months after one gets guarantee is required.
employed or one year after the Loan above Rs.7.50 lacs-collateral
completion of the course security or guarantee of third
whichever seems to be earlier. party. N/A
Amount Studies in India Studies
Abroad
Upto Rs. 4 lacs
No Security No Security
Above Rs. 4 lacs to Rs. 7.50 lacs
Suitable Third Party Guarantee
Suitable Third Party Guarantee
Above Rs. 7.50 lacs to Rs. 10 lacs
(India) / Rs. 15 lacs (Abroad)
Tangible Collateral security for
N/A full value of loan Tangible N/A
Online Link
http://www.allahabadbank.com/educa
tion.asp
http://www.andhrabank.in/
http://www.axisbank.com/personal/lo
ans/studypower/Education-Loan.asp
http://www.bankofbaroda.com/pfs/ed
uloans.asp
http://www.bankofindia.com/eduloan
s1.aspx
http://www.bankofmaharashtra.in/cre
dit_fac_edu.asp
http://www.bankofrajasthan.com/bor/
wcms/en/home/commercial-
banking/loans/index.html;jsessionid=
788D10099AA75E36FBF7DDF389206
DFB
http://www.centralbankofindia.co.in/e
nglish/loan_vidyarthi.asp
http://www.corpbank.com/asp/0100te
xt.asp?presentID=110&headID=19
http://www.denabank.com/viewsectio
n.jsp?lang=0&id=0,4,26,68
http://www.federalbank.co.in/
http://www.hdfcbank.com/personal/lo
ans/educational_loan/el_foreign/el_fo
reign.htm
http://www.hsbc.co.in/1/2/personal/lo
ans
http://www.idbi.com/products/educati
onalloan.asp
http://www.iob.in/Educational%20Loa
n.aspx?CAT/15
http://www.indian-
bank.com/educational_loan.htm
http://www.karnatakabank.com/ktk/L
oans.jsp
https://www.obcindia.co.in/obcnew/si
te/inner.aspx?status=2&menu_id=40
http://www.psbindia.com/
http://www.pnbindia.com/
http://www.statebankofindia.com/#
www.sbhyd.com/
http://www.indorebank.org/default.as
p
http://www.statebankofmysore.co.in/
\\Access2\office\admission 2008-
2009\Marketing\Financial
Website\Syndicate Bank.htm
http://www.ucobank.com/loan.htm#E
DUCATIONALLOAN
http://www.unitedbankofindia.com/ed
ucation-loan-application.asp
http://www.vijayabank.com/