Limit: Based on fees structure of entire duration of the course.
For studies in India - upto Rs. 10.00 Lacs
For studies abroad - upto Rs. 20.00 Lacs
Eligibility: 1. Applicant (if not a minor) should be an 'A' class member. In case the student is a minor, parent / Guardian should be the principal borrower, and student co-borrower.
2. minimum 70% marks in aggregate and 75% in revelant subjects (PCM/PCB) in all preceding Board / University exams. For post-Graduation courses in Management, student should have secured at least a first class in the degree examinations.
Rate of Interest: Attractive rate of interest.
Repayment Period: Convenient Repayment Option, Maximum 5 to 7 years. Repayment will start after six months from completion of education of education or getting job whichever is earlier.
Disbursement: Annually / Semi-Annually provided student passes previous exam in first attempt.
Security: Mortgage of immovable property of parents, in addition to two Guarantors acceptable to Bank.
Minimum Processing fees.