The Education loan scheme aims at providing financial assistance on reasonable grounds

• To the poor and needy to undertake basic education.
• To the meritorious students to pursue higher/professional/technical education

1. Courses Eligible
1. Studies in India -
• School education including +2 stage.
• Graduation courses: BA, B.Com., B.Sc., etc.
• Post Graduation courses: Masters & Ph.D.
• Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
• Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university.
• Courses like ICWA, CA, CFA, etc.
• Courses like IIM, IIT, IISc, XLRI, NIFT, etc.
• Courses offered in India by reputed foreign universities.
• Evening courses of approved institutes.
• Other courses leading to diploma/degree etc. conducted by colleges/universities approved by UGC/Govt./AICTE/AIBMS/ICMR etc.
• Courses offered by National Institutes and other reputed private institutions. Banks may have the system of appraising other institution courses depending on future prospects/recognition by user institutions.
2. Studies abroad -
• Should be an Indian National
• Secured admission to professional/technical courses through Entrance Test/ Selection process.
• Secured admission to foreign university/Institutions.

Up to Rs. 4.00 lakhs NIL

Above Rs. 4.00 lakhs Studies in India 5%

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.