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Courses Eligible
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Higher studies
Diploma / Graduate / Post-graduate courses in the faculties of Engineering, Technology, Architecture, Medicine, Dental Science, Agricultural Science, Veterinary Science and Computer courses accredited by DOEACC.
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Student Eligibility
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You should be an Indian National
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You should have secured admission to professional /technical courses or other academic courses
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You should have secured admission to foreign University/Institution
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Expenses Considered
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Tuition and other fees, Maintenance costs, books & equipments, Cost of passage (for studies abroad), Caution fund/building fund/refundable deposit
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Quantum of Finance
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Amount of loan (in Indian Rupees)
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MIN(Rs.)
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MAX(Rs.)
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School / College going students in India
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10000
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1.00 lac
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Higher Education- In India
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10000
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7.50 lacs
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Higher Education- Abroad
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10000
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15.00 lacs
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Margin
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Upto Rs.4.00 lacs NIL. Above 4.00 Lacs, the following slabs apply.
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Security
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For loans upto Rs. 4.00 lakh Nil
For loans above Rs. 4.00 lakh Personal guarantee of your parent(s)
Collateral security in the form of NSC/KVIP, LIC Policy, Gold, Shares/Debentures or immovable properties Bank Deposits in the name of student/Parent/Guardian or any other third party with suitable margin.
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Repayment
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To be repaid in 5 to 7 years.
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Holiday
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Repayment Holiday - Course period + 1 year or 6 months after getting job, whichever is earlier.
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Interest Rate
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Upto Rs. 4.00 lacs 12.50%
Above Rs. 4.00 lacs 13.50%
Upto Rs. 4.00 lacs at Bank PTLR; above Rs. 4.00lacs @PTLR+1%
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