Margin:

Up to Rs.4.00 lakh: Nil

Above Rs.4.00 lakh:

Study in India: 5%

Study abroad: 15%

Above Rs.7.50 lakh: 20%
However, margin will be nil up to Rs.7.50 lakh if the loan is eligible under the Credit Guarantee Scheme.

Repayment:

Holiday Period: Course period plus 1 year after getting a job, whichever is earlier.

Maximum Repayment Period: Equated monthly installments (EMIs) for a period of 15 years for all categories (excluding course and moratorium period).

Security:

Up to Rs.4 lakh: No security required.

Above Rs.4 lakhs and up to Rs.7.50 lakh: Parent(s)/guardian(s) to be joint borrower(s) along with suitable third-party guarantee.

Certainly! Step-by-step application process:
1. Visit Our Official Website.
2. Read carefully all the information about the program details.
3. Click on the "Register" to complete the registration with required details.
4. After successful registration, Use the received credentials to log into your account.
5. Once logged in, & Get more information about loans.
6. After, Visit the nearest branch of the bank offering education loans.
7. Schedule a meeting with a loan officer to discuss your loan requirements.
8. Ask the loan officer for the education loan application form.
9. Complete the application form with accurate information. Ensure all required fields are filled correctly.
10. Collect all necessary documents such as identity, address, income, academic records, admission confirmation, course fee details, etc.
11. Attach photocopies of the required documents to the application form.
12. Submit Application to the documents to the loan officer.
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