Eligibility :
	Student 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 statutory body. Courses For higher education(after schooling)
Loan Details
	Coverage of expenses  Admission fee/Monthly fee/Examination fee, Books, Stationery & equipments Air fare for joining the course abroad, Boarding & lodging expenses of hostel/boarding houses, where charges are standardised and paid to the Management of the Boarding House. Any other expenses required to complete the course like study tours, project work, thesis etc. Quantum For studies in India - Max. Rs.10.00 lacs For studies Abroad - Max. Rs.20.00 lacs. Margin Upto 4 lacs - Nil Above 4 lacs - Education in India - 5% - Education Abroad - 15% Security For Loans upto Rs.4.00 lac No Collateral Security Co-obligation of parents/guardian is must. For Loans above 4 lacs and upto Rs.7.50 lacs No Collateral Security required Co-obligation of parents/guardian is must One satisfactory third party guarantee Above Rs.7.50 lacs Co-obligation of parents/guardian is obligatory Mortgage of immovable property or any other tangible security like pledge of NSC/UTI/LIC (Surrender Value)/ Bonds/ Bank's deposits (Except under tax saving scheme) etc. . having value at least equal to 100% of loan. Extension of charge on property already mortgaged with our Bank, subject to adequate residual value of security.
Rate of Interest
	For Loan upto Rs. 4.00 Lacs: PLR - 1.25 = 10.75 % p a For Loan above Rs. 4.00 Lacs: PLR - 0.50 = 11.50 % p a (0.50% concession in interest for girl student) The minimum interest on education loans after allowing all concessions, which includes 0.50 concession to girl shall not fall below 10.50% p.a. (for male students) and 10.25% (for female students) Concession on Rate of Interest : Simple Interest shall be charged during study and moratorium period. The concession of 1% in rate of interest to be allowed, if interest is serviced regularly during the study and moratorium period. This concession shall be allowed after expiry of moratorium. Process Fee: Upto 4 lacs - Rs. 100/-. Above 4 lacs for education in India - Rs. 500/- Education Abroad - Rs. 1000/-
Repayment
	Within 84 EMIs commencing 12 months after course or 6 months after getting the job, whichever is earlier.