Education Loans in India
Tuesday, January 21, 2020
Education & Career
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The Ratnakar Bank Education Loan Scheme

Eligibility : 


  • Student should be an Indian national and have secured admission to a professional or technical course in an Indian or Foreign university.


a) For Studies in India

  • Graduation courses
  • Post-Graduation courses
  • Masters & PhD
  • Professional courses

b) Studies abroad:

  • Graduation for professional/ technical courses offered by reputed universities

Loan Details

Coverage of expenses 

  • Fee payable to colleges/ schools/ hostels
  • Examination/ Library/ Laboratory fees.
  • Purchase of books, equipment, instruments and uniforms.
  • Passage fare for travel abroad.
  • Purchase of computers needed to complete the course.
  • Any other expense to complete the course like study tours, project work, thesis etc.


  • Studies in India - Upto Rs.7 lakhs
  • Studies in Abroad - Upto- Rs. 15 lakhs


  • Upto Rs.4 lakhs - Nil
  • Above Rs.4 lakhs - 5%
Rate of Interest

As applicable from time to time.

  • For loan up to Rs. 4 Lakhs - Interest rate as per PLR
  • Above Rs. 4 Lakhs - PLR +1% for loans

Repayment period- 7 years

Processing Fees - Nil


Contact Details

Administrative Office:
The Ratnakar Bank Ltd.,
'Mahavir', Shri Shahu Market Yard, Kolhapur - 416005. Maharashtra State
Telephone No. : 0231-2650981 to 984
Fax No. : 0231-2657386
E-mail : Contact Now
Website : visit

Click here for the nearest bank branches

Note : Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.