Most banks aim to provide the much needed financial support to deserving students for pursuing higher professional or technical education in India and abroad. The education loan would be provided to those students who have obtained admission to career-oriented courses The Education Loams to students will ensure that worthy students are empowered to take their destiny in to their own hands.

The quantum of finance can vary from Rs 50,000 to Rs 20.00 lacs for studies abroad, which would cover tuition fees, hostel charges (if any), cost of books, etc.

No margin for education loans upto Rs 4 lacs. For loans above Rs 4 lacs, 15% margin for higher studies overseas.

The parent(s) or guardian of the student would be treated as a co-applicant of the student loan. His or her role would be, necessarily, like the primary debtor.

Third party guarantee and/or collateral security may be asked for in appropriate cases. In some cases Additional security may also be taken from the student.

The student loan will be disbursed in full or in suitable installments taking into account the requirement of funds and/or fee schedule as assessed by the Bank directly to the educational institution.