Eligibility :
	Student The applicant should be an Indian National. He / She should be aged between 16 - 35 yrs. Courses Management Courses ( Full-Time + Part Time ) - Post Graduation Engineering Courses ( Government + Private ) - Graduation Medicine - Graduation + Post Graduation Masters in Computer Application ( MCA/MCM) - Post Graduation Commercial Pilot License courses from Flying Schools approved by DGCA in India or an Equivalent approving body abroad. Online / Distance Learning courses Wherever it is a private institution, the same has to be recongized by the relevant/competent government body. Fine Arts and Designing - Graduation + Post Graduation Architecture - Graduation Hotel and Hospitality - Graduation + Post Graduation Agriculture - Post Graduation Pure Science - Graduation + Post Graduation B.A./B.Com/M.A./M.Com Courses such as SAP , ERP , GNIIT , Air Hostess Training programmes etc. Besides the above mentioned ,other Institute to be rated on the basis of their listing with the AICTE etc
Loan Details
	Coverage of expenses  Fee Payable to College/ School/ Hostel Exam/ Library /Lab fees Caution deposit / Refundable deposit asked by the institution/ Building fund - supported by Institution bills/ receipts Purchase of Books/ equipments/ instrument/ uniforms Travel expenses/ passage money for studies abroad Purchase of computers - essential for completion of the course Any other expense required to complete the course - like study tours, project work, thesis, etc. Quantum For loans with Moratorium : Studies in India - Max Rs. 10 Lakhs Studies in Abroad - Max Rs. 20 Lakhs For Loans without Moratorium : Studies in India - Max Rs. 7.50 Lakhs Studies in Abroad - Max Rs. 10 Lakhs Margin Upto Rs.4 lakhs - Nil Above Rs.4 lakhs - Studies in India 5% - Studies abroad 15% A co-applicant is required for all Full-Time courses . The co-applicant can be your parents, siblings, spouse or Family Relative . Loan eligibility would be calculated on the basis of the co-applicant's income. In case of Part Time courses , No Co-applicant required . However in order to increase the eligibility a co-applicant may be added . Security Collaterals are required only for educational Loans above Rs.7.5 lakhs. The acceptable collaterals are: Fixed deposits Property (Residential) Documents Required Progress reports to be provided at the time of every disbursement tranch. Progress report includes mark sheets or a letter from the Institute, in case the mark sheet are not available while processing the fresh disbursement tranch. The following documents have to be submitted post the sanction of the loan Education Loan Agreement SI/ECS Mandate as applicable Post Dated Security Cheques as per Policy Any other documents which might be required as per policy. Declaration/Affidavit confirming that no loan has been availed from other Bank/Institution Completely filled Application Form with Photographs. Letter of admission from the Institute Letter from the Institute stating cost break up of the program (term-wise, year-wise) Marksheets from SSC onwards till the latest examination passed KYC Documents for the Applicant & Co-applicant (Residence Proof , ID Proof , Signature Verfication Proof , Age proof ) Income Documents of the Co-applicant ( Pay Slips / ITR copy etc ) Declaration/Affidavit confirming that no loan has been availed from other Bank/Institution For studies abroad - In addition to the above list of documents – Pls Provide : Letter from the Head Of Department ( University) Visa approval papers Travel papers GMAT/GRE/SAT score I-20 in case of applicant going to the USA
Rate of Interest
	As per bank rules
Repayment
	Maximum tenure of the loan can be 7 years including moratarium period. Repayment holiday/ moratorium would be for the course period + 1 year or 6 months after the student gets a job/start earning whichever is earlier. Interest would have to be paid during the moratorium, the interest servicing would be of simple interest calculated on the loan amount disbursed payable monthly.