Eligibility :
	Student Be an Indian National Has secured admission to professional or technical courses through an appropriate Entrance Test or selection process Has secured admission to a foreign University Has passed an appropriate qualifying examination Courses a) Studies in India School education up to +2 Graduation/Post-Graduation Professional course Management course Special Education Loan Scheme for Students pursuing courses from approved institutions like IITs/ IIMs/ NIT / XLRI/ BITS/ VIT/ IISc/ S.P. Jain Institute Of Management/ Symbiosis Institute Of Management and T.S. Chanakya, Navi Mumbai- Nautical Science and MERI, Calcutta, Marine Engineering, MERI, Mumbai, Maritime Science. a) Studies abroad Graduation: For job-oriented professional or technical courses offered by reputed universities Post-Graduation: MCA, MBA, MS and such other courses Courses conducted by CIMA, London, CPA, USA., and such other institution
Loan Details
	Coverage of Expenses Hostel/Boarding Fees including caution deposit/building fund etc. Books, Stationery & Equipment required for the course, including Computers. Examination/Library/Laboratory fees. Travel Expenses/Passage for studies abroad. Quantum Studies in India : Up to Rs. 10 lacs Studies Abroad : Up to Rs. 20 lacs Margin Upto Rs. 4 Lac - Nil For loans above Rs. 4 lacs - Studies in India - 5% - Studies abroad - 15% Service Charge : There is no processing fee /upfront /service charge Scholarship/assistance to be included in margin. Security Loans up to Rs. 7.50 lacs - No collateral security is needed For loans above Rs. 7.50 lacs - collateral security of suitable value, along with co-obligation of parents/ guardian/ third party, accompanied by an assignment of future income of the student for payment of installments is required.
Rate of Interest
	For Male Student : For loans up to Rs. 4.00 lakhs - 11.75% (Fixed) For loans above Rs. 4.00 lakhs upto Rs.7.50 lakhs - 12.50% (Fixed) For loans Above Rs. 7.50 lakhs - 12.00% (Fixed) For Female Student : For loans up to Rs. 4.00 lakhs - 11.25% (Fixed) For loans above Rs. 4.00 lakhs upto Rs.7.50 lakhs - 12.00% (Fixed) For loans Above Rs. 7.50 lakhs - 11.50% (Fixed)
Repayment
	Course period + 1 year OR 6 months after job placement, whichever is earlier. Starting from this point, the loan is to be repaid in 5-7 years after completion of course period/moratorium.