Important Links/Sites 
Education Loans
Purpose
To help students pursue higher education in recognized institutions who secured admission through a merit based selection process.Eligibility
The student should be Indian National.
Minor student should be represented by parent/guardian.
Loan shall be in the joint names of student and parent/guardian.
Student should have secured admission for higher education in recognised institutions in India or abroad through a merit based selection process.Limit & Margin
In India - Upto 10 lakhs; subject to Course wise cap
Abroad - Upto 20 lakhs; subject to Course wise cap
Upto 4 lakhs - Nil
Above Rs.4 lakh for Studies in India -5%
Abroad -15%Security
No security, Parent to be joint borrower.
Assignment of future income of the student, for payment of installments
Parent to be joint borrower
Third party guarantee having net worth to cover the loan amount or equitable mortgage of landed property with sufficient value
Assignment of future income of the student, for payment of installments
Parent to be joint borrower
EM of landed property with sufficient value, covering atleast 150% of the loan amount.
Assignment of future income of the student, for payment of installmentsRepayment
For loans above 7.5 lakh, maximum repayment period is 15 years
For loans above 5 lakh, maximum repayment period is 10 years
Moratorium period (Course period + one year or 6 months after getting job whichever is earlier)Interest Rates & Charges
For Loan interest rates click here
