Student Education loans in India

Here know the complete information about Student Education Loans offered by Karur Vysya Bank India.

Karur Vysya Bank


Studies in India

Eligibility for Education Loan
  • Must be an Indian National.
  • Secured admission to Professional/ Technical courses through Entrance Test/ Selection Process.
Eligible Courses for Education Loan
  • Professional courses like Medical/Engineering/Veterinary/Nursing/Law/Management/PGDRIM/ ICWA/CA/CFA/IIM/ IIT/IISC/XLRI/NIFT and other courses approved by State/ Central Government.
  • All other courses leading to diploma/ degree etc., conducted by colleges/ universities approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc., and offered by National Institutes and other reputed private institutions.
Quantum of Finance
Maximum of Rs. 10.00 lacs for studies in India
Margin
  • Upto Rs.4,00,000/- -- NIL
  • Above Rs.4,00,000/- -- 5%

Studies in Abroad

Eligibility
  • Must be an Indian National.
Eligible Courses for Education Loan
  • Secured admission to job oriented Post graduation/technical courses offered by reputed universities
Quantum of Finance
Maximum of Rs. 20.00 lacs for studies in abroad.
Margin
  • Upto Rs.4,00,000/- -- NIL
  • Above Rs.4,00,000/- -- 15%

Common aspects for Indian and Abroad studies

Security
  • Upto Rs.4.00 lacs - No security
  • Above Rs. 4.00 lacs - Collateral security equivalent to the loan Amount or in the form of land & building, Govt. Securities/LIC policies/NSC etc.
Holiday Period
1 year after course period or 6 months after getting job, whichever is earlier.
Rate of Interest
  • Upto 7.50 lakhs -- For Boys - 12.00% and for Girls - 11.50%
  • Above 7.50 lakhs -- For Boys - 12.50% and for Girls - 12.00%
Repayment
In 5-7 years after repayment holiday (course period and 1 year or 6 months after getting job whichever is earlier).
For more details visit Karur Vysya Bank official website: kvb.co.in

Other Banks

User Comments


Post Your Answer

MSc Statistics Colleges

Submit
Students Discussion Forum