Meritorious students who are not gainfully employed and who have consistent good academic record with 60% marks and above in the last preceding public examination.

To meet the cost of education covering tuition fees, Exam fees, Development fees, Hostel fees, books, instruments etc.

• All full-time professional courses recognised by University/UGC/AICTE/Medical Council/State or Central Government.

• The period of study should not exceed 5 years

• Computer Courses: Part-time/Full-time in Institutes approved by Government of India (Department of Electronics)

• Duration of the course: Minimum  - 12 months Maximum - 48 months

• For Computer Courses - Maximum : Rs.1.00 lakh

• For other professional courses - Maximum : Rs.3.50 lakhs

• Upto Rs.2.00 lakhs - 10%   

• Upto Rs.3.50 lakhs - 15%

• Initial holiday period of 6 months after the completion of the course or immediately on getting a job whichever is earlier.

• For limits upto Rs.1.00 lakh  : 42 months

• For limits upto Rs.3.50 lakhs : 60 months

The loan should be availed from the branch nearest to the place of permanent residence of the student

Any Graduate/Post-graduate courses with good employment prospects.  The period of study should not exceed 5 years

Maximum - Rs.10.00 lakhs

• Upto   Rs.5.00 lakhs - 15%

• Above Rs.5.00 lakhs - 25%

PLR + 1.5% (i.e. 14%)

Interest to be serviced every quarter.  Repayment of principal to commence 6 months after the completion of the course or immediately on getting a job whichever is earlier For limits upto Rs.10.00 lakhs - Maximum 96 months 

The applicant should be an Indian National. He / She should have secured admission to professional / technical courses through Entrance Test / selection process or should have secured admission to Foreign University / Institutions.

To meet the cost of education covering fee payable to college / school / hostel, exam fees, purchase of books / equipment’s, travel expenses / passage money for studies abroad, purchase of computers essential for completion of the course etc.

Studies in India

1. School Education including plus 2 stage.

2. Graduation courses viz. B.A., B.Com., B.Sc., etc.

3. Post-graduation courses viz., Masters & Ph.D.

4. Professional courses like Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer certificate courses of reputed institutes accredited to Dept., of Electronics

5. ICWA, CA, CFA etc. Courses conducted by IIM, IIT, IISc, XLRI, NIFT etc

6. Courses conducted by colleges/universities approved by UGC/Government of India/AICTE/AIBMS/ICMR etc.

Studies Abroad

1. For job-oriented professional/technical courses offered by reputed universities.

2. MCA, MBA, MS etc.

3. Courses conducted by CIMA – London, CPA in USA etc.

• For Studies in India - Rs.7.50 lakhs

• For Studies Abroad - Rs.15.00 lakhs

No restriction.

• Upto Rs.4.00 lakhs - NIL

• Above Rs.4.00 lakhs
  For Studies in India - 5%
  For Studies Abroad - 15%

• Upto Rs.4.00 lakhs   - PTLR (12.50% p.a.)

• Above Rs.4.00 lakhs - PTLR + 1% Interest
  
  will be charged quarterly (simple basis during study and holiday period and thereafter compounded and EMI fixed). Penal interest at 2% will be charged for above Rs.2.00 lacs for the overdue amount and overdue period

The course period PLUS 1 year or 6 months or immediately after getting a job, whichever is earlier.

The loan is to be repaid in 5 – 7 years after commencement of repayment.

1. No collateral security for loans upto Rs.4.00 lakhs.

2. For loans exceeding Rs.4.00 lacs, collateral security of suitable value atleast equivalent to 100% of the loan amount.

The loan can be availed from the branch nearest to the place of domicile.