Purpose

You can take a loan for pursuing studies in recognised schools/ colleges/ institutions to meet:

• Fee payable to college/ school/ hostel/ Examination/ Library/ Laboratory fee.

• Purchase of books/ equipments/ instruments/ uniforms.

• Caution deposit/ building fund/ refundable deposit supported by Institution bills.

• 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.

Eligibility

• Should be an Indian national.

• Should have secured admission to professional/ technical courses through entrance test/ selection process.

• Secured admission to foreign university/ institution. No minimum qualifying marks.

Loan Amount

Need based finance subject to the repaying capacity of the parents/ students with margin and the following ceilings.

• Studies in India - Maximum Rs.7.50 lacs

• Studies Abroad - Maximum Rs.15 lacs

Margin

Scholarship / assistantship to be included in margin. Margin may be brought-in on year-to-year basis as and when disbursements are made on a pro-rata basis.

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