To attract the students who get admission in Premier Institutes of the country into Bank’s fold. Students who secure admission in such Premier Institutes, which include (i) Business Schools, (ii) Engineering Colleges, (iii) Medical Colleges and other reputed Institutes, are eligible to avail loan under the Scheme. (List of Institutions

as per Annexure - A & B


  • Fee payable to college/ school/ hostel.
  • Examination/ Library/ Laboratory fee.
  • Life Insurance premium for student borrower, if applicable.
  • Caution deposit, Building fund/refundable deposit supported by Institution bills/receipts.
  • Purchase of books/ equipments/ instruments/ uniforms.
  • Purchase of computer, at reasonable cost, if required for completion of the course.
  • Any other expense required to complete the course - like study tours, project work, thesis, etc.
  • Personal living expense & two wheeler cost*


  • Should be a resident India.
  • Secured admission in Regular full time Degree /Diploma courses/PG Degree/Diploma Courses of Premium Institutes covered as per Annexure A and for flagship courses of institutions as per Annexure B
  • For Part-time Post Graduate Programmes in Management for Executives offered by Indian Institute of Managements (IIM) at all centres.
  • For Indian School of Business (ISB) Hyderabad & Mohali campus, part time Certificate Course for Post Graduate Programme in Management for Senior Executives (PGPMAX).
  • For e-Post Graduate Programme in Management for executives ,entrepreneurs and professionals under Distance Learning mode offered by Indian Institute of Management (IIM).
  • For Three-year part-time weekend Post Graduate Diploma Programme in Business management for Working Executives and Business Owners conducted by Xavier School of Management (XLRI).
  • Post Graduate Diploma in Management (B & FS) offered by “National Institute of Bank Management “(NIBM) Pune

Quantum Of Finance

  • Need based Finance subject to repaying capacity of the parents/ students (after getting employment) be considered (taking in the account the prescribed Margin) for studies in India with the applicable ceiling for collateral free loan amount.
  • Reimbursement of fees paid within six months may be considered on individual merits of the case.


i. as per Annexure - A & B

ii. Scholarship/Assistantship be included in margin :

iii. Margin may be brought-in on year-to-year basis as and when disbursements are made on a pro-rata basis :


Co-obligation of parents/guardian as joint co-borrowers.

Repayment (Maximum)

maximum upto 15 years

Repayment Holiday/ Moratorium

Course period + 1 year

Prepayment Charges


Rate Of Interest

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Processing Charges/ Upfront Fee

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Documentation Charges

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