To provide financial support to meritorious students for pursuing higher education abroad.

Students Who Secure Admission In COURSES As Under

  • Graduation: For job oriented professional/technical courses offered by reputed universities.
  • Post graduation: MCA, MBA, MS, etc.
  • Courses conducted by CIMA- London, CPA in USA etc.
  • Courses as defined under various Government Subsidy Schemes
  • Degree/Diploma courses like aeronautical, pilot training, shipping etc. provided these are recognized by competent regulatory bodies in abroad for the purpose of employment in abroad.


  • 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*

Education loan to students for pursuing Diploma & Certificate courses other than aeronautical, pilot training, shipping etc from abroad, may be considered, where the loan is backed by liquid security valuing 125% of loan amount in the shape of FDRs/ NSCs/ surrender value of Life Insurance Policies along with establishing the financial credentials of family members (either joint borrower or guarantor) subject to the condition that the said course(s) is recognized/ accredited one.


  • Should be a resident Indian.
  • Should have secured admission to a higher education course in recognized institutions Abroad through Entrance Test/ Merit Based Selection process after completion of HSC(10 plus 2 or Equivalent).

Quantum Of Finance

  • Need based Finance subject to margin as per guidelines.
  • Reimbursement of fees paid within six months may be considered on individual merits of the case.


  • Up to Rs. 4 lac - NIL
  • Above Rs. 4 lac - 15%
  • Scholarship/ assistantship 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.


  • Upto Rs. 7.50 lacs: Parent(s)/guardian be made joint borrower (s). No tangible Security and /or 3rd party guarantee is required.
  • Above Rs.7.50 lacs: Parent(s)/guardian be joint borrower(s).Tangible collateral security of suitable value acceptable to bank.

Repayment (Maximum)

  • maximum upto 15 years

Repayment Holiday/ Moratorium

Course period + 1 year

Prepayment Charges


Rate Of Interest

Click Here

Processing Charges/ Upfront Fee

Click Here

Documentation Charges

Click Here

Above are only salient features of the scheme. For details please contact nearest branch

Click here for applying for education loan online