Purpose 
To meet the expenses connected with the pursuit of higher secondary education, specific courses of study at recognized institutions, including professional/job-oriented courses, which offer reasonable opportunity for employment & loan repayment capacity on successful completion.

Loan Details

Quantum

• For Higher Secondary Education: Maximum of Rs.25000/-
• For Studies in India : Maximum of Rs .7.50 Lacs
• For Studies Abroad : Maximum of Rs.15.00 lacs

Margin

• For loans up to Rs.4.0 lacs - No minimum stipulated
• For loans above Rs. 4 lacs
  - Studies in India : Minimum -5%
  - Studies abroad : Minimum -15%

Security

• For loans up to Rs.4.00 lacs : No security.
• For loans above Rs.4.00 lacs : Collateral security of value equal to 100% of the loan amount or personal guarantee of third person known to the Bank whose net worth is at least equal to 200% of the loan amount or a combination of both
  

• For loans up to Rs.4.00 lacs: At BPLR (PER: 14.75% p.a.)
• For loans above Rs.4.00 lacs: BPLR+1.00% (PER: 15.75% p.a.)

To be repaid within a maximum period of 84 months, with a holiday period of course period + 1 year or 6 months after employment whichever is earlier.