Loans for Degree Program


Eligibility for Loan :

Indian National Minimum qualification, as required by the Institution getting admitted to Admission into Under-grad or higher course into Institute recognized by a statutory body in India through entrance test/ merit based selection process after completion of HSC (10+2 or equivalent)


Eligible Courses :

  • Approved Graduate/Post Graduate degree and Post Graduate diplomas conducted by recognized Colleges/Universities approved/accredited by Government of India/State Government / UGC / Government / AICTE / AIBMS / ICMR or Regulatory bodies
  • Approved Courses like I.C.W.A., C.A., C.F.A., etc
  • Courses conducte by IIMs,IITs,IISc,XLRI,NIFT,NID etc
  • Approved courses offered in India by reputed foreign universities
  • Computer Certificate courses of reputed institutes accredited to the Deptt.of Electronics
  • Regular Degree/diploma courses like Aeronautical,Pilot training,Shipping etc. approved by Director General Of civil Aviation/ shipping
  • Nursing Courses conducted by institutes approved by State/Central Govt./Regulatory body

Finance for :

Loan will cover Tuition/course fee, Examination /Library/Laboratory fee, Caution Deposit, Purchase of books,instrument etc and any other(depending on the merits).We also cover Life Insurance premium of the student,if insurance provided by Lender.


Loan Amount :

As per requirement


Security :

Parents/Spouse/Guardianas Co-Borrowers, Assignment of Life Insurance Policy of the Borrower,Property or Other Financial Asset to be taken as security (or exempted depending on merit)


Moratorium Period :

Principal Repayment Moratorium upto3 months beyond course period


Repayment Period :

Principal Repayment period of Maximum 5 years after Moratorium i.e. Total Loan Duration will be : Moratorium Period + Principal Repayment Period However, Total Loan Duration cannot exceed 7 years to 10 years. Duration cannot be over 3 years for courses less than 6 months or loans less than 50,000/-.


Apply Online

You can now apply for the loan completely online. Click here.

Check your Loan Eligibility