Purpose

For higher studies in India and Abroad

Repayment Tenure

Maximum 15 years including moratorium period

Borrower

Student along with parent

Rate of interest

Collateral security upto 200% -  9.75% *

Collateral security above 200% -  9.25% *

Surety

 Minimum one guarantor with sufficient net worth.

Security

Mortgage of unencumbered immovable property belonging to the applicant situated within the jurisdiction of the Bank. In case of direct finance, it should be situated within the territorial jurisdiction of the Branch from where the loan is availed.

Margin

Min of 15%

Other Terms

 Membership is necessary for the borrower and sureties to avail this loan.

* Floating rate of interest

 Minimum CIBIL Score 600