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Education Loan

Fulfil your child's academic dreams. Watch them transform into a global jetsetter

Key Features
Where every student's dream future takes shape.

A promising future begins with a dream to flourish and with a strong educational background. With SVC Bank’s Educational Loan, you can be rest assured that your child gets access to the best school / university, of their choice. With attractive rate of interest, personalised service and easy loan disbursal, your child’s bright future is only a step away. So, choose Education Loan today.

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Loan up to INR 150 Lakhs*

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Minimal processing fees

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Quick disbursal

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Personalized service

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Other Benefits

  • Purpose:
    To acquire educational degree / certificate in India or abroad
  • Loan Amount:
    Maximum finance available up to INR 75 Lakhs for Domestic
    Maximum finance available up to INR 150 Lakhs for International Courses
  • Margin:
    • In India (up to INR 10 Lakhs) - 10% of the cost of education
    • In India (Above INR 10 Lakhs) - 20% of the cost of education
    • Abroad (up to INR 20 Lakhs) - 10% of the cost of education
    • Abroad (Above INR 20 Lakhs) - 20% of the cost of education
  • Repayment:
    Maximum 180 months
  • Security:
    One Guarantor 
    OR 
    50% of the loan amount in the form of Surrender Value of LIC Policy and / or face value of NSC KVP as Collateral Security, in case the loan sought is up to INR 5 Lakhs. Real estate, equivalent to the loan amount, in case, the loan exceeds INR 5 Lakhs

*Terms & conditions apply

Eligibility

  • Individuals aged 18 years - 65 years
  • Student’s age must be between 18 years - 35 years

FAQ

Education loan can be availed to acquire educational degree / certificate in India or abroad

Education loan of maximum INR 1,50,00,000/- can be availed for Domestic and International courses

Margin on Education Loan is:

  • In India (up to INR 10 Lakhs) - 10% of the cost of education
  • In India (Above INR 10 Lakhs) - 20% of the cost of education
  • Abroad (up to INR 20 Lakhs) - 10% of the cost of education
  • Abroad (Above INR 20 Lakhs) - 20% of the cost of education

Repayment tenure for education loan is maximum 180 months 

There is minimal processing fees charged on Education Loans

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