Eligibility
The applicant must have a good academic record and aged above 18 years.


Important Documents
Marks sheets of the examinations as required by the bank authorities, Proof of residence, copies of photographs, proof of parent's/guardian's income, collateral paper along with the admission approval.


Processing period
Within a period of seven days.

Maximum amount
    75% of the total structured fee (for studies in India)

    75% of the total structured fee (for studies abroad)


Rate of Interest
If the studies are to be pursued in India, for an amount upto Rs. 2,00,000: 14% p.a. If the amount exceeds Rs. 2,00,000: 15% p.a. Third party guarantee needed. For loans to be taken for studies abroad, interest rates are same as those mentioned above.


Tenure
5 years.


Repayment
After 5 years.

Important
Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.

Head Office
PB No.ll, Kozhikode 673 001 (Kerala)