The bank offers financial assistance by way of loans to the meritorious students in order to encourage them to start the full time Graduate/Post Graduate professional course in private professional colleges and universities for developing the technical skills in various disciplines viz. medical, engineering, management, computer science etc.
The bank also offers home loan, personal loan, agricultural loan etc.
Purpose – Further Education (for books, necessary equipments, stationery, fees, hostels fees, college fees, etc.)
Eligibility – Students should have consistently good academic record, students should have secured admission in College/University against merit or payment seat, the college must be affiliated to the university or Institute having central/state government recognition, The course must be recognized by the concerned government body, Computer course with placement assurance by the company/institute/agency.
Quantum of Loan – Cost of education will cover following expenses for the whole duration of course including tuition Fees, examination Fees, cost of books, stationery, necessary equipments, hostel fees – including lodging & boarding etc
Margins – 10 % to 20% depending on merit of the case
| Period | Interest Rates (in %) |
| Education loan | 10.5 |
Repayment – Repayment of loan will commence after 6 months of completion of the course. Or after 6 months of employment whichever is earlier. However, the feasibility of repayment of the loan by father/natural guardian during the period of loan should be explored. Monthly interest must be paid by parent/guardian positively.
Security – Property or liquids security