Educational Loan

Education Loan in India - Karur Vysya Bank

KVB has made it possible for you to pursue your educational dreams. Our loan has been specifically structured to provide you with financial help if you wish to pursue education of your choice, either in India and abroad.

  • It is a term loan given for studies in India and abroad.
  • Students who are Indian nationals and have secured admission to professional/ technical courses in India through a common Entrance Test, or who have secured admission to a foreign University or Institution.
  • The Father or guardian of the student will be the guarantor in case of individual applicants.


Up to Rs.4.00 Lakhs – Nil
Above Rs.4.00 Lakhs:
Studies in India - 5%
Studies in abroad - 15%

Repayment Tenor

In 5-7 years after repayment holiday (course period and 1 year or 6 months after getting job whichever is earlier)

SCHEME ROI (floating) p.a.

Educational loan
Upto Rs.7.50 lakhs
For Boys For Girls
One-year  MCLR + 3.10% One-year MCLR + 2.60%
Educational Loans Above Rs.7.50 lakhs upto Rs.10.00 lacs* One-year  MCLR + 2.85% One-year MCLR + 2.35%
Education Loans above Rs.10.00 lacs (classified as Non Priority) One-year MCLR + 2.60% One-year MCLR + 2.10%

Primary security

(In case of loan is used for purchase of equipments/instruments, the same is to be hypothecated to us)

Collateral security

For loans up to Rs.4.00 Lakhs:
Parents to join as Co Applicants & No security.
For loans above Rs.4.00 Lakhs and up to Rs.7.50 Lakhs:
Parents to join as Co applicants together with collateral security in the form of suitable third party guarantee. The bank may, at its discretion, in exceptional case, waive third party guarantee if satisfied with the Net Worth / Means of parent/s who would be executing the documents as "Joint Borrower"
Above Rs.7.50 Lakhs: Parents to join as Co applicants together with tangible collateral security of suitable value, along with the assignment of future income of the student for payment of installments.
Students admitted under Management Quota are also eligible for Educational Loan. However other norms / guidelines with regard to eligibility criteria are to be complied as per State/Central government norms.


Father/Guardian in case of Individual applicant

Vidyalakshmi Portal Handling Charges

Rs.110/- + GST

Processing charges