Educational Loans
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 the education of your choice, either in India and abroad.
EDUCATION LOAN SUBSIDY SCHEMES Click here
- It is a term loan given for studies in India and abroad.
- Students who are Indian and have secured admission to professional / technical courses in India & abroad.
- The parents or guardian of the student will be the Co-applicant/guarantor in case of individual applicants.
Quantum of Loan ( as per IBA Model) | i) For Studies in India : Maximum up to Rs. Rs.100 Lakhs. ii) For studies abroad : Maximum up to Rs.150 Lakhs. | ||||||||||||
Margin |
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Repayment Tenor | In 15 years after repayment holiday (course period and 1 year or 6 months after getting job whichever is earlier). | ||||||||||||
Primary Security | DPN (In case of loan is used for the purchase of equipments / instruments, the same is to be hypothecated to us). | ||||||||||||
Collateral Security |
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Guarantee | Father / Guardian in case of Individual applicant | ||||||||||||
Vidyalakshmi Portal Handling Charges | Rs. 110/- + GST Check more at Vidyalakshmi Portal. | ||||||||||||
Processing Charges | For loans above Rs.7.50 Lakhs Rs.5000/- + GST & for 783 product Rs.10000/-+ GST |
To check all Interest rate: Click here
Our bank has empanelled M/s WeMakeScholars EduTech Pvt Ltd as a Corporate Business Correspondent for sourcing of education loans for abroad studies at selected centres.
We Make Scholars website URL: https://www.wemakescholars.com/services
Brief of the product is as below:
Education Loan Studies Abroad | |
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No. of Applicants | 2 |
Age of the Student Applicant | Min :16 Yrs Max: 45 Yrs |
Age of Co-Applicant/ Guarantor | Salaired : 70 Yrs |
Purpose | Term loan for Resident Indian/ NRI to pursue higher education in abroad. |
ROI | 9.99% |
Repayment Tenor | Maximum of 15 Yrs (Incl of holiday/ Moratorium period). |
Holiday/ Moratorium Period | Course Period + 1 Year. |
Margin | Top 200 Elite Universities : 3 % |
Primary Security | DPN. |
Collateral Security | The security can be in the form of land/ building/ KVB Term deposit in the name of student / parent / guardian, LIC policy. |
Processing Charges | Rs. 10000/- |
Insurance Coverage | Life insurance policy / credit life insurance policy/ Personal Accident Insurance scheme on the students availing Education Loan is Mandatory. |
For further details, please contact our nearest branch. |