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.

Features and Benefits
  • 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 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.
Charges and Limits
Quantum of Loan ( as per IBA Model) i) For Studies in India : Maximum up to Rs. 10 Lakhs.
ii) For studies abroad : Maximum up to Rs. 20 Lakhs.
Margin
  • Up to Rs. 4 Lakhs: Nil
  • Above Rs. 4 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)
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
  • For loans up to Rs. 4 Lakhs:
    Parents to join as Co Applicants & No security.
  • For loans above Rs. 4 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 collateral security in the form of suitable third party guarantee. The bank may, at its discretion, in an 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".
Guarantee Father / Guardian in case of Individual applicant
Vidyalakshmi Portal Handling Charges Rs. 110/- + GST
Check more at Vidyalakshmi Portal.
Processing Charges Nil
Interest Rate
Nature of Facility Interest
Educational Loans Minimum 11.25% Maximum 12.95%

Note : External Bench Mark Repo linked Rate wef : 07.10.2019 is 7.95%.

To check Interest rate: Click here

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