A student, an Indian National in the age group of upto 30 years with first class academic career for the purpose of pursuing higher technical/professional courses in India and abroad can be granted a Term Loan facility on very lucerative and easy terms. Education Loan is allowed for the following purposes as well.

  • Admission Fee

  • Books and Stationery

  • Instruments required for the course undertaken by the borrowing scholar.

  • Monthly Fee

  • Examination Fee

  • Insurane Premium for a policy on the life of borrowing student for an amount of not less than 100% of the amount of loan.

  • Boarding and lodging expenses.

  • Air fares for joining the course abroad.

  • Purchase of computer essential for completion of course.


  • The applicant shoule be an Indian National in the age group of 30 years. However, in case of short term computer diploma courses undertaken as part time, the upper ceiling on age is not applicable.

  • Any student who has secured admission in any institute of repute and whose degree / diploma is recognised by University / Institute affiliated to any Centre / State statutory body or recognised by AICTE (All India Council of Technical Education) would be eligible for finance under the scheme.


For studies in India, a maximum loan amount of Rs. 7.50 lakh and for studies abroad, a maximum loan amount of Rs. 15.00 lakh is permissible.

For short term diploma courses in computer and related E-business courses, the ceiling of loan amount is Rs. 50,000/-. Margin, to be provided by the borrower, is NIL up to loan amount of Rs. 4.00 lakh and 5% (For inland counses) and 15% (For courses at Abroad) for loans above Rs. 4.00 lakh.

The loan amount is repayable in 84 equal monthly instalments commencing from 12 months after completion the course or 6 months after getting job, whichever is earlier.

For Rate of Interest applicable for this product. 1% concession in interest rate may be provided for moratorium period if the loanee services the interest during period of study / moratorium.

Comments (2)

Pavan roy
Said this on 1-4-2008 At 07:05 pm
i am very much interested in financial /banking sector .i have 6th month experience in hdfc bank pvt.ltd.
manoj kumar
Said this on 3-6-2008 At 10:06 am
Very fine article...
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