To provide financial support to deserving meritorious students for pursuing higher education in India.

•  Should be an Indian National
•  Should have secured admission to a higher education course in recognized Institutions in India or Abroad through Entrance Test/ Merit Based Selection process after completion of HSC (10 plus 2 or equivalent).
•  In cases, where there is no Entrance Test/ Merit based selection procedure, securing admission to a higher education course in a recognized institute may be considered.
•  Students, who have appeared in any Entrance Test, secured passing marks but could not get admission due to lower ranking and who opt to pursue the course under Management Quota in the same Institution or another Institution for reasons of convenience (proximity) or choice of course, will be eligible.
•  No minimum qualifying marks stipulated in the last qualifying examination.

Courses Eligible

• Courses leading to Graduate/Post-Graduate Diploma and Degree conducted by colleges/universities recognized by UGC/Govt./AICTE/ AIBMS/ICMR.
• Courses like ICWA, CA, CFA, etc. 
• Courses conducted by IIM, IIT, IISc, XLRI, NIFT, NID, etc., Courses offered in India by approved reputed foreign universities.
• Regular Degree/Diploma Courses like Aeronautical, shipping etc., Degree/Diploma in Nursing or any discipline approved by Director General of Civil Aviation/Shipping/Indian Nursing Council respectively or any other regulatory Body as the case may be, if the course is pursued in India.
• Teacher Training Course/Nursing Courses/B.Ed., will be eligible for Student Loan provided the training Institutions are approved either by the Central Government or by State Government and such courses should lead to Degree or Diploma Course and not to Certification Course. 

9.50% p.a subject to revise from time to time.

Simple interest to be charged during the study period and up to commencement of repayment. Accrued interest will be added to the principal amount borrowed while fixing EMI for repayment. However, to reduce the interest burden, interest may be collected during the moratorium period

*Repayment Period : Up to maximum 15 years

Studies of MBBS/MD/MS/DM (Medical) in India – ₹60.00 Lakhs.

For all other studies in India- Maximum up to ₹20.00 Lakhs.

Up to Rs.4.00 lakhs NIL Above Rs.4.00 lakhs 5% Scholarship/assistantship to be included in margin.
Margin is to be brought in on year to year basis as and when disbursements are made on a pro-rata basis.

Expenses covered under the loan

•  Fee payable to college/school/hostel: boarding and lodging arrangements.
•  Examination/Library/Laboratory fee.
•  Purchase of books/equipment/instruments/uniforms/ computer at reasonable cost"

1) Marks sheet of last qualifying examination for studies in India. 

2) Copies of letter conferring scholarship/freeship /studentship, etc., 

3) Documents evidencing the duration of course and commencement thereof viz., prospectus or certificate from the Competent Authority of the Institution. 

4) Proof of admission to the course. 

5) Schedule of expenses for the course. 

6) Three copies of passport size photograph of the borrower(s)/guarantor(s). 

7) Copies of foreign exchange permit (if applicable). 

8) Signature identification from bankers of borrower(s)/guarantor(s). 

9) A copy of pass port/voters ID card / proof of residence. 

10) Income tax assessment order for the last two years 

11) ADHAAR CARD Copy 

12) CIBIL SCORE 

13) PAN CARD – Applicant & co-applicant  

For salaried persons

i) Latest salary slip showing all deductions 

ii) Employment details for the last 5 years 

iii) Latest TDS Certificate - Form-16 

For self employed/professionals and businessmen and agriculturists 

i) Proof of income 

ii) Income tax/wealth tax( if applicable) assessment orders for the last two years 

iii) Statement of assets and liabilities 

For Agriculturists : 

i) Proof of income (If necessary) 

direct link to service charges

For Loans above Rs.4.00 lakhs and up to Rs.7.50 lakhs :
    The parent(s) / Guardian(in case appointed by the court) executing the documents should join as joint borrower(s).Collateral security either by way of tangible security or third party guarantee of adequate worth.
For Loans above Rs.7.50 lakhs :
    The parent(s) / Guardian (in case appointed by the court) executing the documents should join as joint borrower(s). Tangible collateral security by way of mortgage of SARFAESI complaint immovable property with suitable value acceptable to bank, along with the assignment of future income of the student for payment of instalments