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  • Loan to pursue Master’s Degree in Abroad
  • Minimum Processing Charges
  • High Quantum of Loan
  • Lower Rate of Interest
  • Reducing Balance Interest Rate
  • No Prepayment penalty
  • Quick processing and disbursement
  • Purpose
    • Educational loan scheme for abroad studies from select top ranking Universities.

  • Loan Quantum
    • Minimum loan amount is above Rs 7.50 lakhs.
    • Maximum quantum depends on the collateral coverage as follows :
      Collateral Coverage Eligible loan quantum
      100% and above Minimum Rs7.50 lakh, Maximum no cap (as per project cost)
      Less than 100% Maximum Rs 100 lakh
  • Margin
    • 10% of Loan amount.


      (Margin may be brought in year on year basis as and when disbursements are made on a pro rata basis)

  • Processing charges

  • Collateral Security Coverage Applicable processing charges
    100% and above 0.50% of sanctioned limit with Maximum of Rs.10,000
    Less than 100% 0.50% of sanctioned limit with Maximum of Rs.20,000
  • Security
    • Assignment of future income of the student.
    • Parent/guardian has to join as Co-borrower.
    • Collateral security from Max 100% to Min 50%* *-Terms &Conditions apply
  • Repayment Tenure
    • Repayment of the loan will be in equated monthly Installments up to a maximum of 15 years excluding the moratorium period ( i.e., course period plus one year).
    • For skill development loan, 3 to 7 years depending upon the loan quantum.
  • Expenses Considered
    • 100% finance on Tuition fees
    • Travel expenses/passage money for studies abroad
    • Living expenses for studies abroad
    • Medical Insurance premium for student borrower, if applicable
    •  Student of Indian National holding valid passport
    •  Student should have secured admission from the select institution
    •  Student with *minimum score in SAT,ACT,GMAT & GRE.

    *The minimum competitive exam scores are stipulated as below,


    SAT – 1250 & above


    ACT – 26 & above


    GRE – 300 & above


    GMAT – 650 & above


    • Stipulated Loan Application with 2 passport size photos of applicant / Co-applicants or guarantor
    • KYC documents of applicant/ Co-applicants or guarantor
    •    Proof of Identity

          PAN CARD/Driver’s License/Voter ID /Passport/ Aadhar Card etc.,

         Proof of Residence

          Driver’s License/Voter Id/Passport / Aadhar Card / Electricity Bill/Telephone Bill etc., /Business Proof related GST and others.

    • Age proof of the applicant/ Co-applicants.
    • PAN card (photo copy)
    • Proof of admission to the course
    • Schedule of expenses for the course
    • Mark sheet of last qualifying examination
    • Proof of income/assets (if any)
    • Income Proof for Co-applicant/guarantor (if any)
    • Any other documents as required by Bank.
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