• 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

• Course Eligible
• Master Degree under STEM (Science, Technical, Engineering and Management) courses.
• 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.