- Loan to pursue higher studies.
- NIL Processing Charges.
- High Quantum of Loan.
- No Collateral Security.
- Lower Rate of Interest.
- Reducing Balance Interest Rate.
- No Prepayment penalty
To provide hassle free education loan to meritorious students who are pursuing their higher studies in select institutions viz., Selected IIMs/IITs/NITs/IISc /ISB (Hyderabad & Mohali) and other reputed institutes.
Category | Institutions | Maximum Eligible Limit |
---|---|---|
A | Students of ISB, Hyderabad & Mohali | Limit upto Rs 50.00 lacs |
B | Students of IIMS (19 nos), IITs (23 nos), Symbiosis Groups(5 nos), BITS(4 nos), IIFT(2 nos), IMI(1 nos), IRMA(1 nos), ISM(1 nos), IMT(1 nos), KJSIMSR(1 nos), MDI(1 nos), SPJINMR(1 nos), NMIMS(1 nos), RGIIM(1 nos), XIM(1 nos), XLRI (1 nos) | Limit upto Rs 40.00 lacs |
C | All other institutions other than A and B(109 nos) | Limit upto Rs 30.00 lacs |
NIL
(Scholarship/assistantship if any to be included in margin.)
NIL
All Education loans under Vidya Turant can be covered under CSIS scheme (Central Scheme of Interest Subsidy on Education Loans), subject to eligibility, as per income & other norms
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.