Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Purpose and study locationEligible higher education in India or abroad after admission; overseas borrowing under this scheme is capped at ₹7.50 lakh
Source 1Current floating interest rate9.90% p.a. without collateral up to ₹7.50 lakh; 9.40% p.a. with collateral above ₹7.50 lakh; 0.50 percentage-point concession for girl studentsEffective 9 Jun 2026
Source 2Published maximum financeFor study in India, standard limits vary by course and NIRF status from ₹30 lakh to ₹75 lakh, with case-by-case limits up to ₹1 crore; study abroad up to ₹7.50 lakh
Source 3SecurityUp to ₹7.50 lakh: parent or guardian co-borrower with no collateral or third-party guarantee; above ₹7.50 lakh: co-borrower plus tangible collateral
Source 4Maximum repayment period180 months after course period plus a 12-month repayment holiday
Source 5Borrower marginNil up to ₹4 lakh; above ₹4 lakh, 5% for study in India and 15% for study abroad
Source 6Processing feeNil up to ₹10 lakh; ₹5,000 plus GST above ₹10 lakh through ₹20 lakh; 0.50% above ₹20 lakh, capped at ₹25,000 plus GST
Source 7Benefits and features
- Study in India or abroad
- Collateral-free route up to ₹7.50 lakh
- Domestic finance up to ₹1 crore in published cases
- 15-year repayment
- Girl-student rate concession
Eligibility
- The applicant must be an Indian national with secured admission to an eligible course.
- Higher overseas finance belongs under Global Ed-Vantage.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Application and KYC
- Academic and admission records
- Course-expense schedule
- Co-borrower income evidence and bank statements
- Collateral and insurance documents where applicable