Education & Skill Development Loan
Eligibility
- Confirmed admission in recognized coaching institute / higher education / skill development program under collaboration with respective institutions
- Earning members considered for repayment capacity (if student is under the age of 18, parent will be primary borrower)
- Satisfactory credit history
Features
- Loan Amount: Up to ₹40 Lakhs (depending on category & program type)
- Tenure: Up to 10 Years (category-based repayment structure)
- Interest Rate: 12% – 24% per annum
- Security: Unsecured facility under institutional collaboration
- Flexible repayment options
- Quick processing & transparent evaluation
Required Documents
- KYC documents (Aadhaar and PAN) of applicant & co-applicant
- Admission letter / Fee structure from institution
- Income proof of earning family members
- Latest 6 months bank statements
- Any additional documents as required, on case-to-case basis
