Education Loan

Education loan scheme aims at providing financial support/ loan from their nearest bank (hometown) to deserving/ meritorious students for pursuing higher studies in India by the bank. Students are advised to visit following bank websites.

 

S. No. Name of Bank Website Link
1 Andhra Bank https://www.andhrabank.in/English/EduLoans.aspx
2 Axis Bank http://www.axisbank.com/personal/loans/education-loan/education-loan-features.aspx
3 Bank of Baroda https://www.bankofbaroda.co.in/education-loan.htm
4 Bank of India http://www.bankofindia.co.in/english/EducationLoan.aspx
5 Bank of Maharashtra http://www.bankofmaharashtra.in/credit_fac_edu.asp
6 Central Bank of India https://www.centralbankofindia.co.in/English/cent_vidyarthi.aspx
7 Corporation Bank http://www.corpbank.com/node/58910
8 Dena Bank http://www.denabank.com/viewsection.jsp?id=0,4,26,68
9 Federal Bank http://www.federalbank.co.in/special-vidya-loan
10 HDFC Bank http://www.hdfcbank.com/personal/products/loans/educational-loan/education-loan-for-indian-education
11 IDBI Bank http://www.idbi.com/education-loan.asp
12 Indian Bank http://www.indian-bank.com/education.php
13 Indian Overseas Bank https://www.iob.in/Educational-loans-vidya-jyoti
14 Jammu & Kashmir Bank https://www.jkbank.com/loans/personal/customerEducationalLoans.php
15 Karnataka Bank https://karnatakabank.com/personal/loans/education-loans
16 Karur Vysya Bank http://www.kvb.co.in/personal/educational_loan.html
17 Kotak Mahindra Bank http://www.kotak.com/personal-banking/loans/education-loan.html
18 Oriental Bank of Commerce https://www.obcindia.co.in/content/education-loan-misc
19 Punjab and Sind Bank https://www.psbindia.com/content/education
20 Punjab National Bank https://www.pnbindia.in/education.html
21 Syndicate Bank https://www.vidyalakshmi.co.in/Students/
22 UCO Bank https://www.ucobank.com/english/Personal-Loans-Advances.aspx
23 Union Bank of India https://www.unionbankofindia.co.in/english/personal_retail_education.aspx
24 United Bank of India http://www.unitedbankofindia.com/english/EducationLoan.aspx
25 Vijaya Bank https://www.vijayabank.com/Retail-Lending-Schemes/VidyaLakshmi-Portal
National Securities Depository Limited (NSDSL) e-Governance Infrastructure Ltd., has developed Vidya Lakshmi Portal. This portal has facilities of education loan, scholarship and other student-friendly facilities through link https://www.vidyalakshmi.co.in/Students/

Following documents are required for education loan:

  1. Passport size photographs, Mark sheets of qualifying examination(s) and scorecard of Entrance Test.
  2. Admission proof/ seat allotment letter.
  3. Fee structure of specified course and prospectus of the Institute.
  4. PAN card, address proof, Identity proof of the student and Parents/ Guardian.
  5. Borrower’s bank account statement of last six months.
  6. Income Proof (Income Tax Return/ Salary slip/ Form 16 of last 3 years, if applicable).
  7. Other documents (s) as desired by the bank.

For more details, please visit the branch of the bank, located nearest to home.