ELIGIBLE COURSES

Studies in India

a. Graduation courses, BA, B.Com, B.Sc, BBA, BCA, BBM.

b. Post Graduation Courses, Masters and Ph D.

c. Professional courses like Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.

d Other courses leading to diploma, degree conducted by Colleges / Universities approved by UGC / Govt / AICTE / AIBMS / ICMR.

e. Courses offered by National Institutes and other reputed private institutions.

f. Courses offered in India by reputed foreign universities.

g. Computer Certificate courses of reputed institutes accredited by Department of electronics or institutes affiliated to Universities.

h ICWA, CA, CFA 

i. Courses conducted by IIM, IIT, IISC, XLRI, NIFT etc.

j. Regular Degree / Diploma courses like Aeronautical, Shipping etc approved by Director general of Civil Aviation / shipping if pursued in India. It also to be recognised by local aviation, Shipping authority ( Pilot Training Course not included).

k. Evening courses of approved institutions.

l. Vocational Training and Skill development study courses. Distant / Offsite Education Programme not eligible for loan.

ELIGIBILITY

The student should be an Indian National (NRIs not eligible)

i) have secured admission to professionaltechnical courses through entrance test merit based selection process conducted by a Govt Agency / University

ii) have secured admission to foreign university institution.

Those who have not qualified through Entrance Test / Merit based selection procedure should have secured 50 % marks for general and 45% marks for SC / ST Candidates in the qualifying subjects, in the qualifying examination to be eligible for loan

BORROWER : Student and parent/guardian/spouse/parent-in-law  jointly.

Studies abroad

Graduation: For job oriented professionaltechnical courses offered by reputed universities.

Post graduation: MCA, MBA, MS etc.

Courses conducted by CIMA – London, CPA in USA.

For studies in India Rs. 10 lacs

For studies abroad Rs. 20 lacs

MARGIN

Upto Rs. 4 lacs - Nil

Above Rs.4 lacs -  i) Studies in India - 5%

Loans upto Rs.4 lacs : Co-obligation of parent/guardian/spouse/parent-in-law as the case may be. No security

Above Rs.4 lacs and upto Rs.7.5 lacsCo-obligation of parent/guardian/spouse/parent-in-law as the case may be

For loans above Rs7.5 lacs Co-obligation of parent/guardian/spouse/parent-in-law a

Security can be in the form of landbuilding Govt. securitiespublic sector bondsunits of UTI, KVP, LIC Policy, gold, sharesdebentures, bank deposit in the name of studentparentguardian or any other third party with suitable margin.