Eligible Customers

Students should be Indian National. Secured admission in select Premier Educational Institutions in India, through Entrance Test /Selection process.

Courses covered

Regular full time Degree/Diploma courses (certificate / part-time courses not covered). Full time Executive Management courses like PGPX (For IIMs) are also covered.

Quantum of loan

  • Institutes under List “A” Rs.30.00 Lacs
  • Institutes under List “B” Rs.20.00 Lacs
  • Institutes under List “C” Rs. 10.00 Lacs
  • (Please refer to list attached below)
  • Institutes under Vidya Loan Scheme

Rate of Interest

Particulars Rate of interest
Premier Institutes as per list A, B and C 1 year MCLR

No concession for servicing of interest during study/ moratorium period. No other concession will be available.




  • No collateral Security
  • Parents/Guardians to join as Co- borrowers
  • Assignment of future income

Repayment period

Moratorium up to course period plus 1 year. Repayment period : 15 years from the date of commencement of repayment

Expenses covered

Fees payable to college / school / hostel / Examination / Library Fees. / Purchase of books / equipment / instruments. Purchase of computer / laptop Any other expenses related to education.

Coverage under Credit Guarantee Funds Scheme for Education Loans (CGFSEL)

All Educational Loans upto Rs.7.50 lacs conforming to the guidelines of “IBA Model Education Loan Scheme for pursuing studies in India and Abroad” are eligible for coverage under CGFSEL by National Credit Guarantee Trustee Company(NCGTC)

All other terms & conditions as per star education loan scheme.

Students may also apply online on Vidya Lakshmi Portal developed by NSDL e-Governance Infrastructure Ltd.

To apply on line on Vidya Lakshmi Portal click here


Institutes under Vidya Loan Scheme