About the Bank

 
 

South Indian Bank Limited (SIB) (BSE: 532218, NSE: SOUTHBANK) is a private sector bank headquartered at Thrissur City in Kerala, India. South Indian Bank has 831 branches, 4 service branches,33 ext.counters and 20 regional offices spread across more than 26 states and 3 union territories in India. It has set up 1269 ATMs and 4 Bulk Note Acceptor/Cash Deposit Machines all over India.

 
 

Purpose

 
 

1.Fee payable to college/school/ hostel.| 2.Examination/ Library/ Laboratory fee.| 3.Purchase of books/equipments/ instruments/ uniforms.|* 4.Caution deposit, Building fund/refundable deposit supported by Institution bills/receipts, subject to the condition that the amount does not exceed 10% of the total tuition fees for the entire course.| 5.Travel expenses/ passage money for studies abroad.| 6.Purchase of computers -essential for completion of the course.*| 7.Insurance premium for student borrower, if applicable| 8.Any other expense required to complete the course - like study tours, project work, thesis, etc. * | ( * maximum expenses under these three heads put together, should not exceed 20 % of total tuition fees payable for completion of the course)

Rate of Interest

 
 
  • 1.a) REVISED VITJNAN PRADHAN SCHEME (Upto & including Rs.4 Lacs For Boys) # BR + 5.80 %
  • 2. b) Above Rs.4.00 Lacs BR + 6.30 %
  • 3. a)REVISED VITJNAN PRADHAN SCHEME - (Upto & including Rs.4 Lacs For Girls)# BR + 5.30 %
  • 4. b)Above Rs.4.00 Lacs BR + 5.80 %
 
 

Features

 
 

No bank features found.

 

Eligibility for Educational Loan

 
 

No eligibility details found.

 
 

FAQ Loan