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 %

Loan Amount

  Minimum Maximum

Collateral Security Detail


Collateral Security : yes

  • 1.Upto Rs 4 lacs - Parents to be joint borrowers. No security required .
  • 2.Above Rs.4 lacs and upto Rs.7.50 Lacs - Parents to be joint borrowers together with collateral security the form of suitable third party guarantee
  • 3.Above Rs.7.50 Lacs : Parents to be joint borrowers together with collateral security. In addition, assignment of future income of the student for payment of instalments may be insisted.

Courses Covered:


No course detail is listed.

Other Details:


Processing Fee :   Nil

Repayment Period :   Repayment period will start from 1 year after qualifying exam or six months after obtaining employment, whichever is earlier. For overseas studies, the holiday is restricted to 6 months fixed after the qualifying examination. Repayment of the loan should be in Equated Monthly Instalments as : For loan upto and including Rs.7.50 Lacs : Upto 10 years. For loans above Rs.7.50 Lacs : Upto 15 years

Expenses covered :  

Margin :

1.Up to Rs. 4 Lacs : NIL
2.Above Rs.4Lacs :Studies in India : 5%
3.Overseas studies : 15%