Your Academic Ambition, Our Financial Support
Comprehensive education financing to bridge the gap between your dreams and a global degree.
Vidyavahini Loan is specifically designed to provide meritorious students with the financial resources needed to pursue higher education in India or abroad. Covering a wide range of academic expenses from tuition fees and hostel charges to travel and equipment this loan ensures that financial constraints never stand in the way of academic excellence. With flexible repayment structures and a dedicated focus on the studentās future career, we empower the next generation to reach their full potential.
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- Purpose: To meet the cost of higher education/Professional qualification from recognised universities/institutions.
- Loan Amount:Rs.75.00 Lakh is the maximum amount and based on the total cost of the course and the repayment capacity of the parents/guardians.(For studies in India & Abroad)
- Margin Requirement: The margin for Vidyavahini loans is
Nil upto the Loan Amount of Rs.4,00,000/-
5% above Loan Amount of Rs.4,00,000/- and upto Rs.7,50,000/- for Studies in India AND 15% for Ā Studies Abroad.
15% above Loan Amount of Rs.7,50,000/- in case of Studies in India
20% above the Loan Amount of Rs.7,50,000/- in case of Studies Abroad.
Note : The Applicant shall infuse the Margin on year to year basis as and when disbursements are made on pro-rata basis.
Ā Ā ā¢ Repayment Period: 180 Months Maximum (Inclusive of Gestation Period i.e. Duration of the Course + 1 Year).
Ā Ā ā¢ Security: Mortgage of Immoveable Property.
- Student Status: Any Student (if major) ā along with parents / Guardian ā As Joint Applicants.
- Institutions: Recognized Universities/Colleges in India or reputed Overseas Universities.
- Co-Borrower: Parent, or Guardian must be a co-applicant with a steady source of income.
- Academic Records: Marksheets of 10th, 12th, and Graduation (if applicable).
- Admission Proof: Admission letter from the institution and the detailed Fee Structure.
- Income Proof (Co-Borrower): Last 3 years' ITR, Salary Slips, and 6 months' Bank Statements.
- KYC: PAN and Officially Valid ID Proof & Address Proof of both the student and the co-borrower.
- Passport: Mandatory for students traveling abroad.
- What is a "Gestation Period"?
It is a "holiday" from principal repayment while the student is studying. In that Scheme, you only pay the interest during the course plus 6ā12 months after. - Can I get a loan for a laptop?
Yes, the cost of a laptop and other essential equipment required for the course can be included in the loan amount. - Is there a penalty for early repayment?
No, there are Nil prepayment charges for education loans, allowing you to close the loan faster as soon as the student starts earning.
Service Charges, Margin & Rate of Interest :
- As Applicable from time to time
- Purpose: To meet the cost of higher education/Professional qualification from recognised universities/institutions.
- Loan Amount:Rs.75.00 Lakh is the maximum amount and based on the total cost of the course and the repayment capacity of the parents/guardians.(For studies in India & Abroad)
- Margin Requirement: The margin for Vidyavahini loans is
Nil upto the Loan Amount of Rs.4,00,000/-
5% above Loan Amount of Rs.4,00,000/- and upto Rs.7,50,000/- for Studies in India AND 15% for Ā Studies Abroad.
15% above Loan Amount of Rs.7,50,000/- in case of Studies in India
20% above the Loan Amount of Rs.7,50,000/- in case of Studies Abroad.
Note : The Applicant shall infuse the Margin on year to year basis as and when disbursements are made on pro-rata basis.
Ā Ā ā¢ Repayment Period: 180 Months Maximum (Inclusive of Gestation Period i.e. Duration of the Course + 1 Year).
Ā Ā ā¢ Security: Mortgage of Immoveable Property.
- Student Status: Any Student (if major) ā along with parents / Guardian ā As Joint Applicants.
- Institutions: Recognized Universities/Colleges in India or reputed Overseas Universities.
- Co-Borrower: Parent, or Guardian must be a co-applicant with a steady source of income.
- Academic Records: Marksheets of 10th, 12th, and Graduation (if applicable).
- Admission Proof: Admission letter from the institution and the detailed Fee Structure.
- Income Proof (Co-Borrower): Last 3 years' ITR, Salary Slips, and 6 months' Bank Statements.
- KYC: PAN and Officially Valid ID Proof & Address Proof of both the student and the co-borrower.
- Passport: Mandatory for students traveling abroad.
- What is a "Gestation Period"?
It is a "holiday" from principal repayment while the student is studying. In that Scheme, you only pay the interest during the course plus 6ā12 months after. - Can I get a loan for a laptop?
Yes, the cost of a laptop and other essential equipment required for the course can be included in the loan amount. - Is there a penalty for early repayment?
No, there are Nil prepayment charges for education loans, allowing you to close the loan faster as soon as the student starts earning.
Service Charges, Margin & Rate of Interest :
- As Applicable from time to time