For Studies in India - Scheme Highlights
Purpose: To meet the cost of education covering tuition fees, Exam fees, Development fees, Hostel fees, books, instruments etc.

Approved courses: Computer Courses:Part-time/Full-time in Institutes approved by Government of India (Department of Electronics)
Duration of the course: Minimum - 12 monthsMaximum - 48 months

Amount of loan: For Computer Courses: Maximum : Rs.1.00 lac
For other professional courses:Maximum : Rs.3.50 lacs

Margin: Upto Rs.2.00 lacs : 10%Upto Rs.3.50 lacs : 15%

Rate of Interest: Upto Rs.2.00 lacs : 12%Above Rs.2.00 lacs upto Rs.3.50 lacs : PLR +1% (i.e. 13.5%)

Period of loan: Initial holiday period of 6 months after the completion of the course or immediately on getting a job whichever is earlier
For limits upto Rs.1.00 lac : 42 monthsFor limits upto Rs.3.40 lacs : 60 months

For Studies Abroad - Scheme Highlights

Course of Study: Any Graduate/Post-graduate courses with good employment prospects. The period of study should not exceed 5 years

Amount of Loan: Maximum - Rs.10.00 lacs

Margin: Upto Rs.5.00 lacs : 15%Above Rs.5.00 lacs : 25%

Rate of Interest: PLR + 1.5% (i.e. 14%)

Period of loan: Interest to be serviced every quarter. Repayment of principal to commence 6 months after the completion of the course or immediately on getting a job whichever is earlier.For limits upto Rs.10.00 lacs - Maximum 96 months