Karur Vysya Bank (KVB) has made it possible for you to pursue your educational dreams. The Karur Vysya Bank education loan has been specifically structured to provide you with financial help if you wish to pursue further education of your choice, either in India and abroad. You can avail of Karur Vysya Bank education loans for graduate and post-graduate courses at the university you prefer.
Karur Vysya Bank Education Loan Features:
- It is a term loan given for studies in India and abroad.
- This loan is eligible for Indian nationals who have secured admission to professional/ technical courses in India through a common Entrance Test, or who have secured admission to a foreign University or Institution.
- The Father or guardian of the student will be the guarantor in case of individual applicants.
Loan Amount:
- For studies in India Maximum Rs.10.00 lakhs
- For studies abroad Maximum Rs.20.00 lakhs
Collateral Security:
- Up to Rs. 4 lakhs : No security
- Above Rs. 4 lakhs: Collateral security equivalent to the loan Amount or in the form of land & building, Govt. Securities/LIC policies/NSC etc.
Repayment: In 5-7 years after repayment holiday (course period and 1 year or 6 months after getting job whichever is earlier)
For details of Processing Charges & Other charges, prospective customers are requested to contact nearby branches
Terms and Conditions
- A capability certificate can be issued by branches after obtaining supporting documents.
- NDC from other banks need not be insisted on, a declaration or affidavit is enough.
- The loan is to be sanctioned at a branch nearest to the place of domicile of the applicant.
- The loan should be disposed off within 15 days to 1 month from the receipt of complete details from the party.
