Upto Rs 4 lacs : BPLR – 1% (12.50%)
Above Rs 4 lacs : BPLR (13.50%)
Simple interest to be charged during repayment holiday and moratorium
Accrued interest during the repayment holiday period should be added to the EMIs.
Where the borrower has not opted for the repayment holiday or is willing to
service the interest during the repayment holiday (for principal) the interest
rate should be 1% lower than the applicable rate.
50 basis points reduction for girl applicants
50 basis points reduction for physically challenged applicants (subject to
submission of certificate from a medical practitioner)
* BPLR subject to change
Repayment holiday / moratorium :
Duration of the course period + 1 year / 6 months after getting a job, whichever is earlier .
The loan to be repaid in 5-7 years (maximum tenor 84 months) after commencement of repayment.
Processing Fee / Upfront charges:
Study in India |
Nil |
Study Abroad |
1% of the loan amount subject to a maximum of Rs. 5000/-, to be refunded at the time of disbursement if and when availed by the borrower.
Service tax is applicable on the amount of processing fee. |
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