Varthana Bank Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0

EDUCATION LOAN UP TO 10 LACS FOR DOMESTIC MBA AND PG COURSES
Interest
Rate

Loan limit Interest Rate
Upto 10 Lacs 16-17%
Loan Amount &
Security

Secured Unsecured
- Upto 10 Lacs
Charges &
Repayment

Processing fees 1-2.5% of loan amount
Pre payment charges Nil after six months
Repayment period Upto 7 Years
Moratorium period Study period + 6 months
Eligibility
Criteria

  • Indian National
  • Admission confirmed
  • Must have an earning co-borrower in India
Key Benefits &
Coverage

FINANCING
  • Entire amount of tution fee
REPAYMENT STRUCTURE
  • Flexible
COURSE COVERED
  • courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Gov
  • Courses conducted by autonomous institutions like IIT, IIM etc.
  • Teacher training/ Nursing courses approved by Central government or the State Government
EXPENSES COVERED
  • 100% tuition fees
  • 100% Living Cost and other fee
Required
Documents

Student Co-Borrower
KYC
  • Aadhaar
  • 2 passport photo
  • Passport(if going abroad)
  • Aadhaar
  • Pan card & residence proof(elctricitybill/telephone bill/house lease agreement/bank statement)
EDUCATION
  • Admit letter
  • cost of study statement
  • X & XII mark sheet
    ---
INCOME
  • Pan card
  • 6 months bank account statement
  • 6 month bank account statement
  • ITR of last 2years /form 16
  • Income proof(salary slip)
SECURITY
    ---
  • Assets and liabilities brief statement