Vijaya Bank Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0
EDUCATION LOAN FOR HIGHER EDUCATION, UPTO 10 LACS FOR STUDY IN INDIA AND UPTO 20 LACS FOR ABROAD STUDY
Interest
Rate

Loan limit Interest Rate
Upto 7.5 Lacs 10.65%
Above 7.5 lacs 10.5%
Upto 10 Lacs* 9.65%
Loan Amount &
Security

Secured Unsecured
Above 7.5 lacs Upto 7.5 Lacs
Charges &
Repayment

Processing fees 0.75 %
Repayment period 10-15 years
Moratorium period Study period + 12 months
Eligibility
Criteria

  • Indian Nationals
  • Admission guaranteed
Key Benefits &
Coverage

Margin
  • Upto 4 Lacs - Nil
  • Above 4 lacs - 5% for study in India
  • Above 4 lacs - 15% for abroad study
Course covered
  • Indian Courses - Courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt. etc.
  • Indian Courses - Courses conducted by autonomous institutions like IIT, IIM etc.
  • Indian Courses - Teacher training/ Nursing courses approved by Central government or the State Government
  • Indian Courses - Courses approved by Director General of Civil Aviation/Shipping/ concerned regulatory authority
  • Courses Abroad - Courses like MCA, MBA, MS, etc. offered by reputed universities
Expenses covered
  • College fees, book & laptop purchase, travel expenses and any education related expenses.
Required
Documents

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