Vijaya Bank Education
Loan EMI Calculator

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

SKILL LOAN SCHEME PROVIDING FINANCIAL SUPPORT FOR PURSUING SKILL DEVELOPMENT COURSES.
Interest
Rate

Loan limit Interest Rate
Max Upto 1.5 Lacs 9.95%
Loan Amount &
Security

Secured Unsecured
- From 5000 upto 1.5 Lacs
Charges &
Repayment

Processing fees Nil
Pre-payment charges Nil
Repayment period 2 to 7 years
Moratorium period Upto 12 months
Eligibility
Criteria

  • Indian resident/ citizen
  • Proof of enrollment in the skill development courses or vocational education
  • Age Limit:No minimum age limit
Key Benefits &
Coverage

Margin
  • 5%
Course covered
  • Skill development courses
Expenses covered
  • College fees, hostel charge, books and education related expenses
Required
Documents

Student Co-Borrower
KYC
  • Photo ID
  • Residence Proof
  • 2 passport size photograph
  • Aadhaar
  • Pan card
  • 2 passport size photograph
  • residence proof(elctricitybill/telephone bill/house lease agreement/bank statement)
EDUCATION
  • Admit letter from the college which comes under this scheme
  • College fee-breakup
  • Marksheets (If applicable)
  • X, XII and Graduation mark sheet
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INCOME
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  • 6 months bank account statement
  • ITR/form 16 of last 2years
  • Income proof(Latest 3 salary slips)