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Maha Scholar Education Loan Scheme




To provide financial assistance/ support to meritorious student for pursuing higher studies /education in courses conducted by the Premier Educational Institutions in India as a differentiated products as an offerings for the premier institutions and to tap the available opportunities under the segment and focus on tie up with premier institutions to have continuous flow of business in the retail portfolio.


Student Eligibility

  • Should be an Indian national.
  • Secured admission in Regular full time Degree /Diploma courses of Premium Institutes covered as per category A, B & C

Quantum of Loan

Maximum Loan Amount

  • For category A *-    Rs. 30 lakhs. ( For ISB student Rs 35.00 Lakh)
  • For category B-     Rs. 25 lakhs.
  •  For category C-     Rs. 20 lakhs.

Tangible collateral of full value and Parent/Spouse/ Guardian as co-borrower for the below loan amount

Repayment Period

Repayment holiday / Moratorium - Course period + 1 year (Uniform 1 year moratorium for repayment after completion of studies in all cases)

Repayment of the loan will be maximum 180 equated monthly instalments (EMIs). (i.e. 15 years maximum excluding moratorium period).


  • Education Loan to Students of Premier Institutions A- NIL
  • 5 % for Institutions specified in List B &C.
  • Scholarship/ assistantship be included in margin.


No security is required and only parent/spouse/guardian as co-borrower for the loan up to below limit

  • List A    - Rs 30.00 Lakh
  • List B    - Rs 20.00 lakh
  • List C    - Rs 15.00 lakh.

Tangible collateral of full value and Parent/Spouse/ Guardian as co-borrower for the loan exceeding above amount.

Processing Fee


Interest Rate

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