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Home >> Loan >> Retail Schemes >> Education Loan >> For Working Professionals
For Working Professionals



To provide finance for pursuing Part time professional courses to enhance their career prospects.


1.     Indian national

2.     Up to 55 years of age

3.     Passed at least graduation exam

4.     Must be working in public/private/ defense enterprises etc.

5.     Have secured admission in an approved institution on part-time basis.

Component of finance

1.     Fee payable to college/ school/ hostel (board & lodging). Reasonable Lodging & Boarding charges will be considered in case the student chooses/ is required to opt for outside accommodation.

2.     Examination/ Library/ Laboratory fee.

3.     Insurance premium for student borrower, if applicable.

4.     Caution deposit, Building fund/ refundable deposit supported by Institution bills/ receipts, subject to the condition that the amount does not exceed 10% of the total tuition fees for the entire course.

5.     Travel expenses/ passage money for studies abroad.

6.     Purchase of computers-essential for completion of the course*.

7.     Purchase of books/ equipments/ instruments/ uniforms*.

8.     Any other expenses required to complete the course-like study tours, project work, thesis, etc*.


* A realistic assessment may be made for the requirement under these heads, however the maximum amount under these heads (6,7 & 8) be capped at 20% of the total tuition fee payable for completion of course.


In case of fee sponsored / reimbursed to the student by any organization, the same may not be taken into cost component.


Wherever fee/charges are revised upwardly the sanctioning authority is permitted to consider financing to the same on bonafide ground/ merits, within the initially agreed repayment period.

Loan Amount

As per fee structure of institution.



Rate of interest (floating)

Click here to view Rate of Interest.

Process/ upfront fee

Click here to view process fee.

Penal Interest

2% penal interest over the normal interest rates on the overdue amount for irregular period.


1.    Personal guarantee of a person acceptable to the bank.


2.    Electronic Clearance System (ECS) / standing instructions/Auto Collection Procedure from the operative accounts of the borrower with us, given the mandate to collect the EMI of the borrower.

Moratorium period

Upto study period only.


  • For loan upto Rs. 7.50 Lacs - Upto 10 years
  • For Loan above Rs. 7.50 Lacs - Upto 15 years


Subject to condition that last repayment date will be upto retirement date.

Prepayment Penalty


Please Click to proceed, if you fulfill eligibility<


* For further details please contact the nearby branch or call at 1800-180-1235 & 0124-2340940