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Education Loans

Vidya Lakshmi

National Securities Depository Limited (NSDSL) e-Governance Infrastructure Ltd., has developed the Vidya Lakshmi Portal. This portal has facilities of education loan, scholarship and other student friendly facilities through one link. The portal is gateway to banks for education loan & has linkages with the National e-Scholarship Portal (NeSP). 26 banks have been registered so far and 52 loan schemes have been uploaded to the Vidya Lakshmi Portal.

Vidya Lakshmi

SYNDICATE BANK: SYND SUPERVIDYA SCHEME

Syndicate Bank is one of the oldest and major commercial banks of India with its head office located in Manipal. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969 by the Government of India.

Under the Synd SuperVidya Scheme of the Syndicate Bank, educational loans have been approved for 12 Premier Management/Technical Institutes including TAPMI.

Key Features of this scheme are:

  • Parents should join as a Guarantee/Surety. No collateral security required
  • The rate of interest is MCLR (at present it is 8.75). MCLR + 0.10% if interest is serviced during moratorium period, otherwise 1% additional interest.
  • Loan tenure up to 180 months
  • Loan up to 20 Lakhs
  • Additional loan up to 3 Lakhs if selected to go to abroad under Student Exchange Scheme during the Second Year of the course in Management, up to the maximum loan of 20 Lakhs
  • Quick Sanction
  • No processing fee
  • Nodal Branch: Manipal

For more details contact Mr T.Krishna Murthy at 9449862676 or mail at br.2420@syndiicatebank.co.in

SyndicateBank
e-circular (Synd Super Vidya loan scheme)

ICICI BANK

ICICI Bank is India’s largest private sector bank offering Education Loans customized for Premier Management institutes like TAPMl.

Features of ICICI Bank Education Loan

  • Unsecured loans up to 20 lakhs
  • Loan tenure up to 120 months
  • Zero processing fee
  • Income tax benefit u/s 80E
  • Door step service
  • Quick and hassle-free process

For more details on required documents, T & C and to download forms,
please contact: Chandra Bhanu 9972819746 or
write to us: chandrabhanu.chittoori@icicibank.com

Aadhaar Consent Form
Annexure
Application

STATE BANK OF INDIA: SBI SCHOLAR LOAN SCHEME

State Bank of India (SBI) approved the inclusion of TAPMI, Manipal under SBI Scholar Loan Scheme.

Salient features of SBI Scholar loan Scheme to TAPMI:

  • 100% financing for TAPMI (For fees and expenses up to 20 Lakhs)
  • Lowest Interest Rates @ 9.05%
  • Income proof of parents not mandatory
  • Repayment period up to 15 years after course period + 12 months of repayment holiday
  • Quick Sanction
  • Income Tax Rebate
  • No Processing Fee
  • Nodal Branch: Manipal

For more details on required documents, T & C and to download forms, please contact: 9449842848 / 0820-2572814 or write to us: sbi.04426@sbi.co.in

(Path: Personal Banking>SBI Educational Loan> SCHOLAR LOANS)

Checklist
Affidavit
e-circular (Inclusion in SBI Scholar loan scheme)

AXIS BANK

Axis Bank is the third largest private sector bank in India, offering Education Loans for studies both in India and abroad

Features of Axis Bank Education Loan

  • Unsecured Loan Amount up to 40 Lacs
  • Principal Moratorium available
  • No Prepayment Charges
  • Repayment tenure as long as 180 months with a very low EMI
  • 100% tax benefit for interest paid u/s 80E

For more details on required documents, T & C and to download forms, please contact:

Sathish Gowda 8105884891 / Sathish.gowda@axisbank.com

Prashanth R 8095501811 / udipi.branchhead@axisbank.com

Deepak Pai 8095501813 / udipi.bsm@axisbank.com

Education Loan Details

HDFC BANK

HDFC Bank is the one of the largest private sector bank in India offering Education Loans

Features of HDFC Bank Education Loan

  • Loan Amount up to 20 Lacs
  • Up to 4 Lacs – No Security, Parents to be collateral
  • 4 Lac to 7.5 lacs – Suitable third party guarantee besides parents executing the documents as joint borrowers

For more details, visit our website: https://www.hdfcbank.com/