• Interest Rate (p.a.)

    4% - 15%

  • Loan Tenure

    1 - 8 Years

  • Approval Duration

    3 Days

  • Min. monthly income

    Rs 25,000.00/-

Loan calculator
Loan amount
Rs
Loan Tenure
year
Monthly SalaryRs 25000
Interest Rate (p.a.)

0%

Monthly Repayment

0/-

Total Interest Payable Rs 0.00
Total Amount Payable Rs 0.00
Benefits of Commercial Bank Education Loan
  • Adequate funding for your need.
  • Competitive low interest rates.
  • You can draw funds when you require to pay your fees.

Product Features

Min. Financing Amount Rs 100,000.00/-
Max. Financing Amount Up to Rs 3,000,000.00/-
Min. Loan Tenure 1 Year
Max. loan tenure 8 Year
Interest rate Fixed rate of 4% - 15%
Approval duration 3 Days

Fees & Charges

Set up Fees
Processing Fee N/A
Stamp duty N/A
Annual fee N/A
Other fees N/A
Penalties
Early settlement N/A
Late payment charges N/A
Other penalties N/A

Eligibility & Requirements

Student
  • If you are a student registered with an education course provider, you can apply for a Education Loan.
Non Employed Applicants
  • You can apply jointly with your parent, guardian or spouse who is eligible as a co-borrower.
Self Employed Professionals
  • Professionally qualified individuals employed in their chosen field of profession.
Employment Eligibility
  • Need to be a confirmed employee of an organization acceptable to the Bank.
  • You mush have minimum of one year in confirmed employment.
Open Linked Banked Account
  • Your regular income should be directed to an account at Commercial Bank (which could be opened for this purpose) from which the monthly payments could be deducted.
Security & Guarantor Requirement
  • Loans upto Rs. 500,000/- One personal guarantor.
  • Loans of Rs. 500,000/- and above - Property mortgage.
  • Loans for overseas education - Property mortgage.
Age Limit
  • Between 18 and 60 years.