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karur vysya bank educational loan for higher studies

KVB has made it possible for you to pursue your educational dreams. Our loan has been specifically structured to provide you with financial help if you wish to pursue education of your choice, either in India and abroad.karur vysya bank educational loan for higher studies .for more details go with below links.

karur vysya bank educational loan for higher studies

karur vysya bank educational loan for higher studies

Base rate(w.e.f. 05/10/2015) → 10.40%

  • It is a term loan given for studies in India and abroad.
  • Students who are Indian nationals and have secured admission to professional/ technical courses in India through a common Entrance Test, or who have secured admission to a foreign University or Institution.
  • The Father or guardian of the student will be the guarantor in case of individual applicants.


Margin Up to Rs.4.00 Lakhs – Nil
Above Rs.4.00 Lakhs:
Studies in India – 5%
Studies in abroad – 15%
Repayment Tenor In 5-7 years after repayment holiday (course period and 1 year or 6 months after getting job whichever is earlier)
SCHEME ROI (floating) p.a.
Educational loan
Upto Rs.7.50 lakhs
For Boys For Girls


(BR + 2.75%)


(BR + 2.25%)

Primary security DPN
(In case of loan is used for purchase of equipments/instruments, the same is to be hypothecated to us)
Collateral security For loans up to Rs.4.00 Lakhs:
Parents to join as Co Applicants & No security.
For loans above Rs.4.00 Lakhs and up to Rs.7.50 Lakhs:
Parents to join as Co applicants together with collateral security in the form of suitable third party guarantee. The bank may, at its discretion, in exceptional case, waive third party guarantee if satisfied with the Net Worth / Means of parent/s who would be executing the documents as “Joint Borrower”
Above Rs.7.50 Lakhs: Parents to join as Co applicants together with tangible collateral security of suitable value, along with the assignment of future income of the student for payment of installments.
Students admitted under Management Quota are also eligible for Educational Loan. However other norms / guidelines with regard to eligibility criteria are to be complied as per State/Central government norms
Guarantee Father/Guardian in case of Individual applicant
Processing charges Nil

karur vysya bank educational loan for higher studies

KVB Education Loan FAQs:

    1. Is there a processing fee component involved towards handling the education loan application?

Karur Vysya bank does not charge a fee towards education loan processing. Ideally, interest charges will the only major cost involved in the loan.

    1. I have decided to go for a study loan from KVB for my daughter who will be pursuing her masters in US. I have sufficient liquid assets equivalent to the loan amount. Can the collateral third party guarantee clause be waived?

The “third party guarantee “clause is flexible and not mandatory. If the bank is satisfied with the net worth of parent(s), this condition can be waived on a case to case basis.

    1. What is the standard turnaround time (TAT) taken by KVB to process education loan application?

The bank takes up to 15 business days to process study loan application (India and abroad), provided all relevant documents are in place. If there is a delay owing to paperwork or verification, the bank officials will inform you.

    1. I am an engineering student in 1st semester and need a standard configuration laptop computer towards project work. Am I eligible to approach KVB for funding the purchase? (Note: I have availed an education loan from this bank)

Yes, you can. Please contact the relevant branch. The laptop will be hypothecated to the bank until full repayment of the loan.

    1. What are the documents required at the time of application for an education loan?

The following documents (non-exhaustive) will be required.

    • Marks sheets/Convocation certificate of the last qualifying exam.
    • Proof of admission to the course along with details of expenses involved.
    • Bank account statements of all the borrowers and guarantors.
    • Passport size photographs, ID and residence proof. PAN details.
    • Statement of assets and liabilities of the borrower(s). IT returns statement, Income tax assessment.
    • If the course is being undertaken at a foreign university/institution, foreign exchange permit, scholarship details etc.karur vysya bank educational loan for higher studies for more details visit official website .
above details extracted from the official karur vysya bank offficial website www.kvb.co.in

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