Educational Loan

Interest Rate*: Contact Bank
Min- Max Ticket Size: Rs 100,000- 5,000,000
Subject to: 90% of the applicable admission fees/school fees/ higher education fees
Collateral: One Personal Guarantee

Product 1 - Finance Lump sum payment of annual school fees

Conditions: A revolving facility and existing loan facility to be settled in full prior to the subsequent loan

Product 2 - Finance admission fees/ Payment of annual school fees as a lump sum (multiple years)*/ Finance the Higher Education course fees

Max Tenure/s - up to 7 years

Educational Loan

Study Guard package – Now you can apply for a loan coupled with a protection cover for you with benefits for an uninterrupted education for your child.

Product 1 – Study Guard Loan

A Personal Loan especially for Parents/Family Members/Caretakers & Guardians, to pay school fees, for their children studying in Semi Government/Private and International schools.

• Max repayment tenure: 7 years
• Prerequisites: Offer letter to be obtained from the school

Product 2 – Study Guard Insurance Cover

A special protection cover to guarantee uninterrupted education of your child in the event of permanent disability, critical illness or demise of a parent/ caretaker (policy holder).

• Policy Period: - 2 to 13 years
• Premium- One-time premium payment option
• Prerequisites: Entry age of a parent/ caretaker 18 to 60 years.

Interest Rate: 29.50% *rates are subject to change *Conditions applied
Min- Max Ticket Size: Rs 100,000 - Rs 15,000,000
Applicable Cap: 100% Total Fee Requirement

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Credit Card

• 0% interest up to 12 months installment plans for transactions above Rs.10,000 to Rs.1 Million
• Valid till 28th February 2023

Educational Loan

Product 1: Variable Interest Rate Loan

Obtain an educational loan at a variable interest rate

• Interest Rate: AWPLR+2.75% to 25.25% p.a.
• Interest Frequency: 1 month, 6 months

Product 2: Fixed Interest Rate Loan

Obtain an educational loan at a fixed interest rate

• Interest Rate: 22% to 24.25% p.a.
• Interest Frequency: 1 year, 3 years, 5 years

Min - Max Ticket Size: Rs 100,000 – 7,500,000 (Salaried employees) / 10,000,000 (Professionals)
Max Tenure/s: 5 years (Salaried employees) / 10 years (Professionals)
Applicable Cap: 60% of gross income

Educational Loan

Product – Personal Loan for Higher Education

• Interest Rate (Range) : Contact Bank
• Max tenure: 5 Years

Min - Max Ticket Size: Rs 100,000 - 2,000,000
Applicable Cap: Maximum 80% from the Total Cost

General:

Interest Rate:
Min- Max Ticket Size:-
Applicable Cap:
Collateral :

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Product 1 – Lump Sum Payment of annual school fees Prerequisites: A revolving facility and existing loan facility to be settled in full prior to the subsequent loan

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Product 2 – Lump Sum Payment for school admission fees or higher education course fees as a (multiple years)

• To finance school admission fees.
• To finance higher education course fees.

Max Tenure/s - up to 7 years