Education Loan from Karnataka Bank

Karnataka bank Education Loan is for students who wants to pursue higher education in India or abroad under the Vidyanidhi Education Scheme.

Karnataka BankEligibility :

Admission approval with previous satisfactory academic record.

Application Forms Now Available

Courses Eligible



Studies abroad:

  • Graduation - Only for job oriented professional / technical courses offered by the reputed Universities
  • Post Graduation - MCA, MBA, MS
  • Courses conducted by CIMAA in London, CPA in USA

Studies in India:

  • Graduate Courses - B.A., B.Sc., B.Com., B.C.A., B.B.M.
  • Post Graduate Courses - Masters and Ph.D
  • Diploma in Engineering
  • Professional Courses - Engineering, Medical, Agriculture , Veterinary, Law, Dental , Management , Computer, Pharmacy, Physiotherapy, Hotel Management , ICWA, CA, CFA
  • Courses conducted by IIM, IIT, XLRI, NIFT etc


Loan Amount

Maximum Amount for India :  Rs. 7.5 lakhs
Maximum Amount Overseas :Rs. 15 lakhs


Documents to be Submitted
: Previous academic record and admission approval certificates.

Time to Process :
Nearly a Month


Interest Rate 

  • Upto Rs.4.00 lakh - 12.25% p.a
  • Above Rs.4.00 lakh - 13.25% p.a


Repayment 

Within 5-7 years after commencement of repayment

For details, click here.

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