Rate of Interest : (Subject to changes as advised by Bank/RBI from time to time) :

(1) Student satisfying DRI norms                                                                  4.00%

(irrespective of quantum of loan)

(DRI:annual income less than Rs 7200 p.a)                                                        

(2) Others

-Upto Rs.4 lakhs                                                                                      12.50%

- Above Rs.4 lakhs upto Rs. 7.50 lacs                                                       13.50%

- Above Rs. 7.50 lacs upto Rs. 15 lacs                                                      11.25%

 (studies abroad)*

- For students secured admission in IIT / IIM / ISB*                                    10.75%

* for loans granted w.e.f. 9.7.2005

NOTE : 

1)    0.50 % concession in ROI for prompt servicing of interest during study period.

2)    Reduction of 1% for all courses in all slabs / category for girl students for loans granted from 1.12.2005 to 30.6.2008.