Are you eligible for a Vidyavahini Loan?
Any Student (if major) – along with parents / Guardian – As Joint Applicants.
What is the maximum amount I can borrow for a Vidyavahini loan?
Rs.75.00 Lakh is the maximum amount.
In how many years can I repay the Vidyavahini loan amount?
180 Months Maximum (Inclusive of Gestation Period i.e. Duration of the Course + 1 Year).
What kind of security is required?
Mortgage of Immoveable Property.
What is the purpose of the Vidyavahini loan?
To meet the cost of higher education/professional qualification from recognised Universities/Institutions.
What is the margin for Vidyavahini loans?
The margin for Vidyavahini loans is
- Nil upto the Loan Amount of Rs.4,00,000/-
- 5% above Loan Amount of Rs.4,00,000/- and upto Rs.7,50,000/- for Studies in India AND 15% for Studies Abroad.
- 15% above Loan Amount of Rs.7,50,000/- in case of Studies in India
- 20% above the Loan Amount of Rs.7,50,000/- in case of Studies Abroad.