Education Loan
Invest in your future with our Education Loans. We support your academic aspirations — from domestic courses to overseas education.
Why SSBL Education Loan?
Domestic Education
Loans for graduation, post-graduation, and diploma courses in India
Foreign Education
Support for studying abroad at recognized overseas universities
Moratorium Period
Repayment starts after course completion — focus on studies
Competitive Rates
Priority sector rates from 9.75% p.a. under weaker section
Eligible Courses
- Graduate and Post-Graduate courses – Engineering, Medical, Management, Law, Computer Science etc.
- Diploma courses conducted by Polytechnic / ITI
- Courses offered by recognized universities / institutions abroad
- Teacher Training / Technical courses approved by State / Central Government
Interest Rate Table
| Type | Security | Max Amount | Non-Priority | Priority / Weaker | Max Tenure |
|---|---|---|---|---|---|
| Domestic – Unsecured (up to ₹1L) | Unsecured | ₹1.00 Lakh | – | 11.25% | 36 Months after study |
| Domestic – Unsecured (₹1–5L) | Unsecured | ₹5.00 Lakh | – | 11.50% | 60 Months after study |
| Domestic – Secured | Secured | ₹25.00 Lakh | – | 9.75–10.00% | 60 Months after study |
| Foreign – Unsecured | Unsecured | ₹7.50 Lakh | – | 12.00% | 84 Months after study |
| Foreign – Secured | Secured | ₹25.00 Lakh | – | 10.25% | 84 Months after study |
* Rates subject to revision. T&C apply. Weaker section students may avail special concession.
Quick Facts
- Available for 18–35 years of age
- Collateral may be required above ₹1L
- Repayment starts 1 year after completion
- Tax benefit under Section 80E
- Co-borrower (parent/guardian) required
Education Loan Interest Rates
Explore the specific interest rates applicable to our Education Loan schemes.
| Type of Loan | Nature of Security | Max Amount | Interest Rate | Special Rate | Max Period | Margin |
|---|---|---|---|---|---|---|
| Education Loan (Secured) | Secured | ₹25.00 Lakh | 11.00% | 10.50% | 180 Months | Above 4.0 - 15% | Others - 0 |
| Education Loan (Unsecured) | Unsecured | ₹5.00 Lakh | 11.00% | 10.75% | 60 Months | Above 4.0 - 15% | Others - 0 |
* Rates are indicative and subject to change. Contact your nearest branch for detailed information.
Education Loan EMI Calculator
Your Amortization Details
| Year/Month | Principal (A) | Interest (B) | Balance |
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Disclaimer: The calculator provides estimated EMI; actual figures will be as per RBI guideline.
Apply for an Education Loan
Meet your financial needs with flexible educational loan options from Sant Sopankaka Co-Op. Bank Ltd.
Submit your enquiry below and our bank representative will contact you to guide you through the application process.
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