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
Disclaimer: The calculator provides estimated EMI; actual figures will be as per RBI guideline. Final calculations will be available at the branch. Floating / Fixed ROI will be available based on customers requirement.
Education Loan
@11.00%*
P.A
Education Loans to help students meet their academic requirements with competitive interest rates and convenient repayment options over the extent of their coursework limit.
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.
