Enabling parents to provide quality school education to child/ren by financing:  

  • One Time Admission Fee.  
  • Arrears of Monthly Fee for Maximum 6 months including Tuition Fee, Bus Fee etc.
  • Parents with children above the age of 3 years whose child/ren have got admission in the recognized/registered school upto Higher Secondary Level.  
  • Parents with children above the age of 3 years who are studying in any recognized/registered school and have for any reason like natural calamity, turmoil, political disturbance, health issues not been able to pay monthly fee of the children for upto six months in a row. The loan for monthly fee can be granted more than once provided the previous facility granted is adjusted in full.  
  • Maximum of 0.80 Lakh per child/ward for Admission Fee (one time only upto 12th Class).  
  • Maximum of 0.30 Lakh per child/ward for Arrears of Monthly Fee.  

The facility shall be allowed to an applicant borrower/parent for the studies of two children only.  
The interest charged on the loan during the moratorium period shall be capitalized and will form a part of overall limit sanctioned and shall not exceed the prescribed loan limit.  

  • Admission Fee:   10%  
  • Arrears of Monthly Fee:  NIL
  • Primary: NIL
  • Collateral: Third Party guarantee of one person*. 

    * No Third party guarantee required in respect of permanent employees of State and Central Government, State/ Central Government Undertakings & Autonomous bodies drawing salary through our Bank.
  • Child should be 3+ years of age.
  • The applicant should produce a Certificate from the concerned school that the child has been selected for Admission along with estimate of Fee payable. In case of finance for Arrears of monthly fee for (maximum 6 months), the letter from school regarding amount of the monthly fee of the student having remained in arrears should be obtained.
  • The parent/guardian should have an independent regular source of income sufficient to cover the monthly repayments of loan/s after providing for 40% of take-home salary/income.
  • Income of parents will be jointly considered for calculation of repayment capacity.
  • The school should be recognized /registered by Government.  

Repayment to commence 3 months after first disbursement of the loan.

  • Admission Fee:  Upto 5 years including moratorium period of 3 months.
  • Arrears of Monthly Fee:  Upto 2 years including moratorium period of 3 months.