KBL Skill Loan
An unique opportunity to invest in your professional growth with a loan that caters to a range of courses in ITIs, Polytechnics, and NSQF-aligned institutes. This is your ticket to enhancing your skills and boosting your career prospects, whether you're eyeing a short-term certification or a comprehensive diploma, our Skill Loan provides financial support that covers course fees and related expenses. With no collateral requirement and approachable interest rates, we make skill development accessible for you to reach your full potential in today’s competitive job market. Read more
Why this loan is for you
Designed to give you just what you need.
Designed specifically to enhance employability
Apply online with ease on the Vidya Lakshmi portal
100% course fee coverage with zero down payment
Make matters simple and straightforward
A smart calculator for smart spending and savings
Eligibility criteria
- Enrolled in courses at ITIs, Polytechnics, or NSQF-aligned institutes
- No specific age limit for applicants
- Individuals in NSQF-aligned courses
Documents required
- Aadhaar and PAN card of applicant/borrower/guardian
- Marksheet of previous examinations (SSLC, PUC, graduation)
- Fee structure, fee paid receipts, bona fide certificate
- Details of proposed skill course
- Income source
As easy as 1,2,3...
Apply for a KBL Skill Loan in 3 simple steps
Step 1
Visit your nearest branch
Go to your nearest Karnataka Bank branch
Step 2
Start with your basic details
Provide your basic details and keep your documents handy
Step 3
We’ll take care of the rest
Our branch officials will notify you when your loan is sanctioned
Explore other options for you
Trusted by thousands and handpicked for financial excellence
Simplify loans with easy reads
Bite-sized resources that keep you informed
Got questions? We’ve got answers.
While the Skill Loan itself doesn’t come with subsidies, its competitive interest rates and no collateral requirement make it an accessible option for skill enhancement.
Applying for the Skill Loan is convenient and user-friendly. You can apply online through the Vidya Lakshmi portal, a government initiative that simplifies the process of applying for education loans. Alternatively, you can visit any of our branches to get assistance with your loan application.
Any individual enrolled in courses run by ITIs, Polytechnics, schools recognized by central or state education boards, colleges affiliated to universities, or training partners affiliated to NSDC/Sector Skill Councils is eligible. It's a perfect fit if you're pursuing certification, diploma, or degree courses as per the National Skill Qualification Framework (NSQF).
The repayment terms for our Skill Loan are designed to be as flexible as possible, considering your financial situation post-education. We work with you to determine a repayment plan that aligns with your financial capacity and course duration.
It covers not just the tuition and course fees but also includes other related expenses like books, equipment, and any additional costs deemed necessary for the successful completion of the course. Plus, there's no restriction on the minimum duration of the course, making it versatile for various short and long-term programs.
Education loans are designed to finance higher education for students. These loans cover a range of educational expenses, including tuition fees, living costs, books, and supplies. The advantage of education loans is that they enable students to pursue their academic goals without immediate financial constraints. They often have a moratorium period, meaning repayment starts after the completion of the course, providing financial relief to students during their education. Embark on your educational journey with confidence with our education loan. We provide comprehensive support for your education loan process, ensuring a straightforward student loan application experience. Benefit from our competitive education loan interest rates and focus on achieving your academic goals without the financial worry.
Interest rates on education loans are generally competitive, with some lenders offering concessional rates for students of premier institutions or for certain courses. The repayment tenure can extend up to 10-15 years after the completion of the course. When considering an education loan, evaluate the total cost of education, the loan amount needed, and the potential ROI in terms of career prospects. It's also important to understand the terms regarding the moratorium period and repayment options.
Do thoroughly research various loan options and subsidies available. Consider the employment prospects of the chosen field of study to ensure loan repayment is feasible. Maintain good academic performance, as it can impact the terms of the loan. Don't overlook scholarships or part-time work opportunities that can reduce the loan burden. Avoid delaying the repayment process post-education, as it can accrue additional interest and affect your credit score.
