KBL PEAK Education Loan
Whether you are pursuing higher education in India or abroad, this all-expense education loan allows you to achieve your ambitions and reach for the stars, without worrying about the finances. A long tenure period with a moratorium of up to 18 months from the completion of the course, KBL PEAK Education Loan gives you flexibility to repay at your own pace. A robust travel and health insurance coverage for both student and parent ensure you focus on your education without worry. The facility is comprehensive and covers everything from tuition, private lodging & boarding expenses outside campus, deposits and caution fees, to travel expenses and passage money for studies abroadRead more Read less
Why this loan is for you
Designed to give you just what you need
Travel and health insurance coverage for student and parent
Covers everything from books, tuition, private lodging, boarding expenses, to travel expenses and insurance
Longer repayment tenure up to 15 years with up to 18 months moratorium after course completion
Make matters simple and straightforward
A smart calculator for smart spending and savings
Emi Calculator
You will pay
₹13,800/Months
Eligibility criteria
- Indian national
- Secured admission to a higher education course in a recognized institution in India or abroad
Documents required
- ID proof (PAN card, mandatory)
- Address proof (Aadhaar card, voter ID, driving license, passport)
- 1 photograph
- Copies of 10th and 12th marksheets
- Copies of semester-wise graduation results (if applicable)
- Copies of entrance exam results (e.g. GMAT, GRE, IELTS, TOEFL, etc.)
- Offer letter or admission letter from university
- All documents should be self-attested
- ID proof (PAN card, mandatory)
- Address proof (Aadhaar card, voter ID, driving license, passport)
- For salaried, last 3 months' salary slip, last 6 months' bank statement (where salary gets credited), last 2 years' Form 16
- For self-employed, last 3 years' ITR with statement of income, P&L and B/S, last 6 months' bank statement, last 12 months' bank statement, business establishment proof
- Ownership proof (latest electricity bill or maintenance receipt)
- Property documents for residential & commercial properties: (1) sale agreement/chain agreement (required if applicable), (2) OC, CC or sanctioned approved (required if applicable), (3) latest maintenance copy, (4) utility bill of captioned property, (5) society NOC (Karnataka Bank format)
- All documents should be self-attested
- For unsecured loans, the co-applicant shall produce proof of stability (e.g. tax paid receipts for own house or rent paid proofs for rented home)
As easy as 1,2,3...
Apply for a KBL PEAK education Loan in 3 simple steps
Step 1
Visit your branch or apply online
Go to your closest Karnataka Bank branch or apply online
Step 2
Submit your form
Fill out and submit the loan application form
Step 3
Verify your details
Upload the documents and wait for us to send you a confirmation
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Got questions? We’ve got answers.
Yes, there is a moratorium period depending on course duration. If the course duration is 1 year or less, then the moratorium period is up to 6 months after course completion. If the course duration is above 1 year, then the moratorium period is up to 18 months after course completion, allowing you time to start earning before beginning repayment
Yes, under Section 80E of the Income Tax Act, you can avail tax benefits on the interest paid towards your education loan
If the course isn t completed within the scheduled time, a maximum extension of 2 years is permitted. Further extensions may be considered in cases where the student is unable to complete the course due to reasons beyond their control
This comprehensive loan facility covers tuition fees, private lodging & boarding expenses outside campus, examination fees, library fees, lab fees, caution deposits, building fund or refundable deposit (not exceeding 10% of the total tuition fees for the entire course), travel expenses and passage money for studies abroad, and insurance premium for student borrower.
Anyone aged 16 years to 35 years can apply for this loan.
The KBL PEAK Education Loan is an all expense education loan for those looking to achieve their ambitions and reach for the stars without financial worry. Whether you are pursuing higher education in India or abroad, this loan has you covered. This comprehensive loan facility covers everything from tuition, private lodging & boarding expenses outside campus, deposits and caution fees, to travel expenses and passage money for studies abroad. Starting at an interest rate of 9% p.a., with loan amounts up to ₹2 crore and flexible repayment options extending up to 15 years, this education loan allows you to focus on your studies without financial worry. We support your educational journey with confidence, offering a moratorium period up to 18 months and a loan structure that eases the repayment process
The KBL PEAK Education Loan begins with a competitive interest rate of 9% p.a., making higher education more accessible. We offer upto 18 months moratorium period after course completion, allowing you to plan your finances without the immediate pressure of repayments. With our education loan, interest is calculated with your future financial stability in mind, providing you with an affordable pathway to achieving your academic goals
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
