KBL Vidyanidhi Quick Education Loan
Whether you are aiming for undergraduate studies, a specialized professional course or pursuing higher education abroad, we offer a financial solution that aligns with your academic goals. We ensure you have the resources to cover tuition, books, travel, and more. Our flexible repayment options, including a moratorium period, allow you to focus on your studies without financial worry. Let us take on the financial worry while you embark on your educational journey with confidence using this education loan.Read more Read less
Why this loan is for you
Designed to give you just what you need.
No repayment pressure with 6 month moratorium period
Collateral-free loans up to ₹7.5 lakh
Covering tuition ,books, travel and more ,for ease
Make matters simple and straightforward
A smart calculator for smart spending and savings
Emi Calculator
You will pay
₹13,800/Months
Eligibility criteria
- Enrolled in recognized professional/technical courses with admission proof
- Consistent academic performance and mandatory creditworthiness
- Same as Indian residents with FEMA guidelines’ compliance
- Enrollment in accredited courses with a Indian resident co-borrower listed
- Proof of income and residence abroad and specified collateral
Documents required
- Aadhaar and PAN card of applicant/borrower
- Marksheet of previous examinations (SSLC, PUC, graduation)
- Fee structure, fee paid receipts, bona fide certificate
- NSDL application
- Passport (education loan outside India)
- Offer letter (education loan outside India)
- IELTS certificate (education loan outside India)
As easy as 1,2,3...
Apply for a KBL Vidyanidhi Quick Education 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
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Got questions? We’ve got answers.
Yes, there is a moratorium period which includes the course duration plus an additional six months after course completion, allowing you time to start earning before beginning repayments.
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 loan covers tuition fees, examination fees, hostel and boarding costs, travel expenses for studying abroad, and other necessary educational expenses like books and equipment.
Government schemes like the Central Sector Interest Subsidy Scheme (CSIS) and Padho Pardesh offer interest subsidies on education loans. CSIS targets economically weaker sections, subsidizing interest during the moratorium period for loans up to ₹7,50,000. Padho Pardesh assists minority students studying abroad, easing the interest burden during their course.
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.
