South Indian Bank Ltd. Head Office T.B Road, Mission Quarters, Thrissur 680 001,Kerala, India
Education Loan
At South Indian Bank, we understand that every educational journey is unique. To support your diverse academic aspirations, we offer tailor-made education loan solutions. Whether pursuing higher studies in India or abroad, developing a specific skill, or meeting specialised requirements, we have the right plan for you.
From basic education to specialised skill development and global education.
Up to 15 years of repayment tenure, including moratorium.
Hassle-free process for quick disbursement.
Tailored to meet your financial capabilities.
Choose a loan that covers all expenses, including tuition fees, exam fees, books, equipment, and living costs, ensuring a comprehensive solution for your educational needs.
Ensure you meet the bank's eligibility criteria, including academic performance, admission to recognised institutions, and co-borrower requirements.
Gather all necessary documents like proof of identity, admission letter, fee structure, academic mark sheets, and income certificates to avoid delays in the loan process.
Check if your loan requires collateral or a third-party guarantee. Loans up to a certain limit (e.g., ₹7.5 lakhs) may not require collateral, but higher amounts might.
Opt for a repayment plan that fits your financial capacity post-graduation, considering the loan's repayment tenure and moratorium period.
Explore government subsidy schemes like the Central Sector Interest Subsidy (CSIS) in India to reduce your loan burden.
For studying abroad, factor in currency exchange rate fluctuations and ensure you have funds for unexpected expenses.
Maintain a good credit score and ensure your co-borrower (parent or guardian) has a stable income to improve loan approval chances.
Use platforms like Vidya Lakshmi Portal for Indian loans or institution-specific portals for streamlined application processes and faster approvals.
Opt for a bank that allows top-up loans during the moratorium period in case you decide to pursue further studies.
Check for NIL prepayment charges, allowing you to repay the loan early and save on interest.
For overseas studies, inform the bank about your plans for returning to India or staying abroad, as it may impact repayment terms and post-study arrangements.
Consult financial advisors or education consultants for personalized advice on choosing the best loan for your specific needs.
To get answers to the frequently asked queries
FD Laddering Strategy: Maximize Returns with South Indian Bank’s Fixed DepositsRead more
SIB Her Haven: Our Vision to Fuel Women’s Home OwnershipRead more
Beyond Savings: How A Gold Loan Simplifies School ExpensesRead more
SIM Swap Frauds - Safeguard Your Financial SecurityRead more
Digital Must-Haves for Students & How to Afford Them the Smart WayRead more
School Reopening? Here's How a Gold Loan Can Ease the PressureRead more
Safe, Simple & Digital: Fixed Deposits with a Digital Edge for Gen ZRead more
Stay Alert: How to Protect Yourself from Investment ScamsRead more
8 Reasons to Choose Quick FD for Your Financial NeedsRead more
Spot the Fakes: A Guide to Secure Online PracticesRead more
©2025 south Indian Bank. All Rights Reserved
Disclaimer | Terms & Conditions | Privacy Policy