SIB EduSum

Your Future, Our Commitment

South Indian Bank presents the SIB EduSum Education Loan Scheme(SLBSC Kerala), a tailored solution designed to support aspiring students in Kerala pursuing higher education in India and abroad. With comprehensive coverage, flexible terms, and competitive interest rates, this scheme helps students achieve their academic goals without financial hurdles.

Key Features and Benefits

Eligibility for Indian and NRI students

Co-borrower requirement

Wide range of courses

Comprehensive coverage

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Flexible loan amount - Loans ranging from Rs2.5 lakh to Rs10 lakh based on the course and institution.
Age limit - 25 years for undergraduate and 30 years for postgraduate courses.
Attractive margin requirements:
- NIL margin for loans up to Rs4 lakh.
- 5% margin for loans above Rs4 lakh for domestic studies and 15% for foreign studies.
Collateral-free option:
- No collateral for loans up to Rs1 lakh.
- Third-party guarantee for loans between Rs1 lakh and Rs3 lakh.
- 100% collateral required for loans above Rs3 lakh.
Simple interest during moratorium - Only simple interest is charged during the moratorium period.
Top-up loans - Available for higher education.
No processing or prepayment charges - Transparent and hassle-free terms.
Mandatory life insurance - Coverage under the SIB EduGuard scheme.

Academic performance - Secured a minimum of 85% in each qualifying subject and 75% overall in the first attempt.
Income requirement - Parents must have a minimum annual income of Rs7.5 lakh.
Age criteria - 18 to 30 years depending on the course and loan purpose.

Category	Details
Interest Rates	Check Interest Rates
Additional Charges	Click here for Service Charges

Proof of identity and address (student and parents)
PAN card of student and parents
Admission/offer letter from the institution
Fee structure and approval documents of the course
Qualifying exam mark sheets and scorecards
Property-related documents for loans requiring collateral

Online application - Click here to apply for a student loan. Our representative will get in touch with you soon.
OR

Branch visit – Visit the nearest South Indian Bank branch and our representative will help you
Application and Document submission – Submit the list of documents required for processing your loan
Verification - Our team will assess your application, including collateral, and verify eligibility.
Approval - Receive quick approval and a loan offer tailored to your needs.
Disbursal - Upon approval, the education loan amount will be credited directly to the institution's account.

Frequently Asked Questions

To get answers to the frequently asked queries

Loan amounts range from Rs2.5 lakh to Rs10 lakh based on the course and location.

No collateral is required for loans up to Rs1 lakh. Loans between Rs1 lakh and Rs3 lakh require a third-party guarantee, while loans above Rs3 lakh require 100% collateral.

The repayment period is up to 10 years for loans up to Rs7.5 lakh and 15 years for higher amounts.

Yes, the moratorium period includes the course duration plus 1 year or 6 months after securing a job, whichever is earlier.

Yes, you can prepay the loan at any time without incurring additional charges.