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Get the details of the Karur Vysya Bank education loan for studies in India & abroad. Know the interest rate, eligibility criteria, margin money, repayment tenure, and more
Updated on: 06 Sep 2023 | Reviewed By: amanjain | 4.34K | 5 min read
Getting an education loan for abroad studies can be a tough chase if you are not well aware of the options available. Many government banks - SBI & BOB, private banks- ICICI Bank & Axis Bank, and NBFCs - HDFC Credila in India offer loans for overseas education. One of such popular government banks offering loans for foreign education is the KVB, or Karur Vysya Bank.
Founded in 1916 by Athi Krishna Chettiar & M. A. Venkatarama Chettiar, Karur Vysya Bank is one of the leading public-sector banks in India.
The bank is headquartered in Karur in Tamil Nadu. Karur Vysya Bank education loans include expenses such as college fees, hostel fees, books, equipment fees, travel money, etc for overseas education. It also takes into consideration the building fund deposits, caution deposits, and all the refundable deposits.
In this blog, we will study all the features and benefits of the Karur Vysya Bank student education loan. So, let's plunge in...
Check Your Education Loan Eligibility
The interest rate of Karur Vysya Bank education loan ranges from 10.75% to 11.75% p.a.
There is no margin money on the study loans up to INR 4 Lakhs. For the education loan amount more than INR 4 Lakhs, the margin money is up to 15% for foreign education and 5% for study in Indian studies.
Karur Vysya Bank Education Loan Details
Loan Tenure |
Up to 7 Years |
Interest Rate |
10.75% to 11.75% p.a. |
Moratorium Period |
Course period + 1 year or 6 months after getting the job (whichever is earlier) |
Margin Money |
Up to INR 4 Lakhs- Nil |
Processing Fees |
Nil |
The bank can sanction loan up to INR 10 Lakhs for studies in India and up to INR 20 Lakhs for studying abroad.
No processing fee is charged by the Karur Vysya Bank under its education loan schemes.
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Repayment of Karur Vysya Bank study loan starts after 1 year of the course completion or 6 months after getting a job (whichever occurs first). The loan repayment period can be up to 5-7 years for all the loans.
Check Your Education Loan Eligibility
Students can apply for a Karur Vysya Bank education loan at any branch in or near his/her place of residence.
Yes, Karur Vysya Bank offers education loans for undergraduate courses, diploma courses, and postgraduate courses which give professional and technical degrees in India or abroad.
In search of an education loan to study abroad? Get in touch with GyanDhan and avail of overseas education loans from top government banks, private-sector banks, and NBFCs. What’s more! Our loan assistance service is totally free of cost. We have partnered with popular financial lenders in India to provide the best deals on foreign education loans. For both secured and unsecured abroad education loans, you can check your loan eligibility and get a callback from us.
Check Your Education Loan Eligibility
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