Kerala Gramin Bank Abroad Education Loan

    Updated on: 26 Oct 2023 8 min read

    Kerala Gramin Bank Abroad Education Loan

    Kerala Gramin Bank, a Regional Rural Bank (RRB) sponsored by Canara Bank and jointly owned by central and state governments, offers education loans to all Indian citizens. With a net asset value of INR 29.5 Cr the bank is headquartered in Malappuram, Kerala.

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    Frequently asked questions

    Are Kerala Gramin Bank abroad education loans secured or unsecured? 

    Kerala Gramin Bank education loans are secured for loan amounts of more than INR 4 Lakhs. You can get up to INBR 4 Lakhs without any collateral security. For education loans between INR 4 - 7.5 Lakhs, the applicant or a third party must pledge collateral equivalent to the loan amount. The collateral value must be 150% of the loan amount for amounts more than INR 7.5 Lakhs. 

    How long is the application process for education loans from Kerala Gramin Bank? 

    Typically an education loan involving collateral takes around 30 days to complete the application process. Education loans from Kerala Gramin Bank can take up to 30 days or more, depending on the strength of your application. 

    Can a student outside Kerala apply for an education loan from Kerala Gramin Bank? 

    According to the eligibility requirements of Kerala Gramin Bank education loans, Indian citizens can apply for an education loan irrespective of their non-residence in Kerala. However, the property to be pledged must be a landed property in Kerala with valid documents. 

    Does Kerala Gramin Bank give interest subsidies in education loans? 

    Yes. Since the Kerala Gramin Bank is jointly owned by the central and state governments, you can expect eligible subsidy benefits for education loans from Kerala Gramin Bank. 

    Can I apply for Kerala Gramin Bank education loans to study anywhere in the world? 

    The bank states that education loans are provided to eligible candidates to study anywhere in the world. However, the eligibility criteria specifically mention there will be an assessment of the future income potential of the applicant. So your course and university must be acceptable for the bank to sanction an education loan.



Picsart 08 15 07.42.27
Written by Anjaney Chaturvedi

Anjaney has in-depth knowledge of abroad colleges, and universities. With a background in Mechanical Engineering, he has a unique understanding of STEM courses. His interest also lies in finance and education financing. Firmly believes in ‘Being as unique as your fingerprint’.


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Reviewed by Aman Jain

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.


Specializes in:
Education loan , Study Abroad Admissions


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