The Ratnakar Bank Ltd offers Education Loan to pursue higher education with our easy and convenient Education Loan.

Education Loan

Pursue higher education with our easy and convenient Education Loan.

Their Education loan is a tenor based instalment loan that can be availed for higher education in India and abroad.

Product Features-

Up to 100% of tuition fee, living expenses and other expenses covered

Loan amount from Rs.50,000 up to Rs 10 lakhs for studies in India and up to Rs.20 Lakhs for studies abroad.

Convenient principal repayment (Moratorium period of 1 year after course period or 6 months after getting job, whichever is earlier)

Hassle-free loan sanction and disbursal procedure

No collateral for loan amount up to Rs 4 lakhs

Simplified and hassle free documentation

Lower interest rates for top ranking institutions / universities

Higher LTV for collateral based loans

Eligibility & Loan Criteria-

Applicant & co-applicant should be an Indian Resident

Minimum net income of Rs. 1.5 Lakhs per annum

Co-applicant can be any one - Father / Mother / Brother / Sister and Spouse

Co-applicant can be Salaried or Self-employed individual

Note:

Co-applicant is mandatory for all loans.

Terms and Conditions apply

All Loans at the sole discretion of RBL Bank.

Documents required-

Identity Proof – Any one (e.g. Voter ID / Driving License / Passport)

PAN Card – For Individual

Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)

Relationship Proof (if required)

Passport Size Photographs

Any other valid Photo ID card issued by central or state government

Latest 6 months Salary credit Bank Statements

Contact-

Banking Queries

Call us at: +91 22 61156300 to 99
1800 123 8040
Email: customercare@rblbank.com

Credit Card Queries

Credit Cards Helpline: 1800 121 9050