Bank of Maharashtra Education Loan

The Bank of Maharashtra Education Loan is a financing product that supports Indian students pursuing education in India and abroad. It provides credit for tuition and related study expenses with varying loan amounts, security requirements, moratorium and repayment terms depending on the scheme and institution category. Concessions to interest rates are available for female students and high academic performers. The schemes cover full-time degree/diploma courses, select part-time professional programmes and skill/technical courses under specific product variants.

Access to loan financing for tuition and related study expenses; varying loan limits; moratorium during course plus a defined period; interest rate concessions for female students and top academic performers; group/life insurance for certain schemes.

Indian nationals admitted to eligible UGC/AICTE/Government/recognized institutions; specific schemes require admission to Category A/B/C institutions or specified professional qualifications; accepted co-applicants include parents, parent-in-law, spouse or siblings. Certain part-time schemes require minimum work experience and age limits apply for some categories.

Applicants can request a callback or fill a common application form via the intermediary site (WeMakeScholars) to be connected to a loan officer; standard bank loan documentation and co-applicant requirements apply as per scheme.