Saraswat Bank Education Loan

The Saraswat Bank Education Loan is a loan product for Indian students who have secured admission to a college or university abroad. It offers financing for tuition, travel, accommodation and related study expenses. Loan amounts are available up to INR 1.5 crore (with up to INR 10 lakh for vocational courses) and include features such as a moratorium period and multi-year repayment options. Interest rates start from 9.0% (floating), with discounts available for female students.

Loan up to INR 1.5 crore (INR 10 lakh for vocational courses); coverage of tuition, travel, accommodation, living expenses, books and laptop; moratorium period of 3 years or course duration + 1 year (whichever earlier); repayment up to 12 years; interest starting from 9.0% (floating) with female student discount.

Only Indian students who have secured admission to a college or university abroad; if the student is a minor, parents will be the applicants.

Applicant must submit application form with required identity, address, academic and income documents; online application via intermediary platforms (WeMakeScholars) is noted as acceptable and branch-level applications are implied. Required documents include admission proof, fee structure, academic certificates, co-applicant income proofs, and collateral documents if applicable.