South Indian Bank Education Loan

The South Indian Bank Education Loan is a set of loan schemes for students pursuing higher education in India or abroad. The schemes (including SIB Global Education Scheme, VPS, SIB Excellence and others) offer varying loan limits, interest rates, moratorium periods and repayment tenures. Eligible expenses explicitly include tuition, exam and library fees, textbooks, hostel charges and related study costs. Some schemes specify collateral and co-applicant requirements and include concessional interest provisions during the moratorium period.

Access to education loans with scheme-specific loan limits (examples up to 150 Lacs), coverage of study-related expenses (tuition, exam/library/lab fees, textbooks, hostel, travel, insurance), moratorium periods and defined repayment tenures; collateral and co-applicant options noted.

Eligibility varies by scheme; examples include Indian nationals (including NRIs) and applicants to full-time undergraduate, postgraduate or Ph.D. courses longer than one year. One scheme requires at least 75% in undergraduate or equivalent for postgraduate applicants and passing an entrance exam or interview. The SIB Global scheme states age eligibility between 18 and 50 years.

Apply to the bank under the chosen SIB education loan scheme; the page describes required documents, collateral and co-applicant requirements and refers to the bank's application procedures.