Education is the foundation of a brighter future, and Sri Sudha Co-operative Bank Ltd. is proud to support students in achieving their academic dreams through our Educational Loan Scheme. Whether it’s for higher studies in India or abroad, we provide financial assistance to ensure that no deserving student is deprived of quality education due to financial constraints.
Purpose
To provide financial support for students pursuing:
► Professional or technical courses in recognized institutions in India or abroad
► Graduation, post-graduation, diploma, or certificate courses approved by competent authorities
Eligible Applicants
► Indian nationals who have secured admission to recognized educational institutions
► Parent(s) or guardian(s) to act as co-borrower(s)
Loan Amount
► For studies in India: Up to ₹10 lakhs
► For studies abroad: Up to ₹20 lakhs
Interest Rate
► Attractive and competitive interest rates
► Concessions for meritorious students (subject to bank’s policy)
Repayment
► Easy repayment in Equated Monthly Installments (EMIs) after course completion
► Repayment to begin 6 months after getting a job or 1 year after course completion, whichever is earlier
Security
► Loan amount up to ₹4 lakhs – No collateral required
► Above ₹4 lakhs – Suitable collateral or third-party guarantee as per bank norms
► Quick and transparent processing
► Minimal documentation
► Flexible repayment options
► Dedicated support for students and parents
