Karnataka Bank Education Loan

Karnataka bank offers scheme of education loan to the candidates proving that they have secured admission in any one of the eligible courses in India or Abroad.

Bank Name Amount of Loan Repayment Tenure Interest Rate

10 - 20 lacs

5 - 7 years

12.50 - 14 %

Eligible Courses

Studies in India: 

  • The graduation course which generally includes B.Sc., BA, BBM, BCA and other similar courses.
  • The post-graduation courses including PH.D. as well
  • The professional courses which includes law, management, medical, engineering, dental, hotel management, CA, ICWA, nursing and veterinary courses
  • The courses which are conducted under the autonomous institutions like IIM and IIT
  • Other courses that may lead to diploma / degree and they are from some of the recognized institutes either under central government or under any one of the state government.
  • Courses under any one of the private and reputed universities or national institutes.

Studies abroad:

  • The courses leading the students to some degree and they should be job oriented courses that is should provide job opportunity to the graduated students.
  • MBA, MCA or MS like some of the post-graduation courses
  • Courses under the CPA - London or CIMA - USA

Expenses that can be considered for granting loan

  • Hostel fee, tuition fee, boarding & lodging fee
  • Laboratory / examination / library fee
  • Purchase of study material / books / uniforms or equipment
  • The refundable deposits including hostel security and caution money
  • Travel and passage expense if the student studies out of India.
  • Other things like computer, thesis work, project work and the things which are stated necessary for the student from the university

Amount of loan granted

10 lakhs of rupee for study in India and the maximum of Rs 20 lakhs for the case if student wishes to study abroad;

Interest rates

  • Interest rate of the bank is subject to change as per the policies of the bank. But the current are given below.
  • For General upto 4 lacs ranges from 12.50- 13.50 % depending upon criterias like meritorious , female candidate etc.
  • For Genral above than 4 lacs ranges from 13-14 % again depends upon meritorious , female candidate criteria etc.
  • No processing fee amount is taken from the student if he / she wish to study in India itself. However for loan amount more than 4 lakhs and for abroad of loan processing fee charge might have to pay you.

Repayment tenure

The repayment period is generally 5 to 7 years which starts from the point of commencement of repayment period. It is either course duration + 1 year or course duration + 6 months post job or whichever of them is earlier is usually considered as the commencement of repayment time.


No security for loan of 4 lakhs and third party security for loans up to 7.5 lakhs whereas security equal to the value of loan for loans above 7.5 lakhs


  • No margin for 4 lakhs and for above-
  • 15 % for abroad
  • 5 % for India

Required Documents

  • Mark sheet of last qualified exam.
  • Application form which must be filled correctly
  • Proof that the student has got admission in one of the course stated above
  • Other required proofs like birth, Identity and residence

Want help with admissions?

Leave us your details and we will contact you
  • I accept T&C and allow AllSchoolsColleges to contact me

Applications for Admissions are open

Alliance University
Bennett University, Greater Noida
Greater Noida
Arni University, Kangra
Presidency University
Milestones Institute Of Allied Health Sciences
RV University
Desh Bhagat University
Fatehgarh Sahib
Woxsen University
Guru Kashi University
St. Francis De Sales College
View All Applications Forms