Educational Loan provides financial support to deserving/meritorious students to pursue higher education in India and abroad.

Rate of Interest

  • 1.?Up to Rs 4 lacs: IVRR
  • 2. ?Above Rs 4 lacs: IVRR +1% p.a
  • 3. Up to 1% interest concession is provided for loanees if the interest is serviced during the study period

Eligibility for Educational Loan


Student should be an Indian National and should have secured admission to professional / technical curses in India and abroad through Entrance Test/Merit based selection process


About the Bank


ING Vysya Bank (Kannada: ?.???.?? ????? ??????? ????????) was a privately owned Indian multinational bank based in Bangalore, with retail, wholesale, and private banking platforms formed from the 2002 purchase of an equity stake in Vysya Bank by the Dutch ING Group. This merger marks the first between an Indian bank and a foreign bank.Prior to this transaction, Vysya Bank had a seven-year-old strategic alliance with erstwhile Belgian bank Banque Bruxelles Lambert, which was also acquired by ING Group in 1998.On 20 November 2014, in an all stock amalgamation, ING Vysya Bank decided to merge with Kotak Mahindra Bank, creating the fourth largest private sector bank in India. On 1 April 2015, the Reserve Bank of India approved the merger.


FAQ Loan


1.How is the loan sum distributed?

The fee for the entire course is usually paid to the institute/ university directly by the bank. Each year or semester, you must submit a form to the Syndicate Bank entailing information of the sum required.

2.Can I apply for a second loan for further studies?

This is possible at the discretion of the bank.

3.What is the mode of paying back the loan?

Repayment is normally done on an EMI basis. The money can be transferred electronically or you can also pay via cheques.