To provide monetary assistance to Indian nationals who have secured admission to listed professional/technical courses in India or abroad from a recognised university/institution by means of a common entrance test.

Rate of Interest

  • 1.Educational loan Upto Rs.7.50 lakhs:For Boys 13.15% (BR + 2.75%), For Girls 12.65% (BR + 2.25%)

Eligibility for Educational Loan


1.Students who are Indian nationals and have secured admission to professional/ technical courses in India through a common Entrance Test, or who have secured admission to a foreign University or Institution.

2.The Father or guardian of the student will be the guarantor in case of individual applicants.


About the Bank


Karur Vysya Bank is a private-sector Indian bank, headquartered in Karur in Tamil Nadu. It was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar.It is one of the largest old generation private bank in India and also largest Tamil Nadu based private bank followed by City Union Bank, Tamil Nadu Mercantile Bank and Lakshmi Vilas Bank. As on 31st March 2015, the bank has around 7,500 employees. The bank is a member of IBA and its employees are have union registered with AIBEA.The bank also offers Internet Banking and Mobile Banking facilities to its customers. The bank is known for its cash deposit machines (CDM) a major technology initiative taken only by few banks in India.


FAQ Loan


1.Is there a processing fee component involved towards handling the education loan application?

Karur Vysya bank does not charge a fee towards education loan processing. Ideally, interest charges will the only major cost involved in the loan.

2.I have decided to go for a study loan from KVB for my daughter who will be pursuing her masters in US. I have sufficient liquid assets equivalent to the loan amount. Can the collateral third party guarantee clause be waived?

The ?third party guarantee ?clause is flexible and not mandatory. If the bank is satisfied with the net worth of parent(s), this condition can be waived on a case to case basis.

3.What is the standard turnaround time (TAT) taken by KVB to process education loan application?

The bank takes up to 15 business days to process study loan application (India and abroad), provided all relevant documents are in place. If there is a delay owing to paperwork or verification, the bank officials will inform you.