Education Loan from Karnataka Bank


Karnataka bank Education Loan is for students who wants to pursue higher education in India or abroad under the Vidyanidhi Education Scheme.

Eligibility :

Admission approval with previous satisfactory academic record.

Courses Eligible

Studies abroad:

  • Graduation – Only for job oriented professional / technical courses offered by the reputed Universities
  • Post Graduation – MCA, MBA, MS
  • Courses conducted by CIMAA in London, CPA in USA

Studies in India:

  • Graduate Courses – B.A., B.Sc., B.Com., B.C.A., B.B.M.
  • Post Graduate Courses – Masters and Ph.D
  • Diploma in Engineering
  • Professional Courses – Engineering, Medical, Agriculture , Veterinary, Law, Dental , Management , Computer, Pharmacy, Physiotherapy, Hotel Management , ICWA, CA, CFA
  • Courses conducted by IIM, IIT, XLRI, NIFT etc

Loan Amount

Maximum Amount for India :  Rs. 7.5 lakhs
Maximum Amount Overseas :Rs. 15 lakhs

Documents to be Submitted 
: Previous academic record and admission approval certificates.

Time to Process :
 Nearly a Month

Interest Rate

  • Upto Rs.4.00 lakh – 12.25% p.a
  • Above Rs.4.00 lakh – 13.25% p.a


Within 5-7 years after commencement of repayment

For details, click here.