Explore reliable education loans for your academic goals
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Your education, your future
Starting an educational journey marks is an important milestone, and our loans exist to to ensure that financial constraints never stand in the way of your studies. Whether it’s pursuing a degree in India or abroad, mastering a new skill, or diving into professional courses, our education loans are designed to provide the right kind of financial support. Our loans come with flexible repayment options, competitive interest rates, and substantial loan amounts, making your educational goals a dream you can actually pursue with confidence. Read more
Apply for a KBL Vidyanidhi Quick Education Loan
- High loan limits for global education
- Extended repayment for ease
- Covers a broad range of courses
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Apply for a KBL Skill Loan
- Encourages skill development
- Loan range for diverse courses
- Pay with flexible terms
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Make matters simple and straightforward
A smart calculator for smart spending and savings
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Loan amount
25000 1000000
Rate of interest
2% 18%
Loan tenure
1 Months 60 Months
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You will pay
₹13,800/Months
Why choose our education loans
Getting you where you need to go
Explore higher loan limits for students planning to study abroad
Specialized loans for skill-based learning and certifications
Up to 15 years repayment period for higher education
Who can apply for KBL education loans
- Individuals who are resident of India
- Individuals at least 18 years old
- NRIs holding an Indian passport
- Minimum salary of ₹10,000 for salaried
- Minimum income of ₹120,000 for businessmen and self employed
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“It was quick sanctioning and fully digital”
Mr. Sirimall Mahesh
KBL Xpress Car Loan
17 Jan,2024
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Carol Dsouza
KBL Xpress Car Loan
02 Nov,2023
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KBL Mobile Plus
02 Nov,2023
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02 Nov,2023
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Got questions? We’ve got answers.
Is there a moratorium period for the loan?
Yes, there is a moratorium period which includes the course duration plus an additional six months after course completion, allowing you time to start earning before beginning repayments.
Can I avail tax benefits on KBL Vidyanidhi?
Yes, under Section 80E of the Income Tax Act, you can avail tax benefits on the interest paid towards your education loan.
What happens if I can't complete the course within the scheduled period?
If the course isn't completed within the scheduled time, a maximum extension of 2 years is permitted. Further extensions may be considered in cases where the student is unable to complete the course due to reasons beyond their control.
What can the KBL Vidyanidhi loan be used for?
This loan covers tuition fees, examination fees, hostel and boarding costs, travel expenses for studying abroad, and other necessary educational expenses like books and equipment.
Can NRIs avail education loans from Karnataka Bank?
Yes, NRIs are eligible for our education loans, provided they meet certain conditions as per our bank's policy. This ensures that even if you're living abroad, you can still finance your or your dependents' education in India.
Advantages of education loans
Education loans are designed to finance higher education for students. These loans cover a range of educational expenses, including tuition fees, living costs, books, and supplies. The advantage of education loans is that they enable students to pursue their academic goals without immediate financial constraints. They often have a moratorium period, meaning repayment starts after the completion of the course, providing financial relief to students during their education. Embark on your educational journey with confidence with our education loan. We provide comprehensive support for your education loan process, ensuring a straightforward student loan application experience. Benefit from our competitive education loan interest rates and focus on achieving your academic goals without the financial worry.
Interest rates explained
Interest rates on education loans are generally competitive, with some lenders offering concessional rates for students of premier institutions or for certain courses. The repayment tenure can extend up to 10-15 years after the completion of the course. When considering an education loan, evaluate the total cost of education, the loan amount needed, and the potential ROI in terms of career prospects. It's also important to understand the terms regarding the moratorium period and repayment options.
Important do’s and don’ts
Do thoroughly research various loan options and subsidies available. Consider the employment prospects of the chosen field of study to ensure loan repayment is feasible. Maintain good academic performance, as it can impact the terms of the loan. Don't overlook scholarships or part-time work opportunities that can reduce the loan burden. Avoid delaying the repayment process post-education, as it can accrue additional interest and affect your credit score.
