Eligible Customers

  • Students should be Indian National.
  • Should have secured admission in select Premier Educational Institutions in India, through Entrance Test /Selection process.
  • Institutes under List “C” Rs. 10.00 Lacs
  • No adverse credit history

Courses covered

  • Regular full time Degree/Diploma courses (certificate / part-time courses not covered).
  • Full time Executive Management courses like PGPX (For IIMs).

Quantum of loan

  • Institutes under List “A” Rs.40.00 Lacs
  • Institutes under List “B” Rs.25.00 Lacs
  • Institutes under List “C” Rs. 15.00 Lacs
  • (Please refer to list attached below for List of Institutions)
  • LINK

Rate of Interest

RBI format ROI




  • No collateral Security
  • Parents/Guardians to join as Co- borrowers
  • Assignment of future income

Repayment period

  • Moratorium up to course period plus 1 year.
  • Repayment period : 15 years from the date of commencement of repayment

Expenses covered

  • Fees payable to college / school / hostel
  • Examination / Library Fees.
  • Purchase of books / equipment / instruments
  • Purchase of computer / laptop
  • Life Insurance Premium for life cover of student/co- borrower for total tenure of loan
  • Any other expenses related to education

Coverage Under Credit

All Educational Loans upto Rs.7.50 lacs conforming to the guidelines of “IBA Model Education Loan Scheme for pursuing studies in India and Abroad” are eligible for coverage under CGFSEL by National Credit Guarantee Trustee Company(NCGTC)

Other Conditions

  • All other terms & conditions as per Star Education Loan Scheme – Studies in India.
  • Students should apply online on Vidya Lakshmi Portal developed by NSDL e-Governance Infrastructure Ltd.

To apply on line on Vidya Lakshmi Portal click here