Educational Loan Scheme (GMFDC)

₹1.5 L · annual

1. For studies within India, a maximum loan of ₹1,50,000/- per year and up to ₹7,50,000/- for a five-year course can be obtained.

₹2.5 L

1. For medical courses within India, ₹2,50,000/- for 1 year and ₹12,50,000/- for 5 years can be obtained.

₹3.0 L

1. For abroad studies, a maximum loan of ₹3,00,000/- for 1 year and ₹15,00,000/- for 5 years is provided.

1. The annual interest rate on this loan is 3%.

₹98.0K · annual

Note 1: If the applicant’s annual family income is up to ₹98,000 in rural areas or ₹1,20,000 in urban areas, the loan is provided at a concessional interest rate of 3% per annum.

₹1.2 L

Note 2: According to the National Corporation's Credit Line-2, for families with an income of ₹1,20,000/- up to ₹8,00,000, the interest rate is 5% for female students and 8% for male students.

Note 3: The loan and interest amount is to be repaid in 60 equal monthly installments within five years from the date of completion of studies or from the date of getting a job, whichever is earlier.

Note 4: Penalty interest at the rate of 2% is payable on delayed payments.