SA_Scholarships & Loans

Students who demonstrate high academic achievement, talent or leadership skills rather than financial need are considered eligible for merit based scholarships. Note that having a good academic record does not promise you a merit-based scholarship. The decision still lies with the scholarship committee who pick an awardee based on multiple factors.  

This can be possible in certain cases but is extremely rare and very competitive. For the majority of Indian students, merit-only scholarships are the primary pathway. 

Merit-based scholarships are awarded through both methods - some are automatically granted based on your application profile. While others require a separate application.

Loan repayment tenure is flexible. It allows students up to 15 years to repay student loan. This period begins after completion of course and moratorium period. It is calculated as course duration plus one year.

Not always. Under the Premier Abroad scheme for Category 'A' institutes, students can avail of a loan up to INR 40 Lakhs without any collateral. For amounts exceeding this limit or for other categories, collateral coverage between 50% to 100% or more is typically required.

The interest rate of UBI student loan is between 7.85% to 11.75%. Totally depends on student's profile and specific loan scheme. Also, female students are eligible for a 0.50% concession on ROI.

Yes, you can apply. You are certainly eligible. Lenders generally prioritize your confirmed university admission and your co-applicant's financial strength over a 7.5 CGPA, which is considered a decent score for most banks. Start applying now.

Repayment does not start immediately. It typically begins after a "moratorium period," which covers your course duration plus one year (or sometimes 6 months after securing a job). This flexible repayment term allows you to find employment before you start paying back the monthly EMIs.

Yes, you can apply online through official website of specific bank. Else you can use government's Vidya Lakshmi Portal to apply to multiple banks. Alternatively, you can visit the nearest bank branch to submit the physical education loan application form along with your documents.

The co applicant, usually a parent, must provide a Photo ID along with and address Proof. Aadhar card and voter id card are well known. They must submit financial proofs, including their PAN card, the latest salary slips (3-6 months), Income Tax Returns (ITR) for the last 2-3 years, and recent bank statements.