Vijaya Bank

For studies in Indian student of Indian Nationality is eligible to apply for the loan provided he/she has secured admission to the institution/college/university.

Approved courses:


Studies in India

Full time courses (Diploma, Teachers' Training, graduation or Post graduation and Doctorate studies) in all branches of medicine, engineering, agriculture, CA/ICWA/ACS, Computer Science, Architecture, Business Administration, Law, Arts, Science, Commerce, Hotel Management, Nursing and Pharmacy (except Foreign University Degree courses offered in India),Courses conducted by IIM, IIT, IISc, XLRI.NIFT etc.


Studies Abroad

Graduation: For job oriented professional / technical courses offered by the reputed university.

Post graduation: MCA, MBA, MS, etc.

Courses conducted by CIMA-London, CPA in USA, etc.

Pilot Training Programme offered by recognized institutions abroad approved by competent authority in that country. Example in USA the Federal Aviation Administration, Government of USA.


Amount of loan: 

Studies in India : Maximum Rs.10.00 lakhs

Studies abroad : Maximum Rs.20.00 lakhs

Rate of Interest: BPLR - 1.50 % p.a. Floating



Upto Rs. 4.00 Lakhs : NIL

Above Rs. 4.00 lakhs : Studies in India: 5 %, Studies Abroad:15 %



Vijaya Bank also charges various kinds of security for issuing education loans.

Loan above Rs.4 lacs to Rs.7.50 lacs -Guarantee of third part (both India and abroad)

Loan above Rs. 7.50 lacs to Rs.10 lacs(India) and Rs.15 lacs (Abroad)-collateral security.

Rs. 15 lacs to Rs.20 lacs (Abroad)- collateral security and guarantee of third party

Repayment Of Loan:


India-A loan amount up to Rs.7.5 lacs needs to be paid back within a period of five to seven years. Five to ten years is the time stated for loans above Rs.7.5 lac

Abroad-Five to seven years is the time stated for loans up to Rs.15 lacs. Candidates taking loans above Rs.15 lacs should pay back the sum within a time of five to ten years.