Syndicate Bank Education Loan Summary Table
| Syndicate Bank Education Loan Amount | For India – INR 10 Lacs For Abroad – 20 Lacs (Up to ₹ 7.5 lakh without collateral) |
| Syndicate Bank Education Loan Interest Rate | 9.65% per annum |
| Syndicate Bank Education Loan Margin | For loan above INR 4 Lacs In India: 5% In abroad: 15% |
| Syndicate Bank Education Loan Processing Fee | Up to INR 4 Lacs: Nil Above INR 4 Lacs: INR 5000 |
| Syndicate Bank Education Loan Security | Up to 7.50 Lacs: Only Parent/ Guardian as co-borrower. No Collateral Security or third party guarantee
Above INR 7.50 Lacs: Tangible security along with parents as co-borrower |
| Syndicate Bank Education Loan Repayment | Starts After 1 year of course completion or 6 months after getting the job |
Syndicate Bank Education Loan Features
- Amount of Loan
- for studying in INDIA: maximum Rs.10 lakh
- for studying ABROAD: maximum Rs.20 lakh
- Collateral security for availing of an education loan
- For Loans up to INR 7.5 Lakh – NO – Nil Collateral nor Third-Party Guarantee
- For Loans Above INR 7.5 Lakh – Yes, Any of the following collaterals: Residential Property, Syndicate Bank Bank Fixed Deposit, LIC/NSC/KVP
- Loan available up to tenure of 7 years, including moratorium period
- Repayment to start 1 year after course completion / 6 months after obtaining employment (whichever is earlier).
- Loans available for short duration/ job oriented courses also.
- Avail of the tax rebate, offered under section 80-E of the Income Tax Act 1961* for the entire interest amount paid towards your education loan.
Syndicate Bank Education Loan Eligibility Criteria
Parameters |
Eligibility Criteria |
Applicant’s Age |
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Who Can Apply? |
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Maximum Loan Amount |
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Frequency Of Repayment |
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Repayment Period |
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Syndicate Bank Education Loan Interest Rates
| Scheme | Maximum Loan Amount | Interest rate (p.a.) |
| Syndicate Bank’s Education Loan for Indian | Up to Rs.20 lakh | 9.55% – 13.25% |
| Education loan for Foreign Education | No Upper limit | 9.55% – 13.25% |
Syndicate Bank Education Loan Schemes with detailed features, docs, max loan, courses
| Schemes | Maximum Loan Amount | Interest Rates |
| Syndicate Bank Student Loan | Rs.20 lakh | 10.05% |
| Syndicate Bank Scholar Loan | Rs.40 lakh | 8.95% to 9.25% |
| Syndicate Bank Global ED-Vantage | Rs.1.5 crore | 10.05% |
| Syndicate Bank Skill Loan | Rs.1.5 lakh | 9.55% |
| Syndicate Bank Take Over of Education Loan | Rs.1.5 crore | 10.05% |
Syndicate Bank Education Loan Documents Required
Under Know Your Customer Policy (KYC), the bank requires certain documents. These documents are required from both the student and co-borrower:
Identity Proof |
One of any mentioned documents for Identity proof:
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Residence Proof |
One of the following documents for Residence proof (It should not more than 3 months old):
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Income Proof in case of salaried co-borrower |
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Income proof for self-employed co-applicant |
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Additional documents: Aside from KYC documents:
Student Applicant |
Mandatory Passport submission |
| Academic Records: X, XII grade results. Graduation results semester wise. Entrance Exam results that formed the basis of admission | |
| Proof of admission: A conditional application letter may be considered | |
| Cost of education, schedule of expenses. | |
| 2-passport size photographs | |
| If the loan was taken out before then loan account statement for the last 1 year. | |
Co-applicant |
2-passport size photographs |
| If the loan was taken out before then loan account statement for the last 1 year. |
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Syndicate Bank: Takeover of Education Loan
An Education Loan is Transferable, it is basically a process of transferring high-interest debt from one lender to another lender and with a lower interest rate and better repayment policies.
The Syndicate Bank Takeover Of Collateralised Education Loans Scheme can be availed at an interest rate of 1Year MCLR + 1.50% spread. Syndicate Bank also gives a 0.50% concession in the interest rate for girls.
How To Apply For Syndicate Bank Education Loan
- Visit Dialabank for an education loan.
- Go to the Syndicate Bank Education Loan page.
- Check out all the eligibility and documents criteria for an education loan.
- Fill out all the details required in the Education Loan application form.
- Once done, our representative will soon contact you for a further stress-free process.
List of Approved Institutes
- Architecture college
- Law college
- Medical college
- Pharmacy college
- Engineering college
- Bio-technology
- college
- Management college
- Science, Commerce, and Arts college
- Physical education college
- B.ED college
