Advances



Education Loan


  • Education Loan
  • Terms & Conditions

Education Loan (Domestic)

Instalment 150
Maximun Amount Rs.10,00,000.00
Rate Of Interest(01.03.18) 8.25% p.a
Other Information Demand Draft for the Fee Amount will be drawn in favour of the Educational Institution.
Fee Paid receipt to be submitted to the Bank within 15 days from the date of Sanction of Loan. Loan can be availed for two children only.

Education Loan (Foreign)

Instalment 150
Maximun Amount Rs.10,00,000.00
Rate Of Interest(01.03.18) 9.50% p.a


Click here for the List of Documents to be Produced

List of documents to be submitted to the bank within 30 days from sanction of loan



  • Latest Salary Slip should be attached.
  • Loans are subject to availability of Funds.
  • Loans will not be sanctioned for 1st 4 working days of the month.
  • Loans sanctioned based on repayment capacity of the member.
  • Loanee shall produce Surety / Co-Obligant who is not a defaulter.
  • A member can stand surety
    • Maximum 2 Personal Loans.
    • Maximum 2 Short Term loans.
    • 2 any other loans (but the member cannot stand surety for 2 housing scheme).
  • The Credit worthiness of the Surety also considered at the time of sanctioning of Loan.
    • MTS member can stand surety upto Clerk / Typist.
    • Clerk / Typist Cadre can stand surety upto Senior Accountants / Senior Auditors.
    • Senior Accountants / Senior Auditors can stand surety to any member.
  • If a loanee is transferred / goes on deputation, member shall submit 6 post dated cheques and one cheque for the outstanding amount along with the consent from the surety.
  • For Availing Housing Loans, Member should have completed 5 years of service, 1 yr of membership in Bank and should have a minimum of 3 yrs of service left prior to retirement.
  • All loans should be cleared three months prior to retirement.