Features & Benefits

Career Solutions Loan is aimed to provide financial assistance to the needy and deserving young people to pursue higher education, vocational training courses, Pilot trainings, skill up gradation, diploma or degree courses offered in aviation, hospitality and travel management, executive development etc.


Quicker processing and minimal paperwork
Loan can be availed for higher studies in India & Abroad excluding vocational training & skill development study courses.
Loan amount up to Rs.20 Lakhs for studies in India and up to Rs.25 Lakhs abroad
No security is needed for loan amount up to Rs 4 Lakhs. 
No repayment during Moratorium period
Repayment can be made in easy EMIs


How to apply ?

Who can apply?

  • Applicant should be an Indian citizen
  • Proof of admission to the proposed course/ programme
  • Age- Minimum 18 years & maximum 45 years
  • Net worth -Minimum double the loan amount (combined with co-obligants)

To avail the loan, you can choose any of these:

  1. Download the application form and submit it your branch
  2. Call our contact centre executives
  3. Please visit any of our branches

Documents Required

  • Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card) 
  • Address Proof  
  • Photograph of applicant & guardian
  • Mark list of qualifying examination
  • Proof of income of guardian
  • Details of admissible expenditure of course
  • Evidence for selection to the course of study

Terms and Conditions

Quantum of Finance

Quantum of finance is 75% of estimate

Other conditions

  • Age of guardian not to cross 60 during the currency of loan (if post retirement income justifies there is relaxation). If age crosses 60, an additional guarantor with same eligibility. Guardian can be father, mother, brother, sister, etc. 
  • Initial expenses will be released at the time of admission other exp at the beginning of each semester/year.
  • Cost of computer for home assignment also can be included.

Repayment conditions

  • Periodical interest should be serviced during the course period and subsequent cushion period.
  • The outstanding balance at the end of moratorium period shall be repaid in equated monthly instalments over a period of maximum 5 years.
  • If the borrower is discontinuing the educational programme, the loan shall be closed immediately.
  • Even if the student fails for the course and is not in a position to obtain degree or diploma within the period of completion of the course, the repayment of loan should be made.

Loan Period

Moratorium period – course period + 6 months or 3 months after getting job, whichever is earlier.
Repayment period – maximum 60 months
Maximum Loan period – 12 years


Parent / Guardian should join the loan documents in all cases as joint borrower. In case of married person joint borrowers can be either spouse/parents/parents-in-law.


Hypothecation of the assets/equipments such as computers, Camera etc procured through the loan proceeds. Loan amount shall be collaterally secured by any one or more of the following securities with stipulated margin:
Security Margin

Pledge of Bank's own deposit


NSC (Present Value) 


Units of UTI (US 64 & GUIS) value 


Shares/Debentures(quoted above par) 

50% (Present value or the average for the last twelve weeks whichever is lesser)

LIC (Surrender Value) 


Pledge of Gold ornaments of 22 Ct.fineness 

Equitable Mortgage of Land 50%


Repayment options

Repayment of the loan is made as Equated Monthly Installments (EMI).

You can use any one of the ways to repay the loan:

Interest Rates & Charges

Please visit the Interest Rates page for details.

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