Education is the foundation of a brighter future, and SRIMAAN CO - OPERATIVE CREDIT UNION (QUASI BANKING) . is proud to support students in achieving their academic dreams through our Educational Loan Scheme. Whether it's for higher studies in India or abroad, we provide financial assistance to ensure that no deserving student is deprived of quality education due to financial constraints.

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Purpose:

To provide financial support for students pursuing:

Professional or technical courses in recognized institutions in India or abroad

Graduation, post-graduation, diploma, or certificate courses approved by competent authorities

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Eligible Applicants:

Indian nationals who have secured admission to recognized educational institutions

Parent(s) or guardian(s) to act as co-borrower(s)

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Loan Amount:

For studies in India: Up to ₹10 lakhs

For studies abroad: Up to ₹20 lakhs

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Interest Rate:

Attractive and competitive interest rates

Concessions for meritorious students (subject to bank's policy)

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Repayment:

Easy repayment in Equated Monthly Installments (EMIs) after course completion

Repayment to begin 6 months after getting a job or 1 year after course completion, whichever is earlier

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Security:

Loan amount up to ₹4 lakhs - No collateral required

Above ₹4 lakhs - Suitable collateral or third-party guarantee as per bank norms

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Key Benefits:

Quick and transparent processing

Minimal documentation

Flexible repayment options

Dedicated support for students and parents