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Education Loans

Secure your future

with the best qualification

Education is the stepping stone for a better future. Be it your own studies or the education of your child, we will take over the funding of registration fees, tuition fees and examination fees.


The Essentials

  • Adequate funding for your need

  • Competitive low interest rates

  • You can draw funds when you require to pay your fees


We will assist your quest for excellence by perusing higher education for yourself or your children. Education Loans from Commercial Bank will finance the course fee inclusive of examination charges pertaining to local or overseas education.


Benefits of Education Loans

Loans available for both local and foreign education.

Competitive pricing.

Loans will be directly disbursed to the educational institution as per the fee structure.

Faster approval.



If you are a student registered with an education course provider, you can apply for a Education Loan.

Non employed applicants :

You can apply jointly with your parent, guardian or spouse who is eligible as a co borrower.You should be above the age of 18 years.

Employed applicants :

Permanent employees of a reputed company with a minimum monthly salary of Rs. 30,000/- (Basic Salary+ Fixed Allowances) and a minimum service of 01 year in the current employment can apply under this category. You should be between 18 to 55 years of age.

Self employed professionals :

Professionally qualified individuals employed in their chosen field of profession with a minimum monthly salary of Rs. 50,000/-. You should be between 18 to 60 years of age


Loan amount

You can get a loan up to 75% of the total course fee (inclusive of Examination Charges).

Maximum loan amount - Rs. 5,000,000/-

Minimum loan amount - Rs. 100,000/-


Documents required

  • Completed Loan application form.

  • Letter from Education provider confirming the studentship, the Course Fee Schedule and Course Duration from the education provider.

  • Recent salary slips or documents detailing the income of the Borrower/Co-Borrower.

  • Letter of undertaking from the employer to remit the applicant's salary to the Commercial Bank Account- (Applicable only if Student/co-borrower is employed).

  • Evidence of Permanent Residence (Utility bills, Bank Statements etc.).


Disbursement of the loan

Your loan will be disbursed on staggered basis, based on the Course fee schedule, directly to the education institute.


Repayment period

Maximum repayment period will be 10 years. You have the option of choosing equated monthly instalments or reducing balance instalment method.

Interest rate applicable for Education Loans will be the Fixed Interest rate throughout the loan period.

Interest rate for each loan amount disbursed according to the payment schedule of the educational institute, will be based on the Interest rate prevailing at the point of disbursement .


Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.

Apply for a loan

Who can apply 

If you are a self employed professional, non employed or employed student registered with an education course provider, you can apply for a Education Loan.


How to apply

  • Download application form and submit the filled form to any Commercial Bank branch 
  • You can also visit a branch of your choice to apply for the loan

Apply now