Looking for an Education Loan from CSB Bank?

Stop looking, you are at the right place. We summarise the information you may need to make a sensible and sound decision.

Education Loans from Catholic Syrian Bank

CSB Bank, formerly known as Catholic Syrian Bank, offers a wide range of education loans to different segments of the student population. These loans are aimed at providing financial support to deserving students for pursuing higher education in India and abroad. As of October 2020, CSB Bank offers three education loans, each for a particular student segment or purpose.

The three education loans from Catholic Syrian Bank are:

  1. CSB Vidhya Loan (for pursuing higher studies in India)
  2. CSB Study Abroad (for pursuing higher studies abroad)
  3. CSB Excellence (for studying in top-rated institutes)

In addition, the bank offers one Government of India Interest Subsidy Scheme on education loans.

We give you a brief intro to each below.

CSB Vidhya Loan (Higher Studies in India)

This study loan helps students finance their dreams of pursuing higher studies in India. The maximum loan amount for this loan is Rs. 10 lakh. Let’s look at its different features:

Features of CSB Vidhya Loan

Why this Loan?

  • The loan is meant to help students who have secured admission into a higher education course in a recognised institution in India through Entrance Test or Merit-based Selection Process
  • The maximum loan amount for this loan is Rs. 10 lakh. It is disbursed as a series of payments over the required number of years and not as a lump sum
  • The loan can be taken for all expenses directly related to the course including for fees, purchase of books, laptops, hostel fees, lab fees, examination fees, etc.
  • The repayment tenure for this loan is 15 years
  • The eligible courses include Graduate, Post Graduate, Professional and Vocational Courses
  • The historical interest rate range given by the bank for its Education Loan schemes is 12.00% to 14.50%. Please check with the bank to know the applicable interest rate on this loan scheme

CSB Study Abroad Education Loan Scheme (Higher Studies Abroad)

The CSB Study Abroad loan helps students who have gained admission into recognised educational institutions abroad to pay for their course fees and related expenses. The maximum loan amount that you can apply for is Rs. 30 lakh. Details are below.

Features of CSB Study Abroad Loan

Why this Loan?

  • The loan is meant for you if you have gained admission into a Bachelors, Masters, Doctorate (PhD) or a professional studies programme at a recognised institute abroad
  • The maximum loan amount that you can apply for is Rs. 30 lakh. This Catholic Syrian Bank Education loan is disbursed to the institution as required to pay the fees or other approved charges
  • The repayment tenure for this loan is 10 years
  • The eligible programmes include graduate, postgraduate and professional courses
  • The historical interest rate range given by the bank for its Education Loan schemes is 12.00% to 14.50%. Please check with the bank to know the applicable interest rate on this loan scheme

CSB Excellence Education Loan for Students of Top-Rated Institutes

This CSB Bank study loan is meant for students pursuing higher studies at premier institutes. It is best suited for students who need financial assistance in paying for course fees and related expenses. The maximum loan amount is capped at Rs. 20 lakh. Details are below.

Features of CSB Excellence Education Loan

Why this Loan?

  • The loan is meant for you if you have gained admission into a top-rated institution for higher studies on a merit-basis or after clearing an entrance exam
  • The maximum loan amount is capped at Rs. 20 lakh. This loan is disbursed to the institution as required to pay fees or other approved charges required to complete the course
  • The repayment tenure for this loan is 15 years
  • The eligible courses include graduate, postgraduate, professional and vocational courses
  • The historical interest rate range given by the bank for this loan scheme is 12.00% to 14.50%. Please check with the bank for details

CSB Bank Government of India Interest Subsidy Schemes

CSB Bank offers one Government of India Interest Subsidy Scheme on education loans for meritorious and deserving students. This schemes is:

  1. Central Sector Subsidy Scheme

Reference Facts:

  • CSB Bank Website: www.csb.co.in and www.csbnet.co.in (Net Banking)
  • Headquarters: Thrissur, Kerala
  • Call Centre Number: 1800 266 9090