{"id":12387,"date":"2025-02-10T11:39:49","date_gmt":"2025-02-10T06:09:49","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=12387"},"modified":"2025-02-10T11:39:51","modified_gmt":"2025-02-10T06:09:51","slug":"saraswat-bank-education-loan","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/","title":{"rendered":"Saraswat Bank Education Loan: Easy Application Guide"},"content":{"rendered":"\n<p>Pursuing higher education, whether in India or abroad, comes with significant financial commitments. Saraswat Bank education loan provides students with the financial support they need to cover tuition fees, accommodation, and other academic expenses without burdening their families. With competitive interest rates and a repayment period of up to 15 years, this loan ensures that students can focus on their studies without financial stress.<\/p>\n\n\n\n<p>Whether you&#8217;re aiming for a top-tier university or a specialized vocational course, Saraswat Bank education loan offers funding of up to INR 1.5 crores. The application process is hassle-free, and eligible students can benefit from interest rate concessions, making higher education more accessible. Read on to explore eligibility criteria, interest rates, required documents, and step-by-step guidance on how to apply.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-overview-of-saraswat-bank-education-loan\" data-level=\"2\">Overview of Saraswat Bank Education Loan<\/a><\/li><li><a href=\"#h-saraswat-bank-education-loan-amount-amp-coverage\" data-level=\"2\">Saraswat Bank Education Loan Amount &amp; Coverage<\/a><\/li><li><a href=\"#h-saraswat-bank-education-loans-interest-rates\" data-level=\"2\">Saraswat Bank Education Loans Interest Rates<\/a><ul><li><a href=\"#h-interest-rate-concessions\" data-level=\"3\">Interest Rate Concessions<\/a><\/li><\/ul><\/li><li><a href=\"#h-security-and-collateral-requirements\" data-level=\"2\">Security and Collateral Requirements<\/a><\/li><li><a href=\"#h-saraswat-bank-education-loan-processing-fees\" data-level=\"2\">Saraswat Bank Education Loan Processing Fees<\/a><\/li><li><a href=\"#h-eligibility-criteria\" data-level=\"2\">Eligibility Criteria<\/a><\/li><li><a href=\"#h-documents-required\" data-level=\"2\">Documents Required<\/a><\/li><li><a href=\"#h-how-to-apply-for-a-saraswat-education-loan\" data-level=\"2\">How to Apply for a Saraswat Education Loan?<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-overview-of-saraswat-bank-education-loan\"><span id=\"overview-of-saraswat-bank-education-loan\">Overview of Saraswat Bank Education Loan<\/span><\/h2>\n\n\n\n<p>Saraswat Bank provides education loans to pursue higher studies in India as well as abroad. Aspiring students willing to pursue graduate, postgraduate and vocational courses can apply for the same. The maximum amount of loan offered to study abroad is up to INR 1.5 crores.<\/p>\n\n\n\n<p>Saraswat education loan can be repaid for up to 15 years including the moratorium period. The&nbsp;<a href=\"https:\/\/fly.finance\/blog\/education-loan\/what-is-moratorium-period-and-how-does-it-work\/\"><strong>moratorium period<\/strong><\/a>&nbsp;is the course duration + 1 year. Saraswat Bank education loan interest rates range from 9-10% p.a. A processing fee of 0.25% of the sanctioned loan amount or a maximum of INR 25,000 is charged, which is valid till 31st July 2024.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Maximum Loan Amount<\/strong><\/td><td>Up to INR 1.5 crores to study abroad<\/td><\/tr><tr><td><strong>Interest Rates<\/strong><\/td><td>9 to 10% p.a.<\/td><\/tr><tr><td><strong>Repayment Period<\/strong><\/td><td>15 years including the moratorium period<\/td><\/tr><tr><td><strong>Moratorium Period<\/strong><\/td><td>Course Duration + 1 year<\/td><\/tr><tr><td><strong>Processing Fee<\/strong><\/td><td>0.25% of the sanctioned amount, a maximum of INR 25,000<\/td><\/tr><tr><td><strong>Collateral Requirement<\/strong><\/td><td>Up to INR 5 lakhs- not required<br>Above INR 5 lakhs- required<\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/margin-money-in-education-loans\/\"><strong>Margin Money<\/strong><\/a><\/td><td>Up to INR 5 lakhs- 5% of the sanctioned loan amount (maximum INR 25,000)Above INR 5 lakhs- 2.5% of the loan amount (maximum INR 25,000)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-saraswat-bank-education-loan-amount-amp-coverage\"><span id=\"saraswat-bank-education-loan-amount-coverage\">Saraswat Bank Education Loan Amount &amp; Coverage<\/span><\/h2>\n\n\n\n<p>Saraswat Bank provides education loans based on the type of study program:<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>For Studies in India<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>General Courses: <strong>Up to INR 75 lakh<\/strong><\/li>\n\n\n\n<li>Medical Courses: <strong>Up to INR 1.5 crore<\/strong><\/li>\n\n\n\n<li>Vocational Courses: <strong>Up to INR 10 lakh<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>For Studies Abroad<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Maximum Loan Amount: <strong>Up to INR 5 crore<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Expenses Covered<\/strong><\/p>\n\n\n\n<p>The loan can cover:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>100% of course fees and other expenses<\/strong> (travel, lodging, boarding, and other academic-related costs).<\/li>\n\n\n\n<li><strong>85-90% of the face value of NSCs\/LIPs<\/strong> (whichever is lower).<\/li>\n\n\n\n<li><strong>100% of term deposits<\/strong> (whichever is lower).<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Loans based on income<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Salaried Parents\/Sponsors<\/strong>: Up to <strong>60 times their average net salary<\/strong>.<\/li>\n\n\n\n<li><strong>Business Owners<\/strong>: Up to <strong>6 times their average gross cash accruals<\/strong> (latest audited financials required).<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Loans backed by property as collateral<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Up to <strong>90% of the property\u2019s realizable value<\/strong> OR<\/li>\n\n\n\n<li><strong>75 times the average net salary of parents\/sponsors<\/strong> OR<\/li>\n\n\n\n<li><strong>5 times the latest audited gross cash accruals<\/strong><br><em>(Whichever is lower applies.)<\/em><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-saraswat-bank-education-loans-interest-rates\"><span id=\"saraswat-bank-education-loans-interest-rates\">Saraswat Bank Education Loans Interest Rates<\/span><\/h2>\n\n\n\n<p>Saraswat Bank education loans are offered at low and competitive floating interest rates. The effective interest rates range from 8.50% p.a. to 10% p.a. The Bank also offers a 0.50% concession to female students and Divyang. Check out the table given below for detailed interest rates-<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>Interest Rates<\/strong><\/td><\/tr><tr><td>General<\/td><td>10% (PLR- 5.70%)<\/td><\/tr><tr><td>For Female students and Divyang<\/td><td>9.50% (PLR- 6.20%)<\/td><\/tr><tr><td>For Premier Institutes<\/td><td>9.75% (PLR- 5.95%)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>PLR refers to the Prime Lending Rate. It is an interest rate at which leading commercial banks lend funds to the most creditworthy borrowers.<\/p>\n\n\n\n<p>The current PLR is 15.90% p.a (effective from August 8, 2024.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-interest-rate-concessions\"><span id=\"interest-rate-concessions\">Interest Rate Concessions<\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>0.50% concession<\/strong> for <strong>female students and Divyang<\/strong>.<\/li>\n\n\n\n<li><strong>0.25% concession<\/strong> for students at <strong>IIM, IIT, XLRI, ISB, and Govt-recognized medical colleges<\/strong>.<\/li>\n\n\n\n<li><strong>The total discount in ROI cannot exceed 0.50%<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-security-and-collateral-requirements\"><span id=\"security-and-collateral-requirements\">Security and Collateral Requirements<\/span><\/h2>\n\n\n\n<p>When applying for a Saraswat Bank education loan, loans up to INR 5 lakhs don&#8217;t require any collateral. However, education loans above IRN 5 lakhs must be backed by collateral. Check out the details below-<\/p>\n\n\n\n<p><strong>Loans up to INR 5 lakh<\/strong>: No collateral required. <br><strong>Loans above INR 5 lakh<\/strong>: Requires collateral. Accepted collaterals include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Pledge of <strong>tangible security acceptable to the bank<\/strong>, OR<\/li>\n\n\n\n<li><strong>Equitable mortgage of property<\/strong>, OR<\/li>\n\n\n\n<li><strong>NSC\/LIP pledged in favour of the bank<\/strong>, OR<\/li>\n\n\n\n<li><strong>Fixed deposits\/bonds as security<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-saraswat-bank-education-loan-processing-fees\"><span id=\"saraswat-bank-education-loan-processing-fees\">Saraswat Bank Education Loan Processing Fees<\/span><\/h2>\n\n\n\n<p>It is important to be aware of processing and legal fees when applying for Saraswat Bank education loans. Check out the processing fees, legal fees, and shareholding requirements below-<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Processing Fees<\/strong><\/p>\n\n\n\n<p>Processing fees are <strong>one-time charges<\/strong> collected by Saraswat Bank for processing the education loan application. These fees are <strong>non-refundable<\/strong>, even if the loan is not sanctioned.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Studies in India<\/strong>: <strong>0.50% of the loan amount<\/strong>, up to <strong>INR 5,000<\/strong>.<\/li>\n\n\n\n<li><strong>Studies Abroad<\/strong>: <strong>0.50% of the loan amount<\/strong>, up to <strong>INR 10,000<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Legal Fees<\/strong><\/p>\n\n\n\n<p>Legal fees cover the cost of verifying property documents, title searches, and other legal formalities associated with secured education loans. These fees are typically <strong>paid upfront<\/strong> and may vary depending on the loan amount.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>For loans up to<strong> INR 1.5 crore<\/strong>: <strong>At actuals<\/strong> + <strong>10% additional as a bank service charge<\/strong>.<\/li>\n\n\n\n<li>For loans above <strong>INR 1.5 crore<\/strong>: <strong>0.20% of the loan amount<\/strong> OR <strong>at actuals + 10% additional<\/strong>, whichever is higher.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Shareholding Requirement<\/strong><\/p>\n\n\n\n<p>Saraswat Bank requires borrowers to <strong>purchase shares<\/strong> in the bank as part of their cooperative banking policy. This is a <strong>one-time payment<\/strong> that serves as a nominal investment in the bank.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Loans <strong>up to INR 1 crore<\/strong>: INR 1,000<\/li>\n\n\n\n<li>Loans <strong>above INR 1 crore<\/strong>: INR 25,000<\/li>\n<\/ul>\n\n\n\n<p><strong>For example:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If a student borrows <strong>INR 80 lakh<\/strong>, they must purchase Saraswat Bank shares worth <strong>INR 1,000<\/strong>.<\/li>\n\n\n\n<li>If a student borrows more than <strong>INR 1.5 crore<\/strong>, they must purchase Saraswat Bank shares worth <strong>INR 25,000<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-criteria\"><span id=\"eligibility-criteria\">Eligibility Criteria<\/span><\/h2>\n\n\n\n<p>An individual is eligible to apply for a Saraswat Bank education loan only if they fulfil the basic&nbsp;<a href=\"https:\/\/fly.finance\/blog\/education-loan\/eligibility-criteria-for-education-loans\/\"><strong>eligibility criteria for education loans<\/strong><\/a>&nbsp;laid by the bank. The basic criteria is that the individual must be an Indian citizen. They should have secured admission through fair means, either through merit-basis or entrance examinations.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Must be an <strong>Indian citizen<\/strong>.<\/li>\n\n\n\n<li>Must have secured admission to a <strong>graduate or postgraduate course<\/strong> in an <strong>IBA-approved<\/strong> college, university, or institute.<\/li>\n\n\n\n<li><strong>Vocational courses<\/strong> are also covered under this scheme, with a maximum loan amount of <strong>INR 10 lakh<\/strong>.<\/li>\n\n\n\n<li>The <strong>student is the primary applicant<\/strong>, while <strong>parents, sponsors, or relatives<\/strong> act as co-applicants.<\/li>\n\n\n\n<li>If the student is a <strong>minor<\/strong>, the parent will be the applicant, with an <strong>undertaking<\/strong> that the student will be added as a guarantor after attaining majority\/before the parent&#8217;s retirement.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-documents-required\"><span id=\"documents-required\">Documents Required<\/span><\/h2>\n\n\n\n<p>Applicants must keep the&nbsp;<a href=\"https:\/\/fly.finance\/blog\/education-loan\/documents-required-for-education-loan\/\"><strong>documents required for education loans<\/strong><\/a>&nbsp;ready. Always ensure submitting&nbsp;<a href=\"https:\/\/fly.finance\/blog\/education-loan\/bonafide-certificate-for-education-loan\/\"><strong>bonafide certificates<\/strong><\/a>&nbsp;and original documents to ensure quicker and hassle-free processing of student loans. Here\u2019s the list of documents required for Saraswat Bank education loans-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Duly filled education loan application form<\/li>\n\n\n\n<li>Latest Photographs<\/li>\n\n\n\n<li>Aadhaar Card\/ Voter ID\/ PAN Card as photo identity and residence proof of the Applicant and Guarantors<\/li>\n\n\n\n<li>Proof of confirmed admission &amp; Estimate of course fees &amp; other expenses (travelling\/ lodging\/ boarding)<\/li>\n\n\n\n<li>Fee receipts or proof of payments made.<\/li>\n\n\n\n<li>Copy of Passport &amp; Visa and related documents, if the student is going abroad for higher education.<\/li>\n\n\n\n<li>Income proof of the co-applicant-\n<ul class=\"wp-block-list\">\n<li><strong>Salaried:<\/strong>&nbsp;last 3 months\u2019 salary slip\/certificate or copy of the last three years IT returns or form 16 of last two years, 3-month bank statement.<\/li>\n\n\n\n<li><strong>Businessman:<\/strong>&nbsp;last 3 years\u2019 profit &amp; loss and balance sheet, ITR copies of last three years, 3 month bank statement.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-apply-for-a-saraswat-education-loan\"><span id=\"how-to-apply-for-a-saraswat-education-loan\">How to Apply for a Saraswat Education Loan?<\/span><\/h2>\n\n\n\n<p>Applicants can easily apply for Saraswat education loans online. Their minimal documentation and hassle-free application process make it very easy for borrowers to apply for loans. Follow these steps-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Visit the official website of Saraswat Bank.<\/li>\n\n\n\n<li>Navigate to \u2018Personal\u2019 and click on \u2018Retail Loans\u2019.<\/li>\n\n\n\n<li>Click on \u2018Education Loans\u2019.<\/li>\n\n\n\n<li>Now, click on \u2018Saraswat Education Loans\u2019.<\/li>\n\n\n\n<li>Scroll down and click on \u2018Apply Now\u2019.<\/li>\n\n\n\n<li>Fill in the given details and \u2018Submit\u2019.<\/li>\n\n\n\n<li>Wait for the bank representative to connect with you.<\/li>\n<\/ul>\n\n\n\n<p>To sum up, Saraswat Bank education loans provide a financially flexible and student-friendly way to fund higher education in India and abroad. With competitive interest rates, repayment options up to 15 years, and special concessions for girl students and Divyang, the loan ensures affordability for aspiring students. The simple online application process, along with minimal documentation, makes it easier to secure funding without unnecessary hassle.<\/p>\n\n\n\n<p>If you&#8217;re planning to study at a reputed institution and need financial assistance, Saraswat Bank education loans can be a reliable solution. Before applying, ensure you meet the eligibility criteria and have all required documents ready for a smooth loan approval process.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1715946860504\"><strong class=\"schema-faq-question\"><strong>What is the maximum loan amount for an education loan in Saraswat Bank?<\/strong><\/strong> <p class=\"schema-faq-answer\">Saraswat Bank education loans are offered up to INR 1.5 crores to study abroad at competitive interest rates. The loan amount helps applicants to cover their tuition fees, accommodation expenses, and other miscellaneous expenses like purchasing gadgets to support higher studies.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1715946862620\"><strong class=\"schema-faq-question\"><strong>What is the Saraswat Bank education loan Interest Rates?<\/strong><\/strong> <p class=\"schema-faq-answer\">Saraswat Bank education loan interest rates range from 8.50% to 10% p.a. based on the applicant&#8217;s CIBIL score. Female students and Divyang receive a 0.50% concession, while students in IIM, IIT, XLRI, ISB, and government-recognized medical colleges get a 0.25% concession.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739167143559\"><strong class=\"schema-faq-question\">Is there any special benefit for girl students applying for a Saraswat Bank education loan?<\/strong> <p class=\"schema-faq-answer\">Yes, Saraswat Bank offers a 0.50% interest rate concession for girl students to encourage higher education among women.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1715946863627\"><strong class=\"schema-faq-question\"><strong>Who is eligible to apply for a Saraswat education loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">To be eligible for a Saraswat Bank education loan, the applicant must be:<br\/>&#8211; An Indian citizen.<br\/>&#8211; Admitted to a graduate\/postgraduate course in an IBA-approved institute.<br\/>&#8211; Applying with parents\/relatives as co-applicants.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1715946864432\"><strong class=\"schema-faq-question\"><strong>What documents are required for Saraswat education loans?<\/strong><\/strong> <p class=\"schema-faq-answer\">Basic documents required for Saraswat Bank education loans are a duly filled education loan application form, the latest photographs, an Aadhaar Card\/ Voter ID\/ PAN Card, academic mark sheets, proof of confirmed admission, and an estimate of course fees &amp; other expenses.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1715946982071\"><strong class=\"schema-faq-question\"><strong>How can I apply for a Saraswat Bank education loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">Applicants can apply for a Saraswat Bank education loan online by visiting the official website, navigating to the Education Loan section, and clicking \u2018Apply Now\u2019. After submitting the form, a bank representative will contact them for further processing.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739167121268\"><strong class=\"schema-faq-question\">Can I get a Saraswat Bank education loan without collateral?<\/strong> <p class=\"schema-faq-answer\">Yes, Saraswat Bank offers education loans up to INR 5 lakh without collateral. For loans above this amount, tangible security like property, fixed deposits, or bonds is required.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739167133224\"><strong class=\"schema-faq-question\">Does Saraswat Bank offer an education loan EMI calculator?<\/strong> <p class=\"schema-faq-answer\">Yes, Saraswat Bank provides an education loan EMI calculator on its official website. Applicants can use it to estimate their monthly EMI based on the loan amount, interest rate, and tenure.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739167162140\"><strong class=\"schema-faq-question\">What is the Saraswat Bank education loan contact number?<\/strong> <p class=\"schema-faq-answer\">For inquiries about Saraswat Bank education loans, applicants can contact the Saraswat Bank customer service at their official helpline or visit the nearest branch. The latest contact details can be found on their official website.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739167212807\"><strong class=\"schema-faq-question\">What are the Saraswat Bank education loan requirements?<\/strong> <p class=\"schema-faq-answer\">Key requirements include:<br\/>&#8211; Duly filled application form<br\/>&#8211; Identity proof (Aadhaar, PAN, Voter ID)<br\/>&#8211; Proof of admission and course fee details<br\/>&#8211; Income proof of co-applicant (salary slips\/ITR)<br\/>&#8211; Collateral documents (if applicable)<\/p> <\/div> <\/div>\n\n\n\n<p>This was all about Saraswat Bank education loan for abroad studies. To know more about&nbsp;<a href=\"https:\/\/fly.finance\/blog\/education-loan\/\"><strong>education loans<\/strong><\/a>, the best&nbsp;<a href=\"https:\/\/fly.finance\/blog\/student-account\/\"><strong>bank accounts for students<\/strong><\/a>, forex and banking experience for global students or&nbsp;<a href=\"https:\/\/fly.finance\/blog\/money-transfer\/\"><strong>international money transfers<\/strong><\/a>, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background\"><tbody><tr><td colspan=\"2\"><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/scholarships\/phd-funding-in-france\/\"><strong>PhD Funding in France for International Students<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/student-account\/sbi-zero-balance-account\/\"><strong>SBI Zero Balance Account: Features, 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c0,1.424,0.724,2.679,1.825,3.415c-0.673-0.021-1.305-0.206-1.859-0.513c0,0.017,0,0.034,0,0.052c0,1.988,1.414,3.647,3.292,4.023 c-0.344,0.094-0.707,0.144-1.081,0.144c-0.264,0-0.521-0.026-0.772-0.074c0.522,1.63,2.038,2.816,3.833,2.85 c-1.404,1.1-3.174,1.756-5.096,1.756c-0.331,0-0.658-0.019-0.979-0.057c1.816,1.164,3.973,1.843,6.29,1.843 c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Pursuing higher education, whether in India or abroad, comes with significant financial commitments. Saraswat Bank education loan provides students with the financial support they need to cover tuition fees, accommodation, and other academic expenses without burdening their families. With competitive interest rates and a repayment period of up to 15 years, this loan ensures that &#8230; <a title=\"Saraswat Bank Education Loan: Easy Application Guide\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/\" aria-label=\"Read more about Saraswat Bank Education Loan: Easy Application Guide\">Read more<\/a><\/p>\n","protected":false},"author":29,"featured_media":17539,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-12387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Saraswat Bank Education Loan<\/title>\n<meta name=\"description\" content=\"Looking for an education loan? 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I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.","sameAs":["https:\/\/www.facebook.com\/shubhika.garg\/","https:\/\/www.instagram.com\/shubhika.garg\/","https:\/\/www.linkedin.com\/in\/shubhikagarg71\/","https:\/\/www.tumblr.com\/blog\/shubhikahere"],"url":"https:\/\/fly.finance\/blog\/author\/shubhika\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1715946860504","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1715946860504","name":"What is the maximum loan amount for an education loan in Saraswat Bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Saraswat Bank education loans are offered up to INR 1.5 crores to study abroad at competitive interest rates. The loan amount helps applicants to cover their tuition fees, accommodation expenses, and other miscellaneous expenses like purchasing gadgets to support higher studies.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1715946862620","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1715946862620","name":"What is the Saraswat Bank education loan Interest Rates?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Saraswat Bank education loan interest rates range from 8.50% to 10% p.a. based on the applicant's CIBIL score. Female students and Divyang receive a 0.50% concession, while students in IIM, IIT, XLRI, ISB, and government-recognized medical colleges get a 0.25% concession.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1739167143559","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1739167143559","name":"Is there any special benefit for girl students applying for a Saraswat Bank education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, Saraswat Bank offers a 0.50% interest rate concession for girl students to encourage higher education among women.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1715946863627","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1715946863627","name":"Who is eligible to apply for a Saraswat education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"To be eligible for a Saraswat Bank education loan, the applicant must be:<br\/>- An Indian citizen.<br\/>- Admitted to a graduate\/postgraduate course in an IBA-approved institute.<br\/>- Applying with parents\/relatives as co-applicants.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1715946864432","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1715946864432","name":"What documents are required for Saraswat education loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Basic documents required for Saraswat Bank education loans are a duly filled education loan application form, the latest photographs, an Aadhaar Card\/ Voter ID\/ PAN Card, academic mark sheets, proof of confirmed admission, and an estimate of course fees &amp; other expenses.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1715946982071","position":6,"url":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1715946982071","name":"How can I apply for a Saraswat Bank education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Applicants can apply for a Saraswat Bank education loan online by visiting the official website, navigating to the Education Loan section, and clicking \u2018Apply Now\u2019. After submitting the form, a bank representative will contact them for further processing.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1739167121268","position":7,"url":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1739167121268","name":"Can I get a Saraswat Bank education loan without collateral?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, Saraswat Bank offers education loans up to INR 5 lakh without collateral. For loans above this amount, tangible security like property, fixed deposits, or bonds is required.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1739167133224","position":8,"url":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1739167133224","name":"Does Saraswat Bank offer an education loan EMI calculator?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, Saraswat Bank provides an education loan EMI calculator on its official website. Applicants can use it to estimate their monthly EMI based on the loan amount, interest rate, and tenure.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1739167162140","position":9,"url":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1739167162140","name":"What is the Saraswat Bank education loan contact number?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"For inquiries about Saraswat Bank education loans, applicants can contact the Saraswat Bank customer service at their official helpline or visit the nearest branch. The latest contact details can be found on their official website.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1739167212807","position":10,"url":"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/#faq-question-1739167212807","name":"What are the Saraswat Bank education loan requirements?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Key requirements include:<br\/>- Duly filled application form<br\/>- Identity proof (Aadhaar, PAN, Voter ID)<br\/>- Proof of admission and course fee details<br\/>- Income proof of co-applicant (salary slips\/ITR)<br\/>- Collateral documents (if applicable)","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/12387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=12387"}],"version-history":[{"count":2,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/12387\/revisions"}],"predecessor-version":[{"id":17540,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/12387\/revisions\/17540"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/17539"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=12387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=12387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=12387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}