Details Secured Loan Unsecured Loan
Interest Rate (Disbursed on/after 1st May 2024)

11.50% (from 1st Sep 2024)

11.30% (from 1st May 2024)

11.50% (from 1st Sep 2024)

11.30% (from 1st May 2024)
Interest Rate (Disbursed before 1st May 2024)

15.25% (from 11th Mar 2024)

15.00% (from 22nd Dec 2023)

15.25% (from 11th Mar 2024)

15.00% (from 22nd Dec 2023)
Loan Tenure Up to 13 years Up to 13 years
Maximum Loan Amount Up to ₹200 lakhs Up to ₹85 lakhs
Collateral Requirement Property or Fixed Deposit Not required
Moratorium Period Covers the entire course duration, plus up to 12 months as a grace period Covers the entire course duration, plus up to 12 months as a grace period
Margin No margin for premier institutes. For other institutes, you pay 15% of the total cost from your own funds No margin for premier institutes. For other institutes, you pay 15% of the total cost from your own funds