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Education Bank Loan in India : Lakshmi Vilas Bank

To meet expenses connected with the pursuit of higher secondary education, specific courses of study at recognized institutions, including professional/job-oriented courses, which offer reasonable opportunity for employment & loan repayment capacity on successful completion.



The purpose of this is to meet the operating cost related with the searching of higher secondary education, courses recognized by the institutions containing job oriented, professional courses which offer opportunities for the employment & capacity of repayment of loan on successful completion of the course.

Details of Loan


  • Maximum loan amount is Rs. 25,000/- for higher secondary education.
  • Maximum loan amount is Rs.7.50 Lacs for studies in India
  • Maximum loan amount is Rs.15 Lacs for studies in Abroad


  • No margin for the amount up to Rs. 4 Lakh.
  • The minimum margin is 5 percent on the amount above Rs.4 lakh to studies in India
  • Minimum margin is 15 percent for studies abroad.


  • No security is needed up to Rs. 4 lakh.
  • For loans amount greater than Rs.4.00 lacs, collateral security having value equal to 100 percent of the amount of loan. Third person's guarantee is also consider whose worth equal to 200 percent of the amount of loan or combination of both.


The maximum period is 84 months after initiating the repaid. Repayment period is course period + 1 year or the 6 months after getting the job, whichever is earlier.

Details & Contact

Administrative Office
Lakshmi Vilas Bank,
Salem Road,
Karur 006
Tamil Nadu
Phone - 04324 - 220051/52/53/54/55/56/57/58/59/60
Fax - (04324) 220068 / 220069
Toll Free No. - 1800-425-2233
Website -

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