Educational Loan

At Manav Rachna, we are dedicated to supporting our students' academic endeavors by providing access to both short-term and long-term education loan assistance. Recognizing that financing education can be challenging, we have partnered with top banks to offer a range of education loan options. These loans can cover tuition, fees, accommodation, and other academic expenses. Many banks provide favorable terms, such as lower interest rates and flexible repayment plans, making it easier for students to manage their education costs.

How it Works

Students are free to choose any bank for their education loan. However, we have established partnerships with a selection of banks to simplify the loan application process.

Illustrative List of Papers / Documents Required for Education Loan

Loan application form
10th marksheet and 10+2 marksheet
Graduation Marksheet
Age proof (Applicant & Co-applicant)
Residence Proof
Income Proof: ITR /Form 16 (2 years for service person 3 years for business man)
Photo (1 +1)
Admission Letter
Fee Schedule
Prospectus /Admission Brochure
3 months salaries slip(In case the guardian is working)
12 months bank statement
List of assets & liability

* Further documents as required by respective banks/NBFC’s.

Please note that the loan approval process is subject to the policies and guidelines of the partner banks and Manav Rachna has no role to play in approval or rejection of your loan application.

Our Partners

ICICI Bank
PNB Bank
Bank of Baroda

Next Steps

If you're interested in exploring education loan options & the student / parent / guardian requires any further clarification, assistance or guidance, the below mentioned official could be contacted

About PM-Vidyalaxmi Scheme

The Union Cabinet on 6th November 2024 approved “Pradhan Mantri Vidyalaxmi” (PM-Vidyalaxmi), a Central Sector Scheme to financial support to meritorious students so that financial constraints do not prevent any youth of India from pursuing quality higher education Click here to Download Brochure

Punjab National Bank (PNB) offers education loan support through the Vidyalakshmi Scheme, enabling students to access financial assistance for higher education - click here for details

For more information refer to Scheme Page from Ministry of Education