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South Indian Bank Education Loan

South Indian Bank offers a number of tailor-made education loans for studies in India and abroad. These loans, with competitive interest rates, ranging from repo rate+ 4.74% p.a. to repo rate+11.41% p.a., make the goal of quality higher education achievable for students from diverse backgrounds. The bank offers loans for courses ranging from professional to skill development.

Updated On - 06 Sep 2025
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South Indian Bank Education Loan Interest Rates

The interest rates for education loans from South Indian Bank are as follows:

Schemes 

Maximum Loan Amount 

Interest Rates (p.a.) 

SIB Vitjnan Pradhan Scheme 

  1. Domestic courses: Rs.10 lakh
  2. Overseas courses: Rs.20 lakh 

repo rate+4.74% onwards

SIB Excellence 

Rs.25 lakh 

repo rate+ 4.76% to repo rate+ 5.11% p.a.

SIB Edusum 

Rs.10 lakh 

repo rate+10.91% p.a. to repo rate+11.41% p.a.

SIB Global Education 

Rs.1.5 crore 

repo rate+4.00% p.a. to repo rate+6.04% p.a.

SIB Skill Loan 

Rs.1.5 lakh 

Contact the bank 

South Indian Bank Education Loan

Compare South Indian Bank Education Loan Schemes for Students

1. SIB Vitjnan Pradhan Scheme

  1. Interest rate: repo rate+4.74% onwards
  2. Processing fees: None
  3. Collateral: None for loans up to Rs.4 lakh
  4. Loan Tenure: 15 years with moratorium of one year
  5. Eligibility: Indian nationals or Non-Resident Indians (NRIs) with Indian passports for admission into undergraduate, postgraduate, and diploma courses in India or abroad
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2. SIB Excellence

  1. Interest rate: repo rate+4.76% p.a. to repo rate+ 5.11% p.a.
  2. Processing fees: None
  3. Collateral: None
  4. Loan Tenure: 15 years after moratorium period
  5. Eligibility: Indian nationals or NRIs with Indian passports who are meritorious students getting admission into premier professional colleges in India

3. SIB Edusum

  1. Interest Rate: repo rate+10.91% p.a. to repo rate+ 11.41% p.a.
  2. Processing fees: None
  3. Collateral: None for loans up to Rs.1 lakh
  4. Loan Tenure: 15 years after moratorium period
  5. Eligibility: Indian nationals or Non-Resident Indians (NRIs) with Indian passports for admission into undergraduate, postgraduate, and diploma courses inside or outside Kerala under management quota through entrance exams or through merit
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4. SIB Global Education

  1. Interest Rate: repo rate+4.00% p.a. to repo rate+6.04% p.a.
  2. Processing Fees: 1% of loan amount
  3. Collateral: 100% collateral covering loan and funded interest amount
  4. Loan Tenure: Up to 15 years
  5. Eligibility: Indian nationals or Non-Resident Indians (NRIs) with Indian passports for admission into undergraduate, postgraduate, diploma, and PhD. courses which are full-time as well as skill-development courses with duration exceeding one year

5. SIB Skill Loan

  1. Interest Rate: Contact the bank
  2. Processing fee: None
  3. Collateral: None
  4. Loan Tenure: 7 years after moratorium period
  5. Eligibility: Indian nationals for polytechnic, ITI, and vocational courses
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South Indian Bank Education Loan EMI Calculator

South Indian Bank's education loan EMI calculator will help you to understand exactly how much your Equated Monthly Instalment (EMI) will be. This is essential to plan ahead for your expenses and savings while ensuring that your EMIs will be paid on time.

The EMI calculator is an online free tool that is easy to use. All you have to do is input data points relating to your loan amount, interest rate, and repayment tenure. A detailed amortisation table will be instantly generated and displayed on the screen.

To show this with an example:

Let's assume that you have taken an education loan from South Indian Bank for an amount of Rs.20 lakh for a tenure of 15 years with an interest rate of 7.70% p.a. Your EMI will be as follows:

  1. Equated Monthly Instalment (EMI): Rs.18,768
  2. Total interest due: Rs.13,78,290
  3. Total amount payable: Rs.33,78,290

The amortisation table for the above-mentioned loan will look like this:

Principal Paid(A)1

Interest Paid(B)

Total Payment (A+B)

Outstanding Loan Balance

54,807

1,14,108

1,68,915

19,45,194

78,161

1,47,060

2,25,221

18,67,034

84,397

1,40,826

2,25,223

17,82,639

91,128

1,34,092

2,25,220

16,91,512

98,397

1,26,822

2,25,219

15,93,114

1,06,247

1,18,972

2,25,219

14,86,867

1,14,723

1,10,497

2,25,220

13,72,144

1,23,877

1,01,343

2,25,220

12,48,268

1,33,757

91,462

2,25,219

11,14,510

1,44,428

80,790

2,25,218

9,70,082

1,55,951

69,268

2,25,219

8,14,131

1,68,391

56,828

2,25,219

6,45,739

1,81,826

43,393

2,25,219

4,63,914

1,96,332

28,890

2,25,222

2,67,583

2,11,993

13,227

2,25,220

55,590

55,590

716

56,306

0

18,412

357

18,769

37,178

18,530

239

18,769

18,648

18,648

120

18,768

0

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How to Apply for South Indian Bank Education Loan

You can apply for a South Indian Bank education loan by visiting the nearest branch of the bank.

Documents Required for South Indian Bank Education Loan Application

These are the documents you would need to submit to complete your application for an education loan from South Indian Bank.

  1. Proof of identity
  2. Proof of address
  3. PAN card of student
  4. PAN card of parents
  5. Mark list of qualifying examination
  6. Admission letter from educational institution
  7. Score card of qualifying examination
  8. Approval and affiliations of the course
  9. Fee structure
  10. Property-related documents

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FAQs on South Indian Bank Education Loan

  • What is the minimum margin for an education loan amount of Rs.4 lakh provided by South Indian Bank?

    There is no margin for a loan amount up to Rs.4 lakh provided by South Indian Bank.

  • What is the maximum amount of loan that can be availed through SIB-Excellence education loan scheme?

    A maximum amount of Rs.25 lakh can be availed through SIB-Excellence education loan scheme.

  • What is the preferable mode of payment to colleges under the SIB-Excellence Scheme?

    The preferable mode of payment to colleges under the SIB-Excellence Scheme is through Real Time Gross Settlement (RTGS) systems.

  • What is the repayment schedule for the South Indian Bank education loan?

    The repayment starts one year  after the completion of the course or six months of employment, whichever is earlier.

  • What is the maximum tenure that can be availed to repay the education loan?

    A Maximum of 15 years can be availed to repay the South Indian Bank education loan amount.

  • Can a minor apply for a South Indian Bank education loan?

    Yes, a minor is eligible to apply for a South Indian Bank education loan.

  • What is the age limit to apply for SIB EDUSUM?

    The age limit to apply for SIB EDUSUM is 25 years for graduate level and 30 years for PG.

  • Do female applicants get any concessions on the SIB Global Education Scheme?

    Yes, female applicants get a concession of 0.50% on the SIB Global Education Scheme

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