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CSB Bank - Education Loan

PRIVATE BANKS

Collateral free loans available

Loan Margin : NIL

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7 days avg loan processing time

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Margin

NIL

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Collateral

Collateral free loans available

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Loan Tenure

Upto 15 Years

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Processing fee

0.5% to 1.0%

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Early Repayment

Yes(without any charges)

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Living Cost

Yes

Secured Loan

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Amount

Up To 2Cr

Un-Secured Loan

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Amount

Up To 65Lac

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UniCreds Guarantee

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Quick Loan Sanctions

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100% Transparency

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No Hidden Fees

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24x7 Support

Feature

The Catholic Syrian Bank (CSB) offers educational loans designed to support students in their pursuit of primary, advanced, and professional education. Some of the Catholic Syrian Bank education loan features are that applicants can secure a maximum loan amount starting from Rs. 10 lakhs up to Rs 30 lakhs based on their profile, with the bank offering a repayment duration of up to 15 years on a case-by-case basis. Students can also benefit from an interest subsidy scheme introduced by the Central Government, which provides a reduced interest rate on education loans. Currently, the standard interest rate for CSB education loans stands at approximately 12% for educational loans.

 

FeaturesEducation Loan Details
Loan amountUpto ₹2Cr (Collateral) Upto ₹65Lac (Without Collateral)
Margin moneyAs per COE
Processing fee0.5% to 1.0% + GST
Processing time7 Days 5 - 7 working days (Unsecured) 14 working days (Secured)
Loan tenure15 Years (up to)
Prepayment chargesNA
Repayment holidayPartial Interest during study
Countries coveredAll countries

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Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.

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Eligibility

Before knowing the application process, it's essential to understand if you meet the Catholic Syrian Bank education loan eligibility criteria set by the bank. Typically, they evaluate factors such as academic performance, course duration, and co-borrower details to assess an applicant's suitability.
 

Eligibility Criteria for the student

  • It depends upon the past academics of the student as well as the future university.


Eligibility Criteria for the co-applicant 

  • It requires 2 Years of Form 16/ITR, with a good CIBIL history.
TypeRequirement
Nationality & AdmissionApplicant must be an Indian resident and have secured admission in a recognised institution.
Age LimitNo age restrictions for education loans.
Collateral SecurityCollateral value must be 125% of the loan amount; acceptable collateral includes properties and fixed deposits.
Loan Amount LimitMaximum of Rs. 20 lakhs for both domestic and Rs. 30 lakhs international education.
Expenses CoveredLoan covers study fees, living expenses, accommodation, and other specified costs (varies based on applicant).
Co-Applicant OptionsCo-applicants can be parents, parents-in-law, siblings, or spouses.
Interest RateFor non-collateral loans, interest rates typically range between 12% to 15%, based on student profile.
Repayment DurationUp to 15 years for repayment, excluding any moratorium period.
Eligible CoursesEducation loans cover graduation, post-graduation, vocational courses, and certifications.
Interest SubsidyCentral Government offers an interest subsidy scheme for eligible candidates.
KYC RequirementsApplicants must comply with the bank's KYC policies and submit the necessary documentation.

Benefits

Competitive Interest Rates:
The Catholic Syrian Bank Education Loan interest rates are competitive, ensuring affordability and flexibility for borrowers.
Maximum Loan Amount:
Applicants can avail themselves of a loan amount from Rs. 10 lakhs to Rs. 30 lakhs, catering to various educational needs.
Extended Repayment Period:
With a generous repayment tenure of up to 15 years, students have ample time to repay the loan without feeling burdened.
Interest Subsidy Scheme:
Benefiting from the Central Government's interest subsidy scheme, students can access reduced interest rates, making repayment more manageable.
Flexible Eligibility Criteria:
The bank offers lenient eligibility criteria, considering factors such as academic performance and course duration, ensuring accessibility for a broader student base.

The Catholic Syrian Bank Education Loan offers numerous benefits that make it a preferred choice for students aspiring to pursue higher education. Here are some key advantages:
 

Benefits Of Getting Your Education Loan Through UniCreds

High Approval Chances:
When you opt for an education loan via UniCreds, your chances of getting approval rise significantly. Banks often decline applications due to missing paperwork or property-related issues. However, UniCreds promptly liaises with Catholic Syrian Bank to resolve any issues, ensuring a smoother process for you.
Digital Document Submission:
Through UniCreds, you can effortlessly upload all necessary documents online. Our platform ensures every vital document is included, and you'll receive timely updates via notifications.
Zero Charges:
Rest assured, all our services related to education loans come at no cost to you.
Comprehensive Financing:
Whether you opt for a collateral-backed or unsecured loan, you can access up to 100% financing. This ensures you're adequately covered for various expenses during your overseas education journey.
Adaptable Repayment Plans:
UniCreds offers the flexibility of repayment options tailored to individual needs. If you have specific preferences or requirements, reach out to us, and we'll connect you with our experts to explore the best solutions for you.

Get Guidance at every step of your loan application

We ensure 100% transparency throughout the education loan process.Our education loan counsellors will stay by your side every step of the way.

Need Guidance Faster? Call us at:

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18001217661

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Need Guidance Faster? Call us at:

phone

18001217661

How to Apply

If you are applying for a loan, you must understand how to apply for Catholic Syrian Bank education loan through UniCreds, as we help streamline the process. Check the same in the pointers below:
 

  • Once you confirm your qualifications, you have the option to fill out an online application or connect with our expert education loan advisors for a scheduled call back. 
  • These advisors can guide you through securing a Catholic Syrian Bank Education Loan, whether collateral-free or with collateral, tailored to your requirements. 
  • Upon receiving your profile details, our experts will meticulously evaluate them and suggest the most suitable steps based on your eligibility.
  • UniCreds facilitates a digital document submission system for students, eliminating the need to present papers at the bank physically and allowing you the ease of uploading from your residence.
  • UniCreds provides a tailored list of required documents based on your specific profile and loan type, streamlining the application procedure.

Looking forSparkLogoFaster and
streamlined Process?

100% Transparency

100% Free

unicreds

Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.

unicreds-scholar-girl

Documents

Securing an education loan involves a meticulous documentation process. From academic transcripts to income proofs and collateral details, the Catholic Syrian Bank mandates certain documents to validate your loan application's authenticity. Check some of the important documents required for Catholic Syrian Bank education loan in the table below:

 

TypeDocuments Required
For Borrowers1. Aadhar Card (First 8 numbers should be masked). 2. PAN card / Form-60 3. Mark sheets of SSC, HSC 4. Bachelor’s degree Mark sheets and Passing certificate. 5. Copy of Admission Letter from the Prospective Institute along with Fees Schedule. 6. Copy of Entrance test scorecard. 7. Application Form (duly filled, signed with place and date).
Proof of Income for co-applicantIf Salaried: 1. Latest 3 Months Salary Slips of the Parents and Latest Form No. 16. 2. Latest 6 months’ Salary Crediting Bank Account Statement. If Self Employed: 1. Latest 2 years Complete CA attested Audited ITRs filed regularly plus computation whose income is considered. 2. Balance Sheet and Profit and loss account with schedules if applicable. 3. Proof of Business - Shop Act, GST Registration Copy, SSI Registration, Udyog Aadhar etc. 4. TDS Certificates / Form 26 AS for the income declared in ITR. 5. Latest 6 months Business and Savings Account Bank Statement.
Collateral Loan1. Copy of the documents for the proposed collateral - Sale Deed, Previous Chain of Sale agreement (If applicable), OC Copy / Completion Certificate / Approved Plans, Commencement Certificate, Share Certificate etc. 2. Latest Maintenance Receipt/ Land Tax Receipt/ Building Tax Receipt. 3. Latest Utility Bill (Electricity, Post-paid Mobile , Gas, Telephone, Water Bill).
Proof of IdentityAcceptable documents include a Passport, PAN Card, Aadhaar Card, Voter's ID Card, or Driving License.
Residence ProofRequired documents encompass a Ration Card, Passport, or any other valid proof of residence.
Co-Applicant's Financial DocumentsFor co-applicants, salaried individuals need to provide bank account statements from the last 6 months. Self-employed individuals should present business transaction records for one year.
Additional RequirementsThe bank might ask for the education loan application form, proof of income, and any other specific documents based on their internal policies.

Loan Repayment

The Catholic Syrian Bank Education Loan repayment allows borrowers to commence either one year after finishing their course or within six months of gaining employment, depending on which comes first. The repayment duration spans up to 15 years, not accounting for any moratorium period. 

 

Typically, borrowers can settle the loan within a 5 to 7-year window after the initial repayment phase. Regarding interest rates, the bank levies approximately about 12% to 15%. For loans exceeding INR 4 lakhs, a processing fee is applicable. Furthermore, the bank presents three distinct education loan options: CSB Vidhya, CSB Excellence, and a Central Government-backed interest subsidy scheme. The account holder can avail of these schemes and their repayment would be based on the same. 

 

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The displayed EMI amount is approximate & is subject to change based on various factors.

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Principal Amount
1,600,000
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Total Interest
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Frequently Asked Questions

Collateral requirements vary based on the loan amount and tenure of the loan approved. This is calculated based on loan amount and course.
The Catholic Syrian Bank typically ensures a streamlined approval process, but timelines may vary based on individual cases.
Yes, students and their guardians may avail of certain tax benefits such as Section 80E. Consult UniCreds for personalised advice.
The minimum age to apply for a student loan at the Catholic Syrian Bank is 18 years of age. However, for international students and educational loans, there can be an exception of age based on the co-signee.
The interest rate for the CBS education loan typically ranges between 12% to 15%.