Empowering Your Future
Fuel Your
Aspirations With an
Education Loan
Secure your educational journey with zero-friction financial solutions from Meghalaya Rural Bank. Study in India or abroad with competitive interest rates and flexible repayment plans.
Apply Now
Why Choose Our
Education Loan?
We understand that education is an investment for life. Experience uncompromised support tailored to help you launch your career seamlessly.
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Higher education in India.
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Higher education abroad.
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Tuition fees.
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Examination/lab/library fees.
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Hostel/lodging expenses.
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Books and equipment.
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Computer/equipment required for studies.
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Eligible travel expenses for studies abroad.
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Other eligible course-related expenses.
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Indian nationals.
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Admission to eligible recognised course/institution.
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Admission through merit/entrance route as applicable.
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No specific minimum age restriction under cited scheme.
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Parent/guardian normally joins as joint borrower.
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Married student may have spouse/parents/parents-in-law as joint borrower.
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Up to ₹4 lakh – 11.00% p.a.
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Above ₹4 lakh to ₹10 lakh – 11.00% p.a.
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Above ₹10 lakh to ₹25 lakh – 11.00% p.a.
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Above ₹25 lakh – 13.00% p.a.
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1% concession may be available where interest is serviced during study/moratorium, subject to conditions.
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No prepayment penalty.
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KYC documents.
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Last qualifying examination marksheets.
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Admission/selection letter.
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Fee structure.
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Course details/prospectus.
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Parent/co-borrower income proof.
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Bank statements.
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Passport/visa for studies abroad, where applicable.
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Other course-specific documents.
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Up to ₹15 lakh for studies in India under cited scheme guidelines.
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Up to ₹40 lakh for studies abroad under cited scheme guidelines.
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Margin up to ₹4 lakh – Nil.
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Studies in India above ₹4 lakh – 5% margin.
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Studies abroad – 15% margin.
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Repayment up to 15 years.
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Mandatory life insurance policy under scheme.
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Application to be routed via PM Vidhyalakshmi portal