Study Guard package – Now you can apply for a loan coupled with a protection cover for you with benefits for an uninterrupted education for your child.
Product 1 – Study Guard Loan
A Personal Loan especially for Parents/Family Members/Caretakers & Guardians, to pay school fees, for their children studying in Semi Government/Private and International schools.
- Max repayment tenure: 7 years
- Prerequisites: Offer letter to be obtained from the school
Product 2 – Study Guard Insurance Cover
A special protection cover to guarantee uninterrupted education of your child in the event of permanent disability, critical illness or demise of a parent/ caretaker (policy holder).
- Policy Period: - 2 to 13 years
- Premium- One-time premium payment option
- Prerequisites: Entry age of a parent/ caretaker 18 to 60 years.
Interest Rate: 29.50% *rates are subject to change *Conditions applied
Min- Max Ticket Size: Rs 100,000 - Rs 15,000,000
Applicable Cap: 100% Total Fee Requirement
Last updated: 4th January 2023
*Please check with the bank for the updated information