Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Education coveredRegular full-time degree or postgraduate courses in India at recognized institutions; fees, hostel, books, equipment, computer, deposits, optional life insurance and related education costs may be financed.View source
The page lists regular full-time degree/postgraduate study and covered expense categories.
- Source
- Star Education Loan — Studies in India
- Page / section
- Features / Expenses Covered
- Accessed
- 30 Aug 2026
- Confidence
- high
Maximum financeUp to ₹1.50 crore for medical courses excluding nursing and for non-medical courses; finance is need-based and subject to earning potential.View source
The quantum section states maximum ₹150 lakh and need-based finance.
- Source
- Star Education Loan — Studies in India
- Page / section
- Quantum of Loan
- Accessed
- 30 Aug 2026
- Confidence
- high
Interest rateCurrent rate sheet: up to ₹7.50 lakh, 1 Year RBLR + 1.70%, presently 9.80% p.a.; above ₹7.50 lakh, 1 Year RBLR + 1.50%, presently 9.60% p.a. Girl students and professional-course students may receive the published 0.50% concession.View source
The current rate sheet lists the two loan-size bands and published present rates.
- Source
- Retail Loans — Floating and Processing Charges (effective 1 June 2026)
- Page / section
- Page 4: Star Education Loan
- Accessed
- 30 Aug 2026
- Confidence
- high
Repayment periodMoratorium up to the course period plus 1 year; repayment period up to 15 years from commencement of repayment.View source
The page publishes course-plus-one-year moratorium and 15-year repayment period.
- Source
- Star Education Loan — Studies in India
- Page / section
- Repayment Period
- Accessed
- 30 Aug 2026
- Confidence
- high
Processing feeNo processing charge. VLP portal charge ₹100 plus 18% GST; scheme-deviation charge ₹500 up to ₹4 lakh, ₹1,500 above ₹4 lakh to ₹7.50 lakh, and ₹3,000 above ₹7.50 lakh.View source
The charges section says nil processing charge, fee and three deviation bands.
- Source
- Star Education Loan — Studies in India
- Page / section
- Charges
- Accessed
- 30 Aug 2026
- Confidence
- high
Margin and securityMargin is nil up to ₹4 lakh and 5% above ₹4 lakh. Up to ₹7.50 lakh, parents/
The page publishes margin and collateral bands and CGFSEL requirement.
- Source
- Star Education Loan — Studies in India
- Page / section
- Margin / Security
- Accessed
- 30 Aug 2026
- Confidence
- high
EligibilityIndian National, PIO or OCI student with admission through entrance test or merit selection to an approved course at a recognized institution after HSC (10+2) or equivalent.View source
The eligibility section lists nationality, admission and recognition conditions.
- Source
- Star Education Loan — Studies in India
- Page / section
- Eligibility of Student / Courses Covered
- Accessed
- 30 Aug 2026
- Confidence
- high
Minimum incomeNo fixed student or co-borrower income threshold is published; co-borrower income proof, bank statement and financial documents are required.View source
The document table requires co-applicant income proof but does not set a minimum income amount.
- Source
- Star Education Loan — Studies in India
- Page / section
- Documents required
- Accessed
- 30 Aug 2026
- Confidence
- high
Benchmark1 Year RBLR (Repo-linked benchmark lending rate) plus the published education-loan spread; current sheet shows 9.80%/
The rate sheet names 1 Year RBLR and gives the two spreads.
- Source
- Retail Loans — Floating and Processing Charges (effective 1 June 2026)
- Page / section
- Page 4: Star Education Loan
- Accessed
- 30 Aug 2026
- Confidence
- high
APRNo separate APR figure or methodology is published.View source
The page and current rate sheet give and charges but no calculation.
- Source
- Star Education Loan — Studies in India
- Page / section
- Rate of Interest / Charges
- Accessed
- 30 Aug 2026
- Confidence
- high
Prepayment / foreclosureNo prepayment penalty.View source
The manually reviewed product record states: “No prepayment penalty published”. The issuer's current sanction terms should still be confirmed before applying.
- Source
- Star Education Loan — Studies in India — official product page
- Page / section
- Fees and prepayment
- Accessed
- 30 Aug 2026
- Confidence
- high
TenureMoratorium up to the course period plus 1 year; repayment period up to 15 years from commencement of repayment.View source
The page publishes course-plus-one-year moratorium and 15-year repayment period. This is the issuer-published maximumTenure value shown under the comparison field “Tenure”.
- Source
- Star Education Loan — Studies in India
- Page / section
- Repayment Period — comparison field: Tenure
- Accessed
- 30 Aug 2026
- Confidence
- high
Maximum amountAn education loan for regular full-time degree and postgraduate study in India, with need-based finance up to ₹1.50 crore for eligible medical and non-medical courses.View source
The manually reviewed product summary states: “An education loan for regular full-time degree and postgraduate study in India, with need-based finance up to ₹1.50 crore for eligible medical and non-medical courses.”.
- Source
- Star Education Loan — Studies in India — official product page
- Page / section
- Published loan terms in product summary
- Accessed
- 30 Aug 2026
- Confidence
- high
Geographic limitsIndian National, PIO or OCI student with admission through entrance test or merit selection to an approved course at a recognized institution after HSC (10+2) or equivalent.View source
The manually reviewed product record states: “Indian National, or student with admission through entrance test or merit selection to an approved course at a recognized institution after HSC (10+2) or equivalent.”.
- Source
- Star Education Loan — Studies in India — official product page
- Page / section
- Published product metadata
- Accessed
- 30 Aug 2026
- Confidence
- high
Benefits and features
- No processing charge
- No collateral up to ₹7.50 lakh
- No prepayment penalty published
- Takeover facility
Eligibility
- Apply online through Vidya Lakshmi Portal.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Identity/address proof, academic records, admission proof, expense schedule, photographs, co-applicant income proof and bank statement, references and collateral documents if applicable.
Related official documents
Retail Loans — Floating ROI and Processing Charges (effective 1 June 2026)official-rate-sheet · current · accessed 30 Aug 2026
↗Star Education Loan — Studies in Indiaofficial-product-page · current · accessed 30 Aug 2026
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