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Cent Tech Vidyarthi

Education loan for IIT/NIT students with up to ₹15 lakh finance, assigned student income and life policy, and no guarantee requirement.

Interest ratePublished by institute category: 7.85% for 13 AAA IITs, 7.95% for other IITs, 10.05% for B-category NITs and 10.35% for C-category NITs; concessions and benchmark terms apply as stated.Maximum financeUp to ₹15 lakh.Maximum amountEducation loan for IIT/NIT students with up to ₹15 lakh finance, assigned student income and life policy, and no guarantee requirement.
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Quick eligibility check

Cent Tech Vidyarthi

0 of 4 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: eligibility is based on Indian nationality and admission to an eligible IIT or NIT programme, with co-borrower documentation?

Published source: Minimum income

2Do you meet this requirement: Indian national admitted to an IIT/NIT through entrance or merit selection after HSC?

3Are you this type of customer: parent, guardian or specified family member joins as co-borrower?

4Document checkDo you have this required document or proof: Admission and institute evidence, KYC, co-borrower income documents and assigned student life policy?

Published source: Minimum income
0 of 4 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 6 Sept 2026 · active
Offered byCentral Bank of India

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeEducation term loan for Indian students admitted to IITs or NITs after HSC through entrance or merit selection.View source
The page defines IIT/NIT student eligibility and education purpose.
Source
Cent Tech Vidyarthi
Page / section
Purpose and student eligibility
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Maximum financeUp to ₹15 lakh.View source
The quantum row states maximum up to Rs.15 lakh.
Source
Cent Tech Vidyarthi
Page / section
Quantum
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Security and insuranceFuture student income and a student life-insurance policy are assigned to the Bank; guarantee is waived.View source
The security rows specify income and life-policy assignment and waived guarantee.
Source
Cent Tech Vidyarthi
Page / section
Security, insurance and guarantee
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Processing and service chargesNo processing charge; API integration ₹81 plus GST and VLP ₹100 plus GST on successful application.View source
The page lists nil processing and the / service charges.
Source
Cent Tech Vidyarthi
Page / section
Processing charges
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Moratorium and repaymentCourse period plus one year moratorium; equated instalments up to 15 years after moratorium.View source
The repayment section publishes the moratorium and maximum period.
Source
Cent Tech Vidyarthi
Page / section
Moratorium and repayment
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Interest ratePublished by institute category: 7.85% for 13 AAA IITs, 7.95% for other IITs, 10.05% for B-category NITs and 10.35% for C-category NITs; concessions and benchmark terms apply as stated.View source
The official rate table gives effective rates by IIT/NIT category.
Source
Cent Tech Vidyarthi
Page / section
Rate of interest and institute category
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
APRNot published as a separate APR calculation on the reviewed page.View source
No calculation is shown.
Source
Cent Tech Vidyarthi
Page / section
Complete rate review
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
PrepaymentNot published on the reviewed page.View source
The page contains no prepayment row.
Source
Cent Tech Vidyarthi
Page / section
Complete fee and foreclosure review
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Minimum incomeNo minimum income amount is published; eligibility is based on Indian nationality and admission to an eligible IIT or NIT programme, with co-borrower documentation.View source
The complete page states student and institute conditions but no income threshold.
Source
Cent Tech Vidyarthi
Page / section
Student eligibility
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Maximum amountEducation loan for IIT/NIT students with up to ₹15 lakh finance, assigned student income and life policy, and no guarantee requirement.View source
The manually reviewed product summary states: “Education loan for IIT/NIT students with up to ₹15 lakh finance, assigned student income and life policy, and no guarantee requirement.”.
Source
Cent Tech Vidyarthi — official product page
Page / section
Published loan terms in product summary
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Benchmarkbenchmark terms apply as statedView source
The manually reviewed product record states: “Published by institute category: 7.85% for 13 AAA IITs, 7.95% for other IITs, 10.05% for B-category NITs and 10.35% for C-category NITs; concessions and benchmark terms apply as stated.”.
Source
Cent Tech Vidyarthi — official product page
Page / section
Published product metadata
Accessed
6 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Up to ₹15 lakh
  • No guarantee requirement
  • Life insurance premium can form part of the loan
  • Up to 15-year repayment after course-plus-one-year moratorium

Eligibility

  • Indian national admitted to an IIT/NIT through entrance or merit selection after HSC; parent, guardian or specified family member joins as co-borrower.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Admission and institute evidence, , co-borrower income documents and assigned student life policy

Related official documents

Cent Tech Vidyarthiofficial-product-page · current · accessed 6 Sept 2026
↗

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Loan repayment estimate

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One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Vidyalaxmi · Amount / purposeSelected institutions; income-subvention bands

This value is copied from Central Bank education and vehicle variant terms. Check the table notes before relying on it.

Source: Central Bank education and vehicle variant catalogue · Variant product pages Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 4 rows · 5 columnsCentral Bank education and vehicle variant termsPublished terms transcribed from official Central Bank product pages.View tableHide table

Scroll sideways to view every column

Central Bank education and vehicle variant terms
ProductAmount / purposeMargin or securityTenureCharges
VidyalaxmiSelected institutions; income-subvention bandsAAA/ nil margin; no collateral/guarantorCourse + 1 year moratorium; up to 15 yearsProcessing and prepayment nil; // charges apply
Cent Tech VidyarthiIIT/NIT; up to ₹15 lakhIncome and life-policy assignment; guarantee waivedCourse + 1 year moratorium; up to 15 yearsNo processing; ₹81 + ; ₹100 +
Cent Combo VehicleNew personal-use 4W; amount inherits vehicle schemeExisting home-loan standard asset; nil SMAVehicle scheme terms apply0.50% + , ₹2,000–₹20,000; waiver through 31 Dec 2026
Cent Vehicle BusinessNew business vehicle; up to ₹3 crore15% on-road margin; collateral nilUp to 60 monthsNot published on page
  • Standalone is not published on these pages; current rate tables or underlying Cent Vehicle terms apply where stated.
Central Bank education and vehicle variant catalogue · Variant product pages · accessed 6 Sept 2026Open official source ↗

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