Saraswati Education Loan: Empowering Your Child's Dreams of Higher Education

Advit Realinfo Pvt Ltd - Your Trusted Partner for Education Loan Solutions

Education Loan

Are you a parent with a child aspiring to pursue higher education? Look no further! Advit Realinfo Pvt Ltd is here to support you and your child with our Saraswati Education Loan. With the Saraswati Education Loan, we aim to give wings to your child’s dreams of pursuing higher education in India or abroad. Our comprehensive loan covers not only course fees but also essential expenses such as traveling, lodging, and boarding.

At Advit Realinfo Pvt Ltd, we understand the significance of education in shaping your child’s future. That’s why we offer the Saraswati Education Loan, in tie-up with Saraswat Co-operative Bank. 

Flexible Loan Options:

We provide flexible loan options to meet your child’s specific financial requirements. Whether they plan to pursue higher education in India or abroad, we have you covered.

Competitive Interest Rates:

Our education loan offers competitive interest rates, ensuring that the financial burden remains manageable for both you and your child throughout their academic journey.

Extensive Coverage:

The Saraswati Education Loan covers not only the course fees but also other related expenses such as traveling, lodging, and boarding. We believe in supporting all aspects of your child’s education to provide them with a comprehensive learning experience.

Easy Repayment Plans:

We understand the importance of a stress-free repayment process for parents. Our loan offers flexible repayment plans tailored to your financial capabilities, giving you peace of mind as your child focuses on their studies.

Smooth Application Process:

Applying for the Saraswati Education Loan is quick and straightforward, making it convenient for busy parents. Our experienced team will guide you through the process, ensuring a seamless experience from start to finish.

Eligibility and Features OF Education Loan


  • Individual who has secured admission in any graduate/post-graduate courses offered by college/institute/university approved by IBA.
  • Students applying for vocational courses will also be covered under this scheme with a maximum loan amount of Rs.10 lakh.
  • Student should be the applicant, and parent or relative should be the co-applicant.
  • In the case of a minor student, the parent will be the applicant.

Loan Amount:

We understand the financial requirements of different educational pursuits. The Saraswati Education Loan offers maximum loan amounts based on the nature of the study:

  • Studies in India: Maximum loan amount of up to Rs. 75.00 lakh.
  • Studies abroad: Maximum loan amount of up to Rs. 150.00 lakh.
  • Vocational courses: Maximum loan amount of up to Rs. 10 lakh.

Basis of Advance:

To ensure comprehensive coverage, the loan amount is calculated based on:

a) 100% course fee and other expenses (traveling/lodging/boarding and other course-related expenses)

b)  85-90% of the face value of NSC’s/LIP  OR  90% of accrued value, in case of cumulative deposits or face value in case of other deposits OR 90%  of the market value of the property


c) 50 times the Avg net salary of parents OR 4 times the Avg Gross cash accruals in the case of a businessman OR the latest audited gross cash accrual with justification.

b) or c) whichever is lower

If a property is given as Security:

a) 90% of the market value of the property                     


b) 75 times the Avg net salary of parents or 5 times the Average gross cash accruals.

a) or b) whichever is lower

Security Options:

  • Upto Rs. 4.00 lakh: without guarantor,
  • Above Rs. 4.00 lakh and upto Rs. 5.00 lakh – Third-party guarantee,
  • Above Rs. 5.00 lakh: Pledge of any other tangible security acceptable to the bank or Equitable mortgage of Property.
  • Equitable mortgage of Property, NSC/LIP pledged/assigned in favour of Bank, Fixed Deposit

Education Loan Interest Rates and Processing Fees

Rate of Interest (Floating):

We believe in providing affordable and flexible interest rates to suit your financial needs. The Saraswati Education Loan offers floating interest rates based on the Prime Lending Rate (PLR), with the following discounts available:

    • General: (PLR-5.50) = 10.00%
    • Girl Child and Divyang (0.5% discount): (PLR-6.00) = 9.50%
    • Premier Institutes (0.25% discount): (PLR-5.75) = 9.75% 
    • Present PLR @15.50% p.a.
    • *0.50% concession for all girl students and Divyang.
    • *0.25% concession in rate for IIM, IIT, XLRI & ISB, Govt Recognized Medical College.

Processing Fees:

To make the loan application process hassle-free, we offer the following processing fees:

  • Studies in India: NIL processing fees.
  • Studies abroad: 0.5% of the loan amount, with a maximum of Rs. 10,000/-


Life insurance policy of the student borrower.


As per extant shareholding norms.

Repayment Period:

We understand the importance of financial planning. The Saraswati Education Loan offers a maximum repayment period of 12 years, excluding the moratorium period. The moratorium period can be up to three years or the course duration plus one year, whichever is earlier.

Documents Required for Education Loan

To ensure a smooth loan application process, please have the following documents ready:

  1. Duly filled prescribed application form
  2. Latest photograph
  3. Photo Identity Proof
  4. Residence proof of the applicant and guarantors
  5. Proof of confirmed admission & estimate of course fees & other expenses (traveling/lodging/boarding)
  6. Fee receipts or proof of payments made
  7. Copy of Passport & Visa and related documents (if the student is going abroad for higher education)
  8. Income proof of the applicant:
    • Salaried: Last 3 months’ salary slip/certificate or copy of the last three years’ IT returns or Form 16 of the last two years, along with a 3-month bank statement.
    • Businessman: Last 3 years’ profit & loss and balance sheet, ITR copies of the last three years, 3-month bank statement.

At Advit Realinfo Pvt Ltd, Mumbai, we’re here to help you every step of the way. Contact us today to learn more about our balance transfer and top-up home loan services in Mumbai. With our expertise and commitment to exceptional customer service, we’ll help you get the loan you need to meet your financial goals.

Your Child's Education Matters to Us

At Advit Realinfo Pvt Ltd, we understand the importance of your child’s education and are committed to providing comprehensive assistance and guidance throughout the loan application process. We strive to make your experience hassle-free and ensure that your child’s educational dreams are realized.

Unlock a World of Opportunities for Your Child's Education

Don’t let financial constraints hinder your child’s educational journey. Contact Advit Realinfo Pvt Ltd today and take the first step towards securing the Saraswati Education Loan. Our experienced team is ready to address all your queries and provide the necessary guidance to ensure a smooth loan application process. Trust us to be your partner in transforming your child’s dreams into a successful future.

Apply for the Saraswati Education Loan today and open doors to a world of opportunities!

Benefits and Support

Choosing the Saraswati Education Loan from Advit Realinfo Pvt Ltd comes with a range of benefits and exceptional support:

  1. Customized Solutions: Our dedicated team of experts ensures personalized assistance tailored to your specific requirements, helping you choose the right loan option and navigate the application process with ease.

  2. Quick and Transparent Process: We believe in maintaining open communication with our customers, providing timely updates and ensuring transparency throughout the loan application journey.

  3. Expert Guidance: Benefit from the guidance of experienced professionals who will address all your queries and help you make informed decisions.