Education Loan

We at Rama University, understand the importance of education and walk the extra mile to help students procure the right financial resources so that high higher education may continue unhindered.

Rama University’s fee structure is one such effort that allows students to pay fee per semester basis rather than on an annual basis.

Rama University also provides necessary documentation to help students secure education loans from recognized national banks.

Eligibility for Education Loan

1. The student must be an Indian National
2. Must have secured admission Rama University to any of its courses by way of RUET or merit-based selection process
3. The student must have a good past academic record
4. The student must not have any existing education loan from any other Institution, on the date of application of new education loan
5. Either father or mother or guardian should be a co-borrower
6. The loan may be considered at the branch nearest to the permanent residence of the student.

Education Loan Process

1. The student will have to apply directly to the bank of his choice, from where he / she wishes to avail the loan.
2. The student will have to complete all documentation formalities directly with the bank, as per the bank's education loan process.
3. Rama University shall provide the ”Offer Letter” required by the bank to confirm if the student has been granted admission to any college courses.

Limitations of Liability

Rama University would like to clarify that by providing the “Offer Letter” (Offer for Admission) for the student’s education loan, Rama does not become a party to the loan either as borrower or co-borrower of loan. The education loan is a two-party agreement between the bank (first-party) and the student (second party). The student and his co-borrowers shall directly bear all liabilities regarding the loan and arising out of it.

Currently Active Banks

Following banks are currently popular with students for availing the education loans.