Education loan
Chandigarh University has set up a separate loan assistance cell to accommodate students during the admission process — online or offline — to acquire loans from university-partnered banks.
Fees
Loan Terms
At Chandigarh University, Uttar Pradesh, we believe in turning aspirations into reality. We understand that financial constraints shouldn't hinder a student's pursuit of higher education. That's why we're committed to supporting students in accessing the necessary funds.
- Collateral-free
- Up to ₹20 Lacs
- Partnered lenders
- 18
- Girl students
- 0.5% concession
- Tax relief
- Section 80E
From select banks and NBFCs
On the interest rate, at most banks
4 routes
Loan Routes
The standard route, arranged through the university's partnered banks. All expenses — hostel, transport and equipment alongside academic fees — are covered under the loan.
- Collateral-free
- Up to ₹7.5 Lacs
- Tenure
- 10–15 years after the course
- Tax relief
- Section 80E
- Collateral-free up to ₹7.5 Lacs from most banks; up to ₹20 Lacs from select banks and NBFCs.
- For loans exceeding ₹7.5 lakh collateral is mandatory — LIC/NSC/KVP, fixed deposits with the lender, or property documents owned by the applicant or co-signer.
- A co-applicant is mandatory for all full-time courses: a parent, guardian, or spouse (if married).
- Repayment begins one year after completing the course or six months after securing a job, whichever comes first.
- Most banks offer a 0.5% concession on the interest rate for girl students.
Collateral-free
Up to ₹7.5 Lacs
Amount
Up to ₹7.5 Lacs
Tenure
6 or 12 months
Bihar
Up to ₹4,00,000
Bank loan
The standard route, arranged through the university's partnered banks. All expenses — hostel, transport and equipment alongside academic fees — are covered under the loan.
- Collateral-free
- Up to ₹7.5 Lacs
- Tenure
- 10–15 years after the course
- Tax relief
- Section 80E
What it means in practice
- Collateral-free up to ₹7.5 Lacs from most banks; up to ₹20 Lacs from select banks and NBFCs.
- For loans exceeding ₹7.5 lakh collateral is mandatory — LIC/NSC/KVP, fixed deposits with the lender, or property documents owned by the applicant or co-signer.
- A co-applicant is mandatory for all full-time courses: a parent, guardian, or spouse (if married).
- Repayment begins one year after completing the course or six months after securing a job, whichever comes first.
- Most banks offer a 0.5% concession on the interest rate for girl students.
PM-Vidyalaxmi scheme
The Central Sector Scheme launched by the Government of India, offering collateral-free and guarantor-free loans with a 75% credit guarantee, applied for entirely online.
- Amount
- Up to ₹7.5 Lacs
- Credit guarantee
- 75% by Govt. of India
- Process
- 100% digital
What it means in practice
- Collateral-free and guarantor-free, with a 75% credit guarantee by the Government of India.
- Open to students from all income backgrounds — there is no upper income limit for loan eligibility.
- Preference to students pursuing technical and professional courses.
- Covers tuition fee, hostel, books, laptop and living expenses, disbursed as per student and institution needs.
- No payment is required at any stage on the portal or the app.
Short-term EMI services
For a temporary financial crunch rather than the whole degree: an advance-EMI plan covering semester fees and associated costs, applied for through the university's portal.
- Tenure
- 6 or 12 months
- Interest
- From approx. 3%
- Coverage
- Up to 100% of fees
What it means in practice
- Covers semester fees, books, stationery, hostel, equipment, transportation and additional programme fees.
- A valid CIBIL score of the applicant or co-applicant is required, along with the last 6 months' bank statements.
- No collateral or security is required for the monthly fee payment plan.
- Disbursement to the institute can be processed within 24 hours once the online process is complete.
- Providers: Grayquest, Propelld and JODO.
State government schemes
Student credit card schemes run by state governments, open to students whose qualifying examinations were taken in the issuing state.
- Bihar
- Up to ₹4,00,000
- West Bengal
- Up to ₹10,00,000
- Jharkhand
- Up to ₹15,00,000
What it means in practice
- Bihar Student Credit Card Scheme — up to ₹4 lakh, 4% per annum for boys and 1% for girls, a 1-year moratorium after study and a 5–7 year repayment period. Applicable only to NAAC A+ graded universities, NIRF ranked institutions and NBA accredited institutions.
- West Bengal Student Credit Card Scheme — up to ₹10 lakh, 4% per annum with a 0.5% additional concession for girls, collateral-free and guarantee-free, with a 1-year moratorium after completion.
- Jharkhand Student Credit Card Scheme — up to ₹15 lakh at 4% simple interest per annum, collateral-free and fully guaranteed, repayable over 5–15 years including course duration, for applicants not older than 40.
Lenders
Partnered Banks and NBFCs
- HDFC Bank
- Axis Bank
- ICICI Bank
- State Bank of India
- Punjab National Bank
- IDFC FIRST Bank
- Canara Bank
- IDBI Bank
- Union Bank of India
- Punjab & Sind Bank
- Bank of India
- Indian Bank
- Bank of Maharashtra
- Aryavart Bank
- Propelld
- Avanse
- Grayquest
- JODO
Process
Application Process
Obtain your documents from the university
Log in to CUIMS, apply for loan documents, fill in the particulars and save. The documents are available to download after 24 working hours, or write to the loan cell directly.Register and apply online
Apply to multiple banks at once through PM-Vidyalaxmi, Vidya Lakshmi or JanSamarth, or through your state's student credit card portal.Submit the file at the bank branch
Take colour prints of every document, assemble the file against the checklist, and visit the branch you selected on the portal with your parents.Track the disbursement
Collect the branch's contact details for future reference and track disbursements through the portal or the PM Vidyalaxmi Digital Rupee app. The loan is disbursed in instalments directly to the university.
What to gather
Documents Required
Who qualifies
Eligibility
- Students should be Indian citizens and must have gained admission to Chandigarh University, Uttar Pradesh on a merit basis through the entrance examination or the selection procedure detailed in the prospectus.
- You must be at least 18 years old. If you are a minor, one of your parents can serve as guardian and obtain the loan in your place. Most banks set an upper age limit of 35 years.
- A co-applicant is mandatory for all full-time courses — a parent, guardian, or spouse (if married), with a stable income and a good credit history.
- A study gap of 1–3 years will not be an obstacle, provided you meet the admission eligibility criteria of the university.
- The minimum loan amount is ₹50,000, as offered by most banks. There are no charges or processing fees.
Contact
Loan Assistance Cell
Loan Assistance Cell
Chandigarh University, Uttar Pradesh
EMI services
Frequently Asked Questions
Parents or guardians of students studying at Chandigarh University are eligible for the EMI plan.
