Bandhan Bank Education Loan

Bandhan Bank is a private-sector bank that offers a host of customer-centric financial products and services. The bank has introduced the Sushiksha Loan specifically for its existing micro-banking customers. The interest rate for the Sushiksha Loan 13.45% p.a.  

Updated On - 06 Sep 2025
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This loan offers finances to individuals who wish to pursue their higher education in India and overseas. Continue reading to learn about the features, benefits, eligibility conditions, and other important details about the Sushiksha Loan.

Features and Benefits of Sushiksha Loan

The features and benefits of the Sushiksha Loan are listed below: 

  1. The Sushiksha Loan is offered only to existing micro-banking customers. 
  2. No processing fee is charged.  
  3. The loan amount ranges from Rs.1,000 to Rs.10,000. 
  4. Individuals holding savings accounts with Bandhan Bank can benefit from faster loan approval and disbursement.  
  1. Convenient and hassle-free biometric authentication and loan disbursement at your doorstep. 
  2. Documentation has been simplified to make loan processing easier. 
  3. The interest rate for the Sushiksha Loan 13.45% p.a.  

Interest Rates for Bandhan Bank Education Loan (Sushiksha Loan)

Scheme Name 

Maximum Loan Amount 

Interest Rate  

Susiksha Loan

Rs.10,000 

13.45% p.a.  

bandhan bank  Sushiksha education loan for higher studies

Eligibility Criteria for Sushiksha Loan

To apply for the Sushiksha Loan, you must fulfil the following eligibility conditions: 

  1. You must be an existing micro-banking customer of Bandhan Bank.  
  2. At the time of disbursement, you must have one active primary loan. 
  3. You must be aged between 18 years and 65 years.  

Documents Required for Sushiksha Loan

The documents needed to apply for the Sushiksha Loan are mentioned below: 

  1. Proof of identity 
  2. Proof of address 
  3. Passport size photographs 

How to Apply for Sushiksha Loan

If you want to apply for the Sushiksha Loan, follow the steps mentioned below: 

Step 1: Visit the nearest branch of Bandhan Bank.  

Step 2: Request to apply for the Sushiksha Loan. 

Step 3: You must submit your documents after your eligibility has been verified. 

Step 4: A manual review of your documentation will take place. 

Step 5: Following the verification, the loan amount will be approved.  

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FAQs on Bandhan Bank Education Loan

  • Does Bandhan Bank provide education loans?

    Yes, Bandhan Bank offers the Sushiksha Loan which is an education loan designed for individuals who wish to pursue their higher education in India and overseas. 

  • What is the interest rate on the Bandhan Bank education loan?

    The interest rate on the Bandhan Bank education loan is 13.45% p.a.

  • Who can apply for the Sushiksha Loan?

    Only existing micro-banking customers of Bandhan Bank can apply for the Sushiksha Loan.  

  • What is the tenure offered on the Sushiksha Loan?

    Bandhan Bank offers a loan tenure of up to one year on the Sushiksha Loan.  

  • Do I have to pay any processing fee for the Sushiksha Loan?

    No, you do not have to pay any processing fee for the Sushiksha Loan.  

  • What is the age limit to apply for the Sushiksha Loan?

    To apply for the Sushiksha Loan, you must be aged between 18 years and 65 years. 

  • What is the maximum loan amount that I can obtain through the Sushiksha Loan?

    The maximum loan amount that you can obtain through the Sushiksha Loan is Rs.10,000.  

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