Education Loan

EL stands for Education Loan, funding higher studies in India or abroad, while two-wheeler loans finance bikes and scooters. Both are widely available from banks and NBFCs with competitive rates as of late 2025. These suit Sampati Bazaar's financial services expansion into loans alongside real estate.

Education Loan (EL) OverviewInterest rates range from 4-16% p.a. for public/private banks, with lower options like 8.30-9.80% for premier institutes from SBI or Union Bank. Loan amounts go up to ₹50 lakh domestically or ₹1.5 crore abroad, with tenures up to 15 years and moratorium during studies. Eligibility requires Indian citizenship, age 16-35, admission to recognized courses, and a co-applicant with stable income; documents include KYC, admission letter, and income proof.