Education loans by Shihori Nagarik Sahakari Bank ltd., Shihori
Launch your
dream education
Whether you study in India or head overseas, ScholarCred helps you plan an education loan that fits. Download the app and apply in a few simple steps.
- Covers tuition and living expenses
- Flexible repayment tenures
- Apply online with dedicated support
- Clear, transparent rates and fees
Through the ScholarCred app
Apply for your loan online
Upload documents and track progress, all from your phone.
Why ScholarCred
Education loans designed for students and families
From application to repayment, every step is kept simple, clear and predictable.
Covers key education costs
Tuition, accommodation, books and equipment can be included in your loan plan, subject to sanction.
Flexible repayment
Choose a repayment tenure that suits your course duration and family income to keep monthly outgo manageable.
Transparent pricing
Interest, fees and the repayment schedule are explained line by line before you sign. No hidden terms.
Apply from your phone
Fill in details, upload documents and check your application status in the ScholarCred app.
Backed by a trusted bank
Offered by Shihori Nagarik Sahakari Bank ltd., Shihori, with branch support available for in-person help.
Loan Products
Choose the loan that fits your study plan
Different institutions and funding needs call for different products. All terms are subject to the bank's sanction.
- Studies in India
Education Loan for India
For undergraduate, postgraduate, professional and vocational programmes at recognised institutions in India.
- Tuition and hostel expenses
- Repayment aligned to course duration
- Professional and vocational courses
- Overseas universities
Study Abroad Loan
Funding support for students heading overseas, covering the expenses that follow your admission offer.
- Tuition and living costs abroad
- Apply with your admission letter
- Multiple repayment options
- For higher loan needs
Secured Education Loan
Backed by assets such as property, a secured loan can support a higher loan amount and a longer repayment period.
- Suited to high tuition costs
- Collateral documents required
- Amount subject to valuation and sanction
- Simpler process
Unsecured Education Loan
No collateral needed. Your application is assessed on academic profile and the co-applicant.
- No assets to pledge
- Co-applicant supports the application
- Amount subject to sanction
EMI Calculator
Work out what you would pay each month
Drag the sliders to adjust loan amount, interest rate and tenure, and see an instant EMI estimate.
Estimated monthly EMI
₹17,122
- Principal
- ₹10,00,000
- Total interest
- ₹4,38,285
Total repayment: ₹14,38,285
* Results are an indicative estimate using the reducing-balance EMI formula. The rate shown is a sample and not the bank's actual quote. Actual rates, fees and repayment schedule are subject to sanction and the loan agreement.
How It Works
Four steps from application to disbursal
No running between windows. The main steps can be completed on your phone.
- 1
Download and register
Get ScholarCred from Google Play and register with your mobile number.
- 2
Fill in your details
Enter student, institution, course and co-applicant information.
- 3
Upload documents
Capture or upload the required documents in the app. Our team helps verify them.
- 4
Sanction and disbursal
Once the bank approves and the agreement is signed, funds are disbursed as per process.
Eligibility and Documents
Know what you need before you apply
Having your documents ready makes the review smoother. Final requirements are as communicated by the bank.
Eligibility
- Applicant is an Indian citizen with admission to a recognised institution
- Aged 18 or above; a minor student needs a parent or guardian as co-applicant
- A parent or guardian with a stable income can act as co-applicant
- The chosen course and institution fall within the bank's lending scope
Commonly required documents
- Identity proof of student and co-applicant (e.g. Aadhaar, PAN)
- Address proof
- Admission letter and fee structure including tuition and accommodation
- Previous academic mark sheets and certificates
- Co-applicant income proof and recent bank statements
- Recent passport-size photographs
- Collateral documents (for secured loans)
FAQs
Questions you may have
Can't find your answer? Email us or visit the branch.
What is an education loan?
An education loan is a dedicated loan to pay for tuition, accommodation, books and other study-related costs for recognised courses in India or abroad.
Who can apply for a ScholarCred education loan?
Students who have secured admission to a recognised institution can apply, usually with a parent or guardian with a stable income as co-applicant. Eligibility is as per the bank's policy.
What is the difference between secured and unsecured loans?
A secured loan is backed by collateral such as property and can support a higher amount. An unsecured loan needs no collateral and is assessed on academic profile and the co-applicant. Amounts are subject to sanction.
How do I apply and how long does it take?
Download ScholarCred from Google Play, register, fill in your details and upload documents to submit. Processing time depends on how complete your documents are and the bank's verification. We do not commit to a specific timeline.
How is the interest rate decided?
The rate depends on the product, academic and credit profile and the loan tenure, and is shared with you in writing before you sign. The EMI calculator on this site uses sample rates for illustration only.
Do I have to repay while I am studying?
Repayment terms, including any moratorium during the course, are set out in the loan agreement. Please confirm the exact plan with our team when you apply.
Can I prepay my loan?
You can enquire about prepayment rules and any applicable charges. For details, write to business@shnagriksaha.com or visit our branch.
Download ScholarCred and start planning today
Submit your application, upload documents and track progress on your phone. Our team is here whenever you need help.
Get it on Google Play
Contact Us
Have a question? We are happy to help
Shihori Nagarik Sahakari Bank ltd., Shihori
Registered Address
Near Bus Station,Shihori,Tal:Kankroj Dist: Banaskantha 385550
Service Email
business@shnagriksaha.comCIN
24AAAAS6669N2ZV