Odisha Gramya Bank Education Loan Interest Rate

Note: Updated on 03 July 2025, for latest interest rates, please visit bank website.

About Odisha Gramya Bank

Odisha Gramya Bank is a gramin bank in India established on 01-07-2013. It has headquarter in Bhubaneshwar and address is AT - Gandamunda, PO - Khandagiri Jagamara-Sundarpada Road, Bhubaneswar, Dist - Khurda, Odisha, Pin - 751030, Odisha. it has 955 branches across the state.

It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, loans, personal loans, netbanking, RTGS, NEFT, IMPS, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.

Odisha Gramya Bank Education Loan Interest Rates, Education Loan at 14.25% Updated on 16 Jul 2025. Apply for Education Loans Online. Find Odisha Gramya Bank Education loan purpos, Eligibility, Margin, Repayment of Education Loan ,Security, Documents Required for Education Loan from below.

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Odisha Gramya Bank Education Loan Purpose

Odisha Gramya Bank Eligible Courses for Education Loan

Education Loan can be availed under following cases-

• Graduate, Post graduate, Diploma and Professional courses recognized by University Grant Commission, All India Council for Technical Education (AICTE) and the Indian Council for Medical Research, Government of India.
• Job oriented Professional or Technical courses of reputed education institutes abroad, etc.
• Government recognized or approved vocational or skill development courses.
• Courses conducted by IIM, IIT, IISC, XLRI, NIFT, etc
• Courses offered in India by reputed foreign Universities.
• Other Courses leading to Diploma/ Degree, etc. conducted by Colleges/ Universities approves by UGC/ Govt./ AICTE/ AIBMS/ ICMS, etc.

Odisha Gramya Bank Education Loan Document Required

For salaried individuals

• Duly filled up and signed education loan application form along with photographs
• KYC (Know Your Customer)documents
• Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
• Latest salary slip showing all deductions or Form 16 along with recent salary certificate
• Proof of residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
• Bank Statement or Bank Pass Book of having entries of last 6 months
• Guarantor Form, Copy of admission letter or the Institute along with Fees schedule (Optional)
• Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses (Optional)
• Detailed break-up of the costs of the course (Optional)

For all individuals except salaried

• Duly filled up and signed education loan application form along with photographs
• KYC (Know Your Customer)documents
• IT returns of the last 2 years and computation of income of last 2 years certified by a Chartered Accountant
• Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
• Proof of residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
• Bank Statement or Bank Pass Book of having entries of last 6 months
• Guarantor Form, Copy of admission letter or the Institute along with Fees schedule (Optional)
• Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses (Optional)
• Detailed break-up of the costs of the course (Optional)

Odisha Gramya Bank Education Loan Amount

a) For studies in India, maximum Rs. 10 Lakhs.
b) For studies abroad, maximum Rs. 20 Lakhs

Margin

a) Up to Rs.4 lakhs-Nil.
b) Above Rs. 4 lakhs-5% for Studies in India and 15% for Studies abroad

Odisha Gramya Bank Education Loan Repayment

In 5-7 Years after Course period + 1 year or 06 months after getting job , whichever is earlier.

Security

Upto Rs. 4 lacs : No Security Above Rs. 4 lacs to Rs. 7.50 lacs: Collateral security in the form of suitable third party guarantee

Mode of Repayment of Education Loan

Post Dated Cheque (PDC): PDCs are given by the borrower in advance to the bank. They will be for future dates. Bank will deposit the cheque on the date mentioned on the cheque. This mode used to be opted by the borrowers when there were no online repayment options available. This mode is no longer popular and is used by very few borrowers.

Electronic Clearance System (ECS): This mode is very popular and most of the borrowers opted for this mode of repaying the loan. It is an electronic mode for transferring the EMI from borrower's bank to lender's bank.

National Automated Clearing House (NACH): NACH is a facility offered by National Payment Corporation of India (NPCI) for online transfer of funds on due date. This system has come into force recently and is preferred by many people. The benefit of this mode is that it allows transactions to be processed in real time.

Standing Instruction (SI): It is an order or instruction which the account holder gives to his/ her bank to pay a fixed amount to another bank/ account at a regular interval. It is also used by many borrowers to pay EMIs as EMI is a fixed amount. SI is not suitable for variable amounts.

Contact details of Odisha Gramya Bank, Odisha Gramya Bank SMS balance check number SMS banking, Odisha Gramya Bank mobile banking, Odisha Gramya Bank toll free number,Odisha Gramya Bank toll free number 24*7, Odisha Gramya Bank miss call number.

• MISSED CALL NUMBERS - 8010106686
• CUSTOMER CARE NUMBERS - 0674-2353029
• CONTACT NUMBERS - 0674-2353029, 0674-2353242

Odisha Gramya Bank Contact Details

• BANK OFFICIAL WEBSITE - https://www.odishabank.in
• CONTACT NUMBERS - 0674-2353029, 0674-2353242
• EMAIL ID - [email protected], [email protected]
• MISSED CALL NO. - 8010106686
• CUSTOMER CARE NO. - 0674-2353029
• TOTAL BRANCHES - 955
• HEADQUARTER - Bhubaneshwar
• BANK ADDRESS - AT - Gandamunda, PO - Khandagiri Jagamara-Sundarpada Road, Bhubaneswar, Dist - Khurda, Odisha, Pin - 751030, Odisha

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Odisha Gramya Bank Education Loan FAQs  Education Loan Document Required

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