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Manipal University has tied up with State Bank of India to provide student loans at concessional rates at SBI, Manipal Branch. Loans upto Rs. 7.50 lakh is offered without any collateral in the name of Student and Parent/Guardian. At present, this facility is available only to those admitted to Kasturba Medical College (KMC), Manipal and Mangalore. Plans are on the unveil to extend the facility to the students of other institutions also.
SBI considers all other Students also, studying at Manipal University as preferential customer in providing Education Loans at SBI branches nearer to their native places.

Details can be had from SBI website or Also, queries can be made to SBI, Manipal branch “” or “0820 4291141”.


Syndicate Bank is introducing ’Syndvidyarthi’, a standby Overdraft facility for non local students of 18 years of age and above pursuing professional courses. Coverage under this scheme can be provided to all eligible students irrespective of whether or not they have availed an education Loan from Syndicate bank or any other banks.

It is not just a loan facility, it is a financial convenience at prime lending rate upto quantum of Rs. 10000/-. The purpose is to meet the recurring expenses of contingent nature that may have to be incurred by non-local students pursuing professional courses

A no frills, zero balance savings bank account, similar to SyndSamanya, shall be opened under the head ’SyndVidyarthi’ by the eligible student in which account debits upto the sanctioned limit may be permitted. The students availing this facility will also be issued debit cards for operating the account provided the branch opening the account is authorised to issue debit cards.