KBL Skill Loan

About the KBL Skill Loan Scheme

The KLB Skill Loan scheme is open to Indian students who have secured admission in NSQF-approved skill development courses by recognised training institutions. This education loan helps learners overcome financial constraints and pursue their career goals with confidence. The loan can be availed even for short-term courses (minimum 2 months), making it ideal for those who want to gain industry-relevant skills quickly.

KBL Skill Loan Scheme- Rates of Interest

The KLB Skill Loan scheme offers affordable interest rates, starting at 10.48% per annum. The rates follow Karnataka Bank education loan guidelines, and concessions may be available for women or academically meritorious students.

Note: These rates are current as of 18 June 2025 and may change based on RBI repo rate revisions and Karnataka Bank’s internal policies.

Features of the KBL Skill Loan Scheme

Here’s what makes the KBL Skill Loan an ideal option for skill-seeking students:

• Covers Short-Term & Long-Term Skill Courses: Courses from 2 months to 3 years under NSQF are eligible.

• Loan Amount from ₹5,000 to ₹1.5 lakh: Tailored to meet training fees without overburdening the borrower.

• No Collateral: This makes it easily accessible to students from modest financial backgrounds.

• Flexible Repayment: Repayment starts after the moratorium period, giving students time to find employment.

• Simplified Future Planning: Perfect for parents integrating a child investment plan to support their child’s education and skill development goals.

Investment

Secure

Secure your child’s future with or without you

Start Investing

₹10,000/Month

& Get

₹1 Crore^*

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Eligibility for KBL Skill Loan Scheme

Here are the eligibility conditions to apply for the KBL Skill Loan:

• Nationality: Applicant must be an Indian citizen.

• Age Limit: No specific age limit; suitable for anyone pursuing recognised skill development programs.

• Course Type: Must be enrolled in NSQF-approved skill development courses offered by training institutions affiliated with NSDC/State Skill Missions.

Documents Required for KBL Skill Loan

To apply for a KBL Skill Loan, the following documents are generally required:

• Admission Letter: From a recognised training institution.

• KYC Documents: Aadhaar, PAN, etc., for both applicant and co-borrower.

• Course Fee Details: Proof of the fee structure or course-related expenses.

• Academic Records: Past educational qualifications, if applicable.

• Financial Documents: Bank statements or income proof, if required during loan sanctioning.

Most Important Terms and Conditions

Before applying, be aware of the critical terms of the KBL Skill Loan Scheme:

• One-Time Usage: You can avail of this loan only once per course. For another course, a separate fresh application must be submitted.

• Loan Tenure: Repayment starts 6 months after course completion. The total loan tenure can go up to 5 years, based on the borrowed amount.

• Moratorium Benefit: You don’t need to repay anything until 6 months after your course ends, making it a flexible option for families with a child education plan in mind.

• Course Completion Requirement: Completion of the course is mandatory. If the course is discontinued or the student doesn’t graduate, the loan becomes due immediately, regardless of the original moratorium.

• Government-Endorsed Courses Only: Only courses aligned with NSQF levels 3 to 7 and recognised by NSDC (National Skill Development Corporation) or affiliated skill institutions are covered.