Easy-EMI Education Loan

Every parent wants what is best for their child and quality education is the best gift a parent can give to their children. At VIBGYOR, we understand that the school and parents are equal partners to ensure a better future for the child. Therefore, VIBGYOR constantly explores easy and seamless ways to support parents in their quest to provide a good education for their children.

Continuing with our endeavour to provide uncompromised quality education to the students in the current scenario, we are pleased to offer and facilitate the parents with Abhyudaya Co-operative Bank’s Easy-EMI Education Loan in Mumbai, Pune, Nashik and Vadodara.

Salient Features

  • 0% interest loan - interest subsidy by VIBGYOR*
  • Best interest rate in Education loan segment – 8.25%
  • No foreclosure charges
  • No hidden charges
  • No collateral required
  • Flexible and Easy EMI options**

* Applicable on the current outstanding fees

** A parent gets the benefit of low cash outflow as a one-year fee amount can be paid in 27 months (including 3 months moratorium)

Who can apply?

Available to all VIBGYOR parents from Mumbai, Navi Mumbai, Pune, Nashik, Vadodara (T&C Apply)

Application Process:

  • The parent must fill in the Application form and submit all the necessary documents to the bank.
  • Bank officials will screen all the documents submitted by the parent. Post-screening of the documents, the status of loan approval (granted/not granted) will be notified to the parent via call/e-mail by the bank.
  • Once the parent receives the loan approval from the bank, the parent must approach the school personally for a Demand Letter.
  • Within the next 48 working hours, the Demand Letter and other documentation formalities have to be completed with the bank for loan disbursal.
  • The loan will be disbursed by the bank within 3 to 4 weeks of completion of all formalities.

For more information, contact your resepective VIBGYOR school help desk OR call Toll Free Number – 600 3000 700


Disclaimer: In regards to Easy-EMI Education Loan, VIBGYOR is not a party to the loan contract, which is a matter solely between the parent and the bank (Abhyudaya Co-operative Bank). VIBGYOR is a facilitator to help parents in their quest to provide a better future to their children. Please read all Easy-EMI Education Loan-related documents carefully before availing the service. 



1.The 0% interest loan facility is for a limited period i.e. till 30th September. VIBGYOR shall only bear the interest amount on the loan for the limited tenure of 27 months (including 3 months moratorium) from the disbursal of loan assuming that the parent shall not default in payment of the principal amount at all. 

2. VIBGYOR shall not be responsible and/or liable in any manner and under any circumstances whatsoever for any delayed interest/penalty/punitive interest on the principal amount or any other amount beyond the fixed amount of interest. All parents are eligible to apply for the education loan. 

3. The interest subsidy from VIBGYOR is applicable to those who have not availed the benefit of VIBGYOR EduBridge Scholarship Programme. 

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For Year 2022-23

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