Nainital Bank - Home Page

  • Our Chairman & CEO Mr. Dinesh Pant has been elevated to TEG Grade / Scale VII in the rank of General Manager in Bank of Baroda w.e.f.

  • Bank has reduced its MCLR by 30 basic points (bps), now MCLR for one year is

  • Bank has reduced NRLLR by 75 basic points(bps), now NRLLR is

  • Bank has launched COVID Emergency Credit Line (NCECL) loan scheme to provide liquidity support to borrowers impacted by COVID-19

  • Bank has formulated Naini Kissan Credit Card (NKCC) scheme for meeting working capital requirements for animal husbandry and fisheries activities to help the

  • Bank has also revised its SEED POLICY for credit facilities to seed processing units for FY-2020-21 wherein interest rate has been linked with CMR rating and collateral

  • Mr. Dinesh Pant, Chairman & CEO, Nainital Bank donated his ONE month salary to "PM CARES" for COVID 19 outbreak

  • Nainital Bank is contributing Rs. 11.00 lakh (Rs. Eleven lakh only) for Chief Minister Relief Fund under CSR for COVID 19 outbreak victims. new

  • Employees of Nainital Bank contributed Rs. 14.20 lakh (Rs. Fourteen lakh twenty thousand only ) for "PM CARES" for COVID 19 outbreak

  • Bank has opens its 141st Branch at Canal Road, Dehradun .new

  • 97th Annual General Meeting of Nainital Bank held on 20th September 2019, at Nainital
    -Click here for Press Releasenew

  • Launch Of New SB Scheme –Naini Mahila Samrudhi Savings Bank Accountnew
  • Declaration of Result of Online Examination for Recruitment of Officers and Clerks held on August 24 & 25, 2019new

  • Notice for Shareholdersnew

  • Bank sponsored children's football team tournament on 15th August, 2019 where our Chairman & CEO Sh. Dinesh Pant was Chief Guestnew

  • Bank has reduced its interest rates on various Retail products:
    Now Home Loan is available @ 8.40% p.a.
    Car Loan @ 8.80% p.a.
    Education Loan @ 9.60% p.a.
    Personal Loan @ 11.40% p.a.
    Loan to Govt. Contractors @ 9.20%

  • Bank celebrated it's 98th foundation day on 31st July, 2019 with gaiety and enthusiasmnew

  • Waiver of processing, documentation & other charges applicable to "Apna Asiana” and “Suhana Safar” up to 30.09.2019. new

145 Branches - 100% CBS/RTGS/NEFT Enable
Educational Loan Scheme

The scheme aims at providing financial support to deserving students to pursue studies for Professional & Technical Curses in India and abroad.

  • The student should be an Indian National

  • Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/ Merit Based Selection process after completion of HSC (10 plus 2 or equivalent). The Selection procedure should be transparent in nature.

Students admitted under Management Quota are also eligible for loan. In respect of admission through Management Quota, the fees to be considered should be within the fees structure as approved by the State Government or a Government approved Regulatory Body for admission to payment seats in Government Colleges/ Private Self Financing Colleges, Co-operatives and Colleges run by Universities, as the case may be.

Courses Eligibility :

A- Studies in India:

  • Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental Management, Computer, Ayurveda, Homeopath, Physiotherapy.

  • Computer certificate courses of reputed institutes accredited to Department of Electronics or Institutes affiliated to University.

  • Courses like ICWA, CA, CFA, CS.

  • Courses conducted by IIM. IIT, IISc, XLRI, NIFT etc.

  • Evening Professional courses of Institutes approved by State /Central Government/UGC/ Universities.

  • Other courses leading to diploma/degree etc., conducted by colleges/universities approved by UGC/Govt/ AICTE/AIBMS/ICRM.

  • Courses offered by National Institutes and other reputed private institutions.

References for Verifying accreditation /reputation of Institute/ University:,,,; etc.

B -Studies Abroad :

  • Graduation for job oriented professional/technical courses offered by reputed universities.

  • Post-graduation MCA, MBA, MS.

  • Courses conducted by CIMA –London, CPA in USA.

Name/ Ranking of the University/Institutions for studies abroad may be verified from website:

Quantum of Finance :

Need based finance to meet the expenses worked out will be considered taking in to account margins subject to the following ceilings:

  • Studies in India: -Maximum up to Rs.35 Lac.

  • For Study of Medical Science (MBBS & MD/MS) in India: Maximum up to Rs.75 Lac

  • Studies Abroad: -Maximum up to Rs.70 Lac.

Margins :
    1. For Loans Up to Rs.4.00 Lakh : 05%
    2. For Loans above Rs.4.00 Lakh : 15%

Scholarship/assistantship to be included in margin

Margin may be brought in on year to year basis as and when disbursements are made on a pro-rata basis.

Repayment Period :
  • Up to Rs. 7.5 lacs - 120 Months

  • Above Rs. 7.5 Lacs - 180 Months

The above repayment period is exclusive of repayment holiday.

Rate Of Interest :

Click here for latest Rate of Interest