Skill Loan by Kerala Bank

Students registered for ASAP courses can now avail of skill loans for course fees ranging between INR 5,000 and INR 1,00,000 from the nearest Kerala Bank branch.

Kerala Bank is offering skill loans of up to Rs 1,00,000 for courses offered by Additional Skill Acquisition Programme (ASAP) Kerala. Interested students can avail of the loan from the nearest Kerala Bank branch.


  • The applicant must have secured admission for a skill development course run by ASAP Kerala.  
  • Eligible applicants should have an offer letter issued by ASAP Kerala (provisional admit card).
  • Qualified candidates must comply with KYC requirements, which include possessing documents proving their residency in the area, such as an Aadhaar card, ration card, voter identification card, electricity or phone bill in their name and address, and a bank passbook.

Interest rate

It shall be as per the rate of interest notified by the bank from time to time.

Processing fee

The upfront/processing fee and other fees will be in accordance with the bank’s service charges, which the bank will periodically update.

No collaterals

There is no collateral required to avail of the loan.


Course duration plus 3 months


Borrowers must repay the entire loan amount over a maximum period of 18 months, including the moratorium period of the course plus three months. After the repayment holiday period or as soon as candidates find employment, whichever comes first, repayment must begin. The borrower is responsible for paying interest when it is due, including during any grace period for repayment. If it is not served, the interest accrued during the repayment holiday period shall be added to the principal, and repayment may be fixed in Equated Monthly Installments (EMI).


It is mandatory to arrange for a life insurance policy for the students availing of the loan. The insurance policy shall be assigned in favour of the bank and shall be lodged with the bank.


Please note that the bank reserves the right to refuse loan requests that do not adhere to its terms and conditions.