No, an individual cannot avail of a loan on an SSY account. However, you can make a withdrawal of up to 50% of the balance available at the end of the preceding financial year. The withdrawal is permissible if the girl child attains the age of 18 years or passes the 10th standard of education. You can withdraw a lump sum amount at any time or make multiple withdrawals in instalments. You can withdraw in instalments for a period of 5 years.