Indian Bank Education Loans

Indian Bank offers educational loans for students to acquire knowledge and skill in the field of their interest. The loan amount will generally will take care of the costs of education such as covering tuition fees, Exam fees, Development fees, Hostel fees, books, instruments etc.

Courses Eligible

Studies in India

Diploma/Graduation/Post-graduation courses in various disciplines.
Computer certificate courses of reputed institutes accredited to the Department of Electronics, Government of India.

Studies abroad

Job-oriented professional/technical courses offered by reputed universities. MCA, MBA, MS etc.
Courses conducted by CIMA – London, CPA in USA etc.
Duration of the course: Minimum - 12 months Maximum - 48 months

Amount of Loan

For Studies in India - Rs.7.50 lakhs
For Studies Abroad - Rs.15.00 lakhs
Higher quantum of loan also can be considered in deserving and meritorious cases.

Margin

Up to Rs.4.00 lacs - NIL
Above Rs.4.00 lacs
For Studies in India - 5%
For Studies Abroad - 15%

Rate of Interest

Up to Rs.4 lacs-11% p. a. at present
Above Rs.4 lacs -11.50% p. a. at present
For further details, click on the link:
Indian Bank Education Loans