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| COMPARE : EDUCATION LOANS |
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| Federal Bank Education Loan |
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| Introduction |
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Federal bank provides two schemes for education loans. Its Special Vidya Loan Scheme is given to meritorious students are provided with an opportunity to pursue education with the financial support from the bank with affordable terms and conditions.
Can be availed for higher studies in India & Abroad excluding vocational training & skill development study courses.
Its Career Solutions Loan Scheme is provided for financial assistance to the needy and deserving young people to pursue higher education, vocational training courses, Pilot trainings, skill up gradation, diploma or degree courses offered in aviation, hospitality and travel management, executive development etc. |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 2000000
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Min. - Rs 50000
Max. - Rs 1000000
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| Margin Money |
Up to Rs 4.00 Lakh : No Margin
Above Rs 4 Lakhs - 15%
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Up to Rs 4.00 Lakh : No Margin
Above Rs 4 Lakhs - 5%
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| Interest Rate |
interest ranges from 13.30% to 14.83%
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interest ranges from 13.30% to 14.83%
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| Time to Process Loan |
7 days |
7 days |
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 Fees & charges
Fees & charges
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Security
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Security |
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No security is needed Up to Rs 4 Lakhs. |
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Terms & Conditions
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Terms & Conditions |
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Monthly / periodical interest during the holiday period to be serviced and Balance at the end of the course to be repaid in equal monthly installments. And repayment should begin when the student secures employment or within 12 months after the completion of the course, whichever is earlier. |
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Show All Education Loans
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