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| COMPARE : EDUCATION LOANS |
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| Introduction |
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| IDBI bank offers financial support to the aspiring and meritorious students who aim to pursue higher education in India and abroad. Bank offers loan for graduation courses, post graduation, technical and professional courses with an easy repayment options. |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Graduation: For job oriented professional / technical courses offered by reputed universities. Post graduation: MCA, MBA, MS, etc. Courses conducted by CIMA- London, CPA in USA etc.
Special Courses
The loan is provided for
Regular Degree/Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/Shipping. |
The loan is provided for:
Graduation courses: BA, B.Com., B.Sc., etc
Post Graduation courses: Masters & Phd
Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc
Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university
Courses like ICWA, CA, CFA etc
Courses conducted by IIM, IIT, IISc, XLRI. NIFT etc
Courses offered in India by reputed foreign universities
Evening courses of approved institutes
Other courses leading to diploma / degree etc. conducted by colleges / universities approved by UGC / Govt. / AICTE/ AIBMS / ICMR etc
Courses offered by National Institutes and other reputed private institutions. |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 2000000
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Min. - Rs 50000
Max. - Rs 1000000
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| Margin Money |
Upto Rs. 4 lac - Nil
Above Rs. 4 lac 15%
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* Upto Rs. 4 lac - Nil
* Above Rs. 4 lac - 5%
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| Tenure |
Min. - 10 Yrs.
Max. - 15 Yrs.
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Min. - 10 Yrs.
Max. - 15 Yrs.
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| Interest Rate |
12.25 %
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12.25 %
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| Time to Process Loan |
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7 days |
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 Fees & charges
Fees & charges
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Study Abroad |
Study India |
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| Comment on Charges |
Processing Fee - 1% of the loan amount subject to a maximum of Rs. 5000/-
plus service tax |
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Security
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Security |
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Up to Rs 4 lacs: No security
Above Rs 4 lacs and up to Rs. 7.5 lacs: Collateral in the form of a third party guarantee
Above Rs 7.5 lacs : Collateral security in the form of Land/ building, (The minimum value shall be 1.33 times the amount of loan sought).
Govt. securities/ Public Sector Bonds/ Units of UTI, NSC, KVP, LIC policy, gold, shares/ debentures, bank deposit in the name of parent/ guardian or in the name of the co-applicant (The minimum value shall be 1.1 times of the amount of loan sought). |
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Terms & Conditions
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Terms & Conditions |
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The loan to be repaid in 5-7 years (maximum tenor 84 months) after commencement of repayment.
Duration of the course period + 1 year / 6 months after getting a job, whichever is earlier. |
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