|
|
| COMPARE : EDUCATION LOANS |
|
|
|
|
|
|
|
| Introduction |
|
| 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. |
|
|
|
|
| Highlights |
|
| |
Study Abroad |
Study India |
| Course |
Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Fee payable to college/hostel, Examination/Lib
rary/Laboratory
, Purchase of books/equipment
/instruments, Purchase of computer, Passage fare for travel |
Fee payable to college/hostel, Examination/ Library/ Laboratory, Purchase of books/equipment
/instruments, Purchase of computer |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 2000000
|
Min. - Rs 50000
Max. - Rs 1000000
|
| Margin Money |
Upto Rs. 4 lac - Nil
Above Rs. 4 lac - studies abroad - 15% of the total course expenditure
|
* Upto Rs. 4 lac - Nil
* Above Rs. 4 lac - studies in India - 5%
|
| Tenure |
Min. - 5 Yrs.
|
|
| Interest Rate |
Up to Rs. 4 lakh - 13.25%
Above Rs. 4 lakh to 7.5 lakh - 13.50%
Above 7.5 lakh to 20 lakh - 13.00
|
Up to Rs. 4 lakh - 13.25%
Above Rs. 4 lakh to 7.5 lakh - 13.50%
Above 7.5 lakh to 20 lakh - 13.00
|
| Time to Process Loan |
|
7 days |
|
|
 Fees & charges
Fees & charges
|
|
|
|
|
|
Security
|
Security |
|
|
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). |
|
|
|
Terms & Conditions
|
Terms & Conditions |
|
|
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. |
|
|
|
|
|
|
Show All Education Loans
|
|
|
|
|
|
Twitter