IDBI Bank Educational Loans | www.idbi.com

IDBI Bank Educational Loans | www.idbi.com

IDBI Bank
Website : www.idbi.com/


Bank Type : Nationalized Bank


Abroad Courses

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.

Provided study loan amount in India : Upto 10 Lakhs

Provided study loan amount in Abroad : Upto 20 Lakhs

Eligibility :

For UG Courses : Min. 75% in +2 stage. For PG Courses : First class in UG courses.(In addition to the above, for foreign universities, TOEFL, GRE, GMAT scorecard and I-20 admit card are essential). For Indian Universities :Not more than 30yrs. For International Universities :Not more than 35yrs.

Coverage :

Fee payable to college/ school/ hostel.Examination/ Library/ Laboratory fee.Purchase of books/ equipments/ instruments/ uniforms.Caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipts.Travel expenses/ passage money for studies abroad Purchase of computers – essential for completion of the course.Any other expense required to complete the course – like study tours, project work, thesis, etc.Insurance premium for student borrower.

Margin

Studies in India – upto Rs. 4 lac- Nil.above Rs. 4 lac- 5% of the total course expenses.Studies abroad – 15% of the total course expenses

Interest Rate :

Upto Rs 4 lacs : BPLR – 1% p.a (12.25%).Above Rs 4 lacs : BPLR p.a. (13.25%)

Re-Payment :

The repayment of loan to begin after the course period + 1 year or 6 months after getting a job, whichever is earlier. The loan to be repaid within 5-7 years (maximum tenor 84 months) after commencement of repayment.

Security :

Equitable mortgage property/pledge of NSC, KVP, Bank deposits,shares, LIC policy etc

If you have questions, please ask below

13 Comments

  1. sohil ansari says:

    sir,i am a student of ca(IPCC)actually my parents are not able to afford my coaching fees further for my studies,so i just want to know the term & condition for educational loan.my email id is sohilansari87@yahoo.com.I will be thankful for your cooperation.
    sohil Ansari

  2. Rohan Dalvi says:

    Respected sir/madam,
    I am doing my Hotel Management in 1st yr OF 3YEARS DEGREE COURSE from Global Institute Of Management science in Andheri(E).So my parents cannot afford my 3years fees (Rs.2,50,000/-).And also i got my training placement in GERMANY for 6months,so that fees ,charges are also to be paid.
    i hope you will understand my problem and reply me as early as possible.i will be very thankful for yours co-operation.
    Thanking you,
    Rohan.Dalvi.

  3. azar says:

    hi sir am azar. i want to know the basic norms for the idbi bank for education loan.plz do the needful ASAP

  4. RATI MITTAL says:

    RESPESTED SIR,
    THIS IS IN REFERENCE TO MY ADMISSION IN POST GRADUATION PROGRAMME IN MANAGEMENT ( MBA ) . I NEED A LOAN OF RS .4LACKS . I HAVE ALREADY GIVEN MY 3RD YEAR EXAMINATION BUT I AM STILL AWAAITING FOR MY THIRD YEAR RESULT CAN I GET THE LOAN OF RS. 4 LACKS BEFORE THE FINAL YEAR MARKSHEET , SINCE MY CLASSES ARE STARTING FROM 1ST JULY I HAVE TO ARRANGE THE LOAN AS SOON AS POSSIBLE. PLEASE LOOK INTO MY MATTER AND REPLY AS SOON AS POSIBLE .
    THANK YOU

  5. pawar vishal sanjay says:

    Dear sir,
    I am student of first year engineering stduyning in PUNE UNIVERSITY .I want to apply for education loan in your bank
    please give your details about your producure as early as possible

  6. shankar angane says:

    Dear sir ,
    I am completed my graduation in the year of 2009-10 with 70% my ssc % is 60% & hsc % is 64% . I want to study more
    i want to do MBA But my family is able to pay MBA fee
    should u help me? I Will Accept all ur conditions can u suugest from which college or university i will complete mba. my contact no is 9833412289 And email address is shankarangane1@gmail.com

  7. Rajiv Bhatt says:

    sir…..i am ca final student & i need RS 100000 for the complete my final. can i apply education loan on the behalf of my ca inter degree?….ple tel to me soon.

  8. mali darshan mali says:

    dear sir
    i am student of first year in DIPLOM ENGINEERING in MUMBAI UNIVERSITY.i want to apply for education loan in your bank.
    please call me my phoon no.7276217199/9545945323.
    and my fees(100,000/-)

  9. Vaibhav singh says:

    Respected sir my name is Vaibhav Singh and i’m doing BCA fy
    and my parents have shortage of money to complete my study so i’m wants Education loan for that please give me detail how can i get a loan please reply me…Thanks

  10. Rashid eqbal says:

    Rashid eqbal
    nov 02,2010
    i am student of 1st year pgpbm guru jambeshwar university.i want to apply for education loan in your bank
    plz give your details about your prouducer as earky at possible
    so plz reply

  11. Vinay Kumar Keshri says:

    I am Vinay Kumar Keshri going to take admission in Tata Institute of Social Sciences (SE) please.Plz. send me the requirements,procedures and other details

  12. Kamlesh Kumar Prajapti says:

    Respected Sir/Madam,
    I am student of B.D.S I year. Studding in I.T.S CENTRE FOR DENTAL STUDIES & RESEARCH Delhi Meerut Road, Murad Nager, GHAZIABAD (U.P)

    I want to apply for education lane in your bank
    Pleas gave me your details about your producer as early as possibal

  13. Amarja Jawandare says:

    Respected Sir/Madam,
    I am Completed my Gradution in the year of 2010-11 with 66%. my SSC percentage is 70% and HSC pecentage is 86%. I want study more but. I want to do MCA(Science) but my family is not able to pay fees of MCA bcoz there is a family problems. can u help me? I will accept all ur conditions.
    plz help me. this is my contact no-8805122351 and this is email-amureddy305@gmail.com.
    Thank you.

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