COMPARE : EDUCATION LOANS
Indian Bank Education Loan
Introduction
Meritorious and deserving students who want to acquire knowledge in their interest field need not sit back because of lack of fund. Indian bank is there to help you by providing education loan for all your expenses from tuition fee to purchase of books, caution deposits, etc. bank even take care of insurance premium for student borrower. Bank has life insurance cover for the student borrowers under the 'IB Jeevan Vidya' Insurance Scheme.
Highlights
  Study Abroad Study India
Course Graduation Graduation
Loan Type Term Loan Term Loan
Loan Purpose Fee payable to college / hostel, exam, purchase of books / equipments, purchase of computer, travel expenses / passage money Fee payable to college / hostel / exam, purchase of books / equipments, purchase of computer
Loan Amount Higher Quantum of loan subject to a maximum of Rs.15 lakhs for studies in India and RS.25 lakhs for studies abroad also can be considered in deserving and meritorious cases Higher Quantum of loan subject to a maximum of Rs.15 lakhs for studies in India and RS.25 lakhs for studies abroad also can be considered in deserving and meritorious cases
Margin Money Upto Rs.4.00 lakhs - Nil.
Above Rs.4.00 lakhs - 15%
Upto Rs.4.00 lakhs - Nil.
Above Rs.4.00 lakhs: 5%
Tenure Min. - 5 Yrs.
Max. - 7 Yrs.
Min. - 5 Yrs.
Max. - 7 Yrs.
Interest Rate Base rate of the bank is 10.25% base rate of the bank is 10.25%
Time to Process Loan   7 days
 Fees & charges
 Security
 Terms & Conditions
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EDITORS' PICKS
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