IDBI Education Loan - 2018-2019 StudyChaCha

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Old September 13th, 2017, 12:24 PM
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Default IDBI Education Loan

Hi I would like to have details of the education loan offered by IDBI Bank for Non Vocational as well as Professional Courses?
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Old September 13th, 2017, 01:37 PM
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Default Re: IDBI Education Loan

Education Loans from IDBI Bank goes for giving monetary help to meriting/commendable understudies for seeking after advanced education in India and abroad. With a variety of administrations to look over and simple reimbursement choices, IDBI Bank ensures you get finish budgetary sponsorship.

Highlights and Benefits:

Non Vocational Courses:

This is offered for understudies of Indian nationality having secured affirmation through legitimacy based determination or passage test process after finishing of HSC (10+2) for advanced education in perceived establishments in India and abroad. This incorporates examining in Premier Education Institutes, including IIMs, IITs, ISB, and for the ICAI Chartered Accountancy course and for extraordinary courses.

It is likewise offered for understudies who have secured confirmation under Management Quota albeit qualified under legitimacy, which means the understudy has secured checks over the cut-off level required for justify based affirmation as indicated by the General/Girls/SC/ST/OBC determinations for that organization.

Kind of courses:

a) Studies in India:

Endorsed courses for graduation or post-graduation and PG certificates by colleges or universities perceived by UGC, Govt., AICTE, AIBMS, IMCR, and so on.

Occupation arranged courses for specialized or proficient degrees, postgraduate and confirmations in perceived organizations.

Specialized certificates after tenth standard, offered by affirmed polytechnic foundations (normally three years).

If there should arise an occurrence of double courses, where part of the course is abroad, the household course will be considered.

Endorsed courses offered by presumed outside schools/colleges in India.

b) Studies Abroad:

Graduation for work situated specialized or expert courses offered by presumed colleges.

Post-graduation for MBA, MS, MCA, and so forth., and endorsed confirmation courses.

Courses by CPA in USA, CIMA-London, and so on.

Unique courses:

Degree or certificates for pilot preparing, delivery, aeronautical by perceived administrative bodies with the end goal of work in India or abroad.

Costs Covered:

Expenses payable to the school, school, lodging.

Expenses for examination, research facility, library.

Books, regalia, gear, instruments.

Costs for any PCs or tablets required for the course.

Travel costs brought about amid the course.

Building asset or alert store with foundation charge. Sum ought not surpass 10% of aggregate educational cost charges for the whole course.

Protection premium for understudy, if looked for.

Some other costs required to finish the course, for example, postulation, undertakings, and study visits.

The most extreme use under D, E, F, G and H ought to be close to half of the aggregate educational cost expenses for the course.

Sum given for Education Loan:

As indicated by the reimbursing limit of the guardians or understudies, the credit sum is chosen subject to a most extreme of Rs. 10 lakhs for thinks about in India and Rs. 20 lakhs for examines abroad. If there should arise an occurrence of official projects, the most extreme advance sum ought not surpass Rs. 20 lakhs in India or abroad.

Loan fees:

The IDBI instructive advance loan fee for non-professional courses qualifying according to Priority Sector Lending (PSL)

Development Slab
Loan fee (% p.a.)

Need Sector Lending (PSL)
Up to Rs. 10 lakhs for contemplates in India
Furthermore, up to Rs. 20 lakhs for considers Abroad
11.00% (BR+1.00%)

Not Priority Sector Lending
Above Rs. 10 lakhs for considers in India
or more Rs. 20 lakhs for thinks about Abroad
12.00% (BR+2.00%)

Rates for understudies in Premier Education Institutes (counting ISB) is 10.00% (BR+0.00%)

For those understudies who secured affirmation under Management Quota the rate of intrigue is 13.50% (BR+3.50%).


According to the IDBI instructive credit strategy, the ban time frame is up to 1 year after the length of the course or a half year in the wake of landing a position, whichever is prior. After this period, the length reimbursement residency is:

Loans up to Rs. 7.5 lakhs

Up to 10 years

Loans above Rs. 7.5 lakhs

Up to 15 years

Professional courses:

Instructive credits offered to Indian nationals having secured confirmation in a course run or upheld by an association or bureau of the Government. Or, on the other hand an association upheld by State Skill Corporations, State Skill Mission, or National Skill Development Corporation. It is best in the event that it prompts an endorsement, confirmation or degree issued by an association perceived by the Government or a Government association itself.

Sort of courses:

Professional or ability improvement courses, the span of which is 2 months to 3 years.

State Level Banker's Committee or State Level Coordination Committee may include other ability improvement courses prompting work.

Costs considered:

Educational cost or course charges.

Charges for examination, lab and library.

Books, gear, instruments.

Alert store.

Protection premium for understudy, if looked for.

Some other costs required to finish the course to be considered on justify.

Sum given for training credit:

Back depends on the length of the course and is given on require premise:

Course term

Up to 3 months
Up to Rs. 20,000/ -

3 months to a half year
Up to Rs. 50,000/ -

a half year to 1 year
Up to Rs. 75,000/ -

Over 1 year
Up to Rs. 1,50,000/ -

Financing costs:

The rate of intrigue is 11.00% (BR+1.00%).


The ban time frame for courses up to the term of 1 year is a half year after the finish of the course.

For courses over 1 year length, it is a year after the fulfillment of the course.

After this period, the length reimbursement residency is:

Advances up to Rs. 50,000
Up to 2 years

Advances between Rs. 50,000 to Rs. 1 lakh
2 to 5 years

Advances over 1 lakh
3 to 7 years
Answered By StudyChaCha Member
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