IDBI Bank Education Loan

I am student of MBA I have selected through CAT and now my father financisl conditions are very bad because of loss of company , so provide me details of educational loan of IDBI bank what is educational interest and what are conditions for Indian students.

I want to apply for education loan from IDBI bank so for apply from where can I get application form? Which type of document I need to attach which application form?

I want to apply for education loan in IDBI Bank for higher study, so can you give me information about interest rate for IDBI Bank education loan?

My son is pursuing B.Tech from Birla Institute of Technology and Science and for his study I want to apply for education load from IDBI bank so what is procedure for apply? What is interest rate for education loan?

here I am giving you information about education loan policy of IDBI bank for non vocational courses in a PDF file attached with it .. so you can get it easily..

Quantum of finance
Need based finance subject to repaying capacity of the parents/students with margin and the following ceilings:
a. Studies in India – Maximum Rs.10 lakh
b. Studies abroad – Maximum Rs. 20 lakh
Note: In case of Executive programs in India and Abroad maximum financing should not exceed Rs. 20 lakh.

Interest rates as on February 2014 :
Education Loan (Floating)
Non-vocational
Loan amounts qualifying as Priority Sector Lending (PSL)
1. Up to Rs. 10 lac for studies in India
2. Up to Rs. 20 lac for studies Abroad
11.25% (BR+1.00%)

Loan amount not qualifying as Priority Sector Lending (PSL)
1. Above Rs. 10 lac for studies in India
2. Above Rs. 20 lac for studies Abroad
12.25% (BR+2.00%)

Vocational Courses
11.25% (BR+1.00%)

Education Loans for students studying in Premier Education Institutes (including ISB)
10.25% (BR+0.00%)

Education Loan for other students who secured admission under Management Quota.
13.75% (BR+3.50%)

Education Loan under Financial Inclusion program (FIP)
11.75% (BR+1.50%)

Documents Required :
Completed application Form.
Obtain a declaration/affidavit from the borrowers confirming that, no educational loans have been availed from other banks.
Applicant: -Age Proof -ID proof -Address Proof -Mark sheets of last qualifying examination -Proof of admission, scholarship, studentship etc -Schedule of expenses for the specified course.

IDBI bank non vocational course loan details

__________________
Answered By StudyChaCha Member