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  #1  
Old January 25th, 2012, 06:46 PM
vasanthmvl72
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Default 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.
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  #2  
Old March 20th, 2012, 10:49 AM
farha khan
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Default IDBI Bank Education Loan Application

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?
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  #3  
Old March 22nd, 2012, 06:10 PM
yogesh p bidwe
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Default IDBI Bank education loan rate

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?
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  #4  
Old March 26th, 2012, 06:33 PM
lalit singh
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Default IDBI Bank Education Loan Hyderabad

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?
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  #5  
Old March 7th, 2014, 12:37 PM
Sashwat's Avatar
Sashwat
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Join Date: Jun 2011
Default Re: IDBI Bank 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



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