Go Back   2018-2019 StudyChaCha > StudyChaCha Discussion Forum > General Topics

Old November 13th, 2017, 03:18 PM
Posts: n/a
Default Rules For Education Loan In Indian Bank

I want to apply for Education Loan In Indian Bank so can you please provide me the details of the loan?
Reply With Quote Quick reply to this message
Other Discussions related to this topic
Indian Bank Leave Rules
Indian Bank Loan against Property
Rules For Education Loan Of Central Bank Of India
Rules of Education Loan in SBI
Indian Bank Education Loan Status
Indian Bank Loan House
Indian bank education loan
Indian Bank Loan Calculator
Indian Bank Car Loan EMI Calculator
Indian Bank Loan Home
Rules for Education loan in Canara bank
Indian Bank Personal Loan Rates
Indian Bank Housing Loan Emi Calculator
Indian Bank Personal Loan EMI Calculator
Indian Overseas Bank Loan
Indian Bank Personal Loan Interest
Indian Overseas Bank Car Loan Interest
RBI Home Loan Rules
Indian Bank Education Loan Calculator
Indian Bank Education Loan Scheme

Old November 13th, 2017, 03:38 PM
Educhamp's Avatar
Super Moderator
Join Date: May 2011
Location: Delhi
Posts: 38,230
Default Re: Rules For Education Loan In Indian Bank

Indian Bank provides convenient educational loans for meritorious/deserving students to acquire knowledge and skill in the field of their interest.

By playing beacon, new-generation's quest for success is ably supported, paving way for Generation Banking.

Education Loan

Eligibility -

The applicant should be an Indian National.
Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test/ Merit Based Selection process after completion of HSC (10 plus 2 or equivalent).

Margin -

Upto Rs.4.00 lakhs - Nil.
Above Rs.4.00 lakhs:
For Studies in India - 5%.
For Studies Abroad - 15%.

Repayment Up to 15 years


a. For the loans (limit upto Rs.7.50 lakh) covered Credit Guarantee Fund Scheme for Educational Loans (CGFSEL) – No third party guarantee / collateral to be obtained. Only the parents/guardian/spouse to be the joint/ co-borrowers.

b. For loans NOT covered under Credit Guarantee Scheme:

Upto Rs.4.00 lakhs – Co-obligation of parents.

Above Rs.4.00 lakhs and upto Rs.7.50 lakhs – Co-obligation of parents together with collateral in the form of a satisfactory third party guarantee.

Above Rs.7.50 lakhs – Co-obligation of parents together with tangible collateral security of suitable value along with the assignment of future income of the student for payment of installments.

Other Requirements/Details -

Holiday Period : Course period plus 1 year

Course of study in India: Diploma/Graduation/Post graduation courses in various disciplines in reputed institutes accredited to the Department of Electronics.

Course of study abroad: Job-oriented professional/technical courses offered by reputed universities, MCA, MBA, MS etc. Courses conducted by CIMA - London, CPA in USA etc.


Corporate Office - Postal Address

Indian Bank, Corporate Office,
PB No: 5555, 254-260, Avvai Shanmugam Salai,
Royapettah, Chennai - 600 014

Corporate Office - Phone Number
044 28134300
Answered By StudyChaCha Member
Reply With Quote Quick reply to this message
Our Latest Videos
Sponsored Links


Reply to this Question / Ask Another Question
Your Username: Click here to log in


Forum Jump

All times are GMT +6.5. The time now is 04:26 PM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2018, vBulletin Solutions Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2 3 4 5 6 7 8 9