Indian Bank Educational Loan - Student Loans in India
INDIAN BANK EDUCATIONAL LOAN
Eligibility : Should be an Indian National Should have Secured admission to professional technical courses in India or abroad through entrance test /merit based selection process The loan has to be availed at the branch nearest to the place of domicile of the parents.
AGE: Studies in India 15 to 30 years. Studies Abroad 18 to 35 years
Loan Amount: For Studies Abroad Maximum permissible loan up to RS 20 lakh*
For studies in India Maximum permissible loan up to RS 10 lakhs* Higher quantum of loan can also be considered in deserving and meritorious cases.
Repayment: Repayable in 5 -7 years in EMI, to commence from 12 months after course completion or 6 months after employment whichever is earlier.
Expenses Considered for Loan:
- Fees payable to College /Hostel , Examination Fees, Purchase of Books, Computers, Other Equipments, Travel and passage expenses (For studies abroad only).
- Caution deposit./Building Fund/ Refundable Deposit – Subject to a maximum of 10% of the tuition fees of the entire course.
STUDENTS PURSUING PROFESSIONAL DEGREE
COURSES CAN APPLY ON – LINE ALSO
Indian Bank
Taking Banking Technology to the Common Man
www.indianbank.in
H.O 66, Rajaji Salai, Chennai 600 001.
Toll free No: 1800 425 1400
E- Mail: indbank@vsnl.com
Also See
Public Sector Banks to offer Insurance linked Education Loans
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