IDBI Bank Education Loan Chennai

I am studying at Chennai in a govt. college and wish to do MBA from any top ranked private college. I haven’t enough money for my fee. Can I apply for education loan from IDBI Bank Chennai? What are its procedure and qualification requirements?

[Shaleen]

Education loans from IDBI Bank proves to provide financial assistance to deserving students for pursuing higher education in India and abroad.
Courses on which loan has been given
BA, B.Com., B.Sc., etc Masters & Phd ,Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc
Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university
Courses like ICWA, CA, CFA etc
Courses conducted by IIM, IIT, IISc, XLRI. NIFT etc
Courses offered in India by reputed foreign universities

Loan Amount

Maximum loan amount:
Study in India-10 lakhs
Study Abroad -20 lakhs

Rate of interest

Up to 4 lakhs - 13.50%p.a.(Linked to BR)

Above 4 lakhs and up to 7.5 lakhs - 13.25%p.a.(Linked to BR)

Above 7.5 lakhs up to 20 lakhs - 12.50%p.a.(Linked to BR)

Dear sir ! I wanted to take education loan from IDBI bank branch Chennai would you please provides me information regarding to education loan scheme of IDBI bank ?

[pawan]

Here we provide you educational loan policy of IDBI bank as follows
1
Objective
To provide full interest subsidy for the period of moratorium on Education Loan to the
students from Economically Weaker Section
2 Eligibility
Students from Economically Weaker Sections (EWS) with a parental upper
income limit of Rs. 4.50 lacs per annum. As per scheme,
Admission to approved technical/professional courses in India after class XII in
other institutions recognized by the concerned statutory bodies
Indian Institutes of Management (IIMs) and other
institutions set up by the Central Government
This scheme shall be applicable in respect of disbursements made on or after 01st
April 2009 and for the academic year 2009-10, irrespective of date of sanction.
3
Loan
Amount
Studies in India - Maximum Rs.10 Lakh
4
Extent of
assistance Full Interest during the moratorium period of the loan.