Education Loan Interest Subsidy Indian Bank

Hii sir, I Wants to get the Information Abut the Concession Subsidy given to the Female Students in the Education Loan of the Indian Bank ?

[pawan]

An Indian Bank educational loan helps individuals to cover costs involving college fees, hostel fees, exam fees, books and equipment fees, travel or passage money for overseas education and other student expenses.

Eligible courses:
Education in India:
Students applying for diploma, undergraduate or postgraduate courses regardless of the discipline are eligible to avail an Indian Bank education loan.

Education loans can also be availed for computer certificate courses from institutions accredited to The Department of Electronics.

Education Abroad:
Indian Bank educational loans are offered for job-oriented professional or technical courses offered by universities.

Students applying for an MBA, MCA, MS and courses conducted by CIMA - London and CPA in USA are also eligible to avail an Indian Bank educational loan.

Eligibility:
All applicants are required to be Indian citizens.
Students who apply for an Indian Bank education loan, should have secured admission to professional or technical courses in India or abroad through an Entrance test or a merit based selection process.

Rate of Interest:
Indian Bank offers education loans at a floating interest rate of 12.50% per annum with a concession of 0.50% on the interest rate under the IBA scheme for female students.

For more Detials you may Contact to the Nearest branch of the Indian Bank