IDBI Bank Education Loan Abroad

In Abroad IDBI Bank give the education loan please tell me about this because I want to take education loan from this bank so want to know about this

[Shaleen]

I am giving the educational loan details of IDBI Bank for your reference. Go through it. Education loans from IDBI Bank aim at providing financial support to deserving / meritorious students for pursuing higher education in India and abroad. With an array of courses to choose from and easy repayment options, IDBI Bank makes sure you get complete financial backing. Graduation: For job oriented professional / technical courses offered by reputed universities. Post graduation: MCA, MBA, MS, etc. Courses conducted by CIMA- London, CPA in USA etc.

For the interest rates and other details you can use the pdf file provided.

Hi I want to do higher studies in abroad so for this I want to get the Education Loan from IDBI Bank so provide me the details regarding this?

[Arun Vats]

Education loans from IDBI Bank aim at providing financial support to deserving students for pursuing higher education in India and abroad.

IDBI offers loan for an array of courses to choose from and easy repayment options.

[B]Loan Feature[/B]

Loan Amount Study in India-Rs.10 lakhs;Study Abroad -Rs.20 lakhs
Interest Rate 12.5%-13.5%
Tenure Repayment holiday / moratorium : Duration of the course period + 1 year / 6 months after getting a job, whichever is earlier. The loan to be repaid in 5-7 years after commencement of repayment.

Pre Payment Charges Before 6 Months:6%; 7-12
Months: 4%;More than 12 Months: 3%

Service Charges Processing Fee: 2.25% of the Loan Amount

[B]Eligibility-

Studies abroad: [/B]

Graduation; Post graduation: MCA, MBA, MS, etc. Courses conducted by CIMA- London, CPA in USA etc.

Maximum Loan Amount

Study Abroad -Rs.20 lakhs
Study in India-Rs.10 lakhs

Rate of Interest

Up to Rs. 4 lakhs - 12.00% (BPLR - 1%)
Above Rs. 4 lakhs - 13.00% (BPLR )

Other Charges : Education Loan

[B]Documentation Fees[/B]

Upto 1 Lac Loan Amount: Rs. 850

>1Lac <=2 Lac Loan Amount:Rs.1100

>2 Lac<=3 Lac Loan Amount:Rs.1400

>3 Lac Loan Amount Rs.1650

Insurance Charges

Upto 1 Lac Loan Amount: Rs. 825

>1Lac <=2 Lac Loan Amount:Rs.575

>2 Lac<=3 Lac Loan Amount:Rs.875

>3 Lac<=5 Lac Loan Amount:Rs.1125

>5 Lac<=7.5 Lac Loan Amount:Rs.1495

>7.5 Lac<=10 Lac Loan Amount:Rs.1995

Education Loan (Floating)

Non-vocational

11.25% (BR+1.00%)

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

Loan amount not qualifying as Priority Sector Lending (PSL)

12.25% (BR+2.00%)

1. Above Rs. 10 lac for studies in India
2. Above Rs. 20 lac for studies Abroad

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%)

[B]Contact details
[/B]
IDBI Bank
Near By Mulund Station,
Bodke Building,
N .S Road, Mulund West,
Mumbai, Maharashtra 400080 ‎
022 2561 4781 ‎ •

Map location
[MAP]IDBI Bank, Mulund West, Mumbai[/MAP]