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29th November 2017, 11:32 AM
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Join Date: Aug 2012
Re: IDBI Loan For CDAC

IDBI Bank provides educational loans to students to pursue higher education in India and abroad. Deserving students, according to their eligibility and requirements, can choose from a number of financial loans and repayment options offered. IDBI educational loans help students procure financing options to secure their future.

The CDAC Post Graduation Diploma Comes Under the Category of Non Vocational Course Loan the details of the Loan is given below

Non Vocational Course Loan

This is offered for students of Indian nationality having secured admission through merit-based selection or entrance test for higher education in recognized institutions in India and abroad. This includes studying in Premier Education Institutes, including IIMs, IITs, ISB, and for the ICAI Chartered Accountancy course and for special courses.

Expenses Covered:

Fees payable to the school, college, hostel.
Fees for examination, laboratory, library.
Books, uniforms, equipment, instruments.
Expenses for any computers or laptops required for the course.
Travel expenses incurred during the course.
Building fund or caution deposit with institution bill. Amount should not exceed 10% of total tuition fees for the entire course.
Insurance premium for student, if sought.
Any other expenses required to complete the course such as thesis, projects, and study tours.
The maximum expenditure under D, E, F, G and H should be no more than 50% of the total tuition fees for the course.

Amount given for education loan:

a maximum of Rs. 10 lakhs for studies in India and Rs. 20 lakhs for studies abroad. In case of executive programmes, the maximum loan amount should not exceed Rs. 20 lakhs in India or abroad


Interest Rate

Priority Sector Lending (PSL)
Up to Rs. 10 lakhs for studies in India
and up to Rs. 20 lakhs for studies Abroad 11.00% (BR+1.00%)


Above Rs. 10 lakhs for studies in India
and above Rs. 20 lakhs for studies Abroad 12.00% (BR+2.00%)


For more Information you may Contact to the Nearest branch of the IDBI Bank


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