Indian Bank of India

My brother planning to do his next studies from Abroad, so my father wants to take Education loan from Indian Bank of India, so please provide here details about Indian Bank of India Education loan???

[Arun Vats]

Indian Bank of India Education loan details are as given below:

Education loan

Eligibility
The applicant should be an Indian National. He/She should have secured admission to professional/technical courses in India/Abroad through Entrance Test/Merit based selection process.

Amount of Loan
For studies in India – Rs.15.00 lakh
For studies Abroad - Rs.25.00 lakh

Margin
Upto Rs.4.00 lakhs - Nil. Above Rs.4.00 lakhs:For Studies in India - 5%
For Studies Abroad - 15%

Repayment
Up to Rs.7.50 lakh : Repayable in 10 years
Above Rs.7.50 lakh: Repayable in 15 years