Education Loan
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.

http://www.idbi.com/loan_Education_Loan.asp

Courses offered
An installment based loan for all courses mentioned below:
a. Studies in India:
** Graduation courses: BA, B.Com., B.Sc., etc
** Post Graduation courses: Masters & Phd
** Professional courses: 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
** Evening courses of approved institutes
** Other courses leading to diploma / degree etc. conducted by colleges / universities approved by UGC / Govt. / AICTE/ AIBMS / ICMR etc
** Courses offered by National Institutes and other reputed private institutions. Banks may have the system of appraising other institution courses depending on future prospects/ recognition by user institutions.

b. Studies abroad:
** 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.

c. Special Courses
** Regular Degree/Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/Shipping. In case the course is pursued abroad, the competent local aviation/shipping authority should recognize the Institute.

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

Loan Margin:
** Upto 4 lac - Nil
** Above 4 lac -
- studies in India - 5% of the total course expenditure - studies abroad - 15% of the total course expenditure

Expenses Covered under Loan
** Fee payable to college / school/ hostel
** Examination / Library / Laboratory fee
** Purchase of books / equipments / instruments / uniforms
** Caution deposit / building fund / refundable deposit supported by Institution bills / receipts
** Travel expenses / passage money for studies abroad
** Purchase of computers - essential for completion of the course
** Any other expense required to complete the course - like study tours, project work, thesis, etc.
** Insurance premium for student borrower

Repayment terms
The repayment of loan to begin after the course period + 1 year or 6 months after getting a job, whichever is earlier. The loan to be repaid within 5-7 years (maximum tenor 84 months) after commencement of repayment.

Contact Us
IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai** 400005.