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Federal Bank Special Vidya Loan is available for the meritorious students who are provided with an opportunity to pursue education with the financial support from the bank. Loan can be availed for higher studies in India and Abroad excluding vocational training ND skill development study courses.
Coverage of Expenses
Quantum of finance is subject to repaying capacity of the parents / students. Satisfactory performance of the student necessary for continued disbursal.
Documents should be executed by the student and parent / guardian as joint borrowers.
Documents Required :
Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
Offer letter / Admission letter
Basic Qualification & mark-list
Proof of Fees structure
Moratorium period + 5 to 7 years.
(Moratorium period will be period of the course + one year / 6 months after getting job, whichever is earlier)
Repayment of the loan is made as Equated Monthly Installments (EMI).
You can use any one of the ways to repay the loan:
Rate of Interest
For interest rate check out this link, Federal Bank Interest Rate
The Federal Bank Limited
Federal Towers, Aluva - 683 101, Kerala, India
Telephone No. : +91-484-2623620 to 29
Fax No. : +91-484-2622672
E-mail : Contact Now
Click here for the nearest bank branches
Note : Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.
TagsStudy Abroad Loan , Federal Bank Education Loan
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