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Indian Bank provides convenient educational loans for meritorious/deserving students to acquire knowledge and skill in the field of their interest.
a) For Studies in India
b) Studies abroad:
Coverage of expenses
Higher quantum of loan also can be considered in deserving and meritorious cases.
Documents should be executed both by the student and parent / guardian as joint borrower.
12.25 % p.a. at present (irrespective of the loan limit sanctioned under both IBA as well as non-IBA scheme)
Concession of 0.50% in applicable rate of interest will be allowed on fresh Educational Loans under IBA Scheme to Girl Students for studies in India and Abroad with effect from 1st July 2009. This interest concession will not be applicable to Education Loans under non-IBA scheme.
Educational Loan borrowers who are enjoying finer rate of interest allowed to select premier educational institutions.
Floating Rate linked with Base Rate (BR) of the Bank and liable to undergo changes whenever there is a change in BR.Repayment
Holiday Period- The course period PLUS 1 year or 6 months after getting a job, whichever is earlier.
Repayable in 10-15 years
Indian Bank - Corporate Office
PB No: 5555, 254-260, Avvai Shanmugam Salai,
Royapettah, Chennai - 600 014
Telephone No. : 044-28134300
National Toll Free No.: 1800 425 00 000 / 1800 425 4422
E-mail : Contact Now
Website : visit
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.
TagsProfessional Education Loan , Study Abroad Loan
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