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Federal Bank Educational Loan Scheme - Special Vidya Loan

Posted Date: 18 Apr 2008 Resource Type: Articles/Knowledge Sharing Category: Educational Loans

Posted By: Bala Member Level: Diamond
Rating:

Points: 4

Federal Bank Educational Loan Scheme - Special Vidya Loan

Purpose:

The prime object is to provide every meritorious student though poor with an opportunity to pursue higher studies in India & Abroad with the financial support from the banking system with affordable terms and conditions.

Eligibility:

Should be an Indian National

Secured admission to professional/technical courses through Entrance test/ Merit based selection process

Secured admission to foreign university / institutions (for studies abroad)

Course & Institution should have necessary approval/recognition

Loan Amount:
Studies in India - Up to 7.5 Lakh

Studies Abroad - Up to 15 Lakhs

Laon Period
Course period + 5 - 7 years

Mode of Repayment:

Repayable in equal monthly installments in 5 to 7 years after moratorium period

No repayment during moratorium period

For more details, visit http://www.federalbank.co.in

Responses

Author: Shinu 31 May 2008

Member Level: Gold Points : 2

I was looking for information on loans. I have been interested in this and happy to read more about it.Thanks for the information

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