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IDBI Bank Educational Loan Scheme
Posted Date: 18 Apr 2008 Resource Type: Articles/Knowledge Sharing Category: Educational Loans
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Posted By: Bala Member Level: Diamond
Rating:  Points: 5
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IDBI Bank Educational Loan Scheme
Education loans from IDBI 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 makes sure you get complete financial backing.
Loan Amount
Studies in India - Maximum Rs.10 lacs
Studies abroad - Maximum Rs.20 lacs
Courses offered
An installment based loan for all courses mentioned below:
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.
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.
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.
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.
For more details, visit http://www.idbibank.com
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Responses
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| Author: srinivas palepu 12 May 2008 | Member Level: Silver Points : 2 | very good information on educational loan..thank you
| | 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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