Education Loan In Indian Bank

Indian Bank provides convenient educational loans for meritorious/deserving students to acquire knowledge and skill in the field of their interest. By playing beacon, new-generation's quest for success is ably supported, paving way for Generation Banking.

» Apply Online for Educational Loan

Eligibility

The applicant should be an Indian National. He / She should have secured admission to professional / technical courses in India or abroad through Entrance Test / Merit based selection process..

Course of Study

Studies in India

Diploma/Graduation/Post-graduation courses in various disciplines. Computer certificate courses of reputed institutes accredited to The Department of Electronics.

Studies Abroad

Job-oriented professional/technical courses offered by reputed universities. MCA, MBA, MS etc. Courses conducted by CIMA - London, CPA in USA etc.

Maximum Permissible Amount of Loan

.For Studies in India - Rs.10.00* lakhs 

.For Studies Abroad - Rs.20.00* lakhs

* Higher quantum of loan also can be considered in deserving and meritorious cases.

Security *

Documents should be executed both by the student and parent / guardian as joint borrower.

1. Upto Rs. 4 lacs - No security

2. Above Rs. 4 lacs & Upto Rs.7.50 lacs - Collateral in the form of satisfactory third party guarantee

3. Above Rs.7.50 lacs - Co-obligation of parents / guardians together with tangible collateral security of suitable value along with assignment of future income of the student for payment of installments.

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