Educational Loans - Federal Bank
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/recognitionLoan Amount: - Studies in India - Up to 7.5 Lakh
- Studies Abroad - Up to 15 Lakhs
Loan Period - Course period + 5 - 7 years
Interest rate Loan Amount
| Interest rate
| Card rate for Girl Students
|
| Loans upto Rs.4 Lacs | 13.25 | 12.75 |
| Loans above Rs. 4 Lacs | 14.75 | 14.25 |
Mode of Repayment:- Repayable in equal monthly installments in 5 to 7 years after moratorium period
- No repayment during moratorium period
For details, click on
Federal Bank of India 