Education Loan from 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/recognition

Loan Amount:

  •   Studies in India - Up to 10 Lakh
  •   Studies Abroad - Up to 20 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

Subscribe to our Newsletter
×