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Education Loan from Federal Bank
Kapil G.
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
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