Indian Overseas Bank Educational Loan, Loan from Indian Overseas Bank, Indian Overseas Bank Edu Loan Schemes

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Indian Overseas Bank

Eligibility : Should have a good academic record

Maximum Amount for India : Rs.200000
Maximum Amount Overseas : Rs.600000

Documents to be Submitted : Mark sheets, admission approval, address proof, photograph, income proof

Time to Process : 1 Week

Interest Rate :

In India

Upto Rs.400000: 12% pa
Above Rs.400000: 13% pa.

For Overseas

Upto Rs.400000: 12% pa
Above Rs.400000: 13% pa
Collateral and Third Party guarantee required

Tenure : Maximum of five years

Repayment

Maximum after 3 months of completion of course or securing a job whichever is earlier.

DOU=25012008

For updated information please visit Indian Overseas Bank

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