Student Education Loans by 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 7.5 Lakh
• Studies Abroad - Up to 15 Lakhs

 

 Loan Period

             Course period + 5 - 7 years

Interest rate
                       

Mode of Repayment:

• Repayable in equal monthly installments in 5 to 7 years after moratorium period
• No repayment during moratorium period