Federal Bank Education Loan | Education Loan in India | Student Loan in India | Education Loan for Higher Studies

  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
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