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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