#1  
22nd June 2022, 09:35 PM
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Complete information about Indian Overseas Bank Vidya Jyoti Education Loan Scheme


Hello friends, can anyone of you please let me know about the details of education loan scheme of Indian Overseas Bank? I have heard about Vidya Jyoti Education Loan Scheme but donít know much more about this. Kindly tell me about this scheme.




  #2  
23rd June 2022, 10:23 PM
Hera tabrez
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Default Re: Complete information about Indian Overseas Bank Vidya Jyoti Education Loan Scheme

The minimum amount for this loan is 7.5 lacs . The maximum loan amount for studying in India is Rs 30 lacs and for studying abroad is Rs 40 lacs.

If a student is unable to complete the course on time , the bank may offer qn extension of upto 2 years.

Those who have taken admission in a reputed college can apply for education loan.

Children or wards of IOB employees get a discounted spread of 1.9% .

The bank offers 1% interest concession to borrowers if interest is services during the moratorium period.
Do you have any question? or have anything to say?



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