Education and Career Forum

Respected Sir/Madam, I came to know that Indian Bank provides an education loan. I really don’t know about this Education Loan scheme. I want to do MBBS course. Can anyone of you let me know about this Education Loan scheme of Indian Bank?

Details of Indian Bank Education Loan Scheme for pursuing MBBS course are :

=> Eligibility :- You should have secured admission to MBBS course in a Government recognised university.

=> Maximum amount of education loan offered is 30-35 lakhs.

=> Processing Charges :- Nil

=> Margin :- Nil

=> Repayment Tenure :- 15 years

=> Interest Rates :-
List-A institutes :- 8.50% per annum and List-B institutes :- 9.10% per anum.

Details about Indian Bank Education Loan Scheme for MBBS aspirant are:-

Eligibility criteria –
All applicants are required to be Indian citizens
Students who apply for an Indian Bank Education Loan, should have secured admission to professional or technical courses in India or abroad through an Entrance test or a merit based selection process.

Interest rates –
Indian Bank offers education loans at a floating interest rate of 12.50% per annum with a concession of 0.50% on the interest rate under the IBA scheme for female students.