Education and Career Forum

I am interested to study MBBS with the help of an education loan. I have heard about the Indian Bank Prime Educational Loan Scheme. Can anyone of you provide me the details of this particular educational loan scheme?

Details of Indian Bank Prime Education Loan are mentioned below :-

--> Eligibility :- You should have secured admission to any full time course in one of the premier institute listed by the bank.

--> Margin :- Nil

--> Preprocessing Charges :- Nil

--> Repayment Tenure :- 15 Years

--> Interest rate :- 8.50% (List A Institutes) or 9.10% (List B Institutes)

--> Amount of Loan :- Rs. 30 lakhs (List A Institutes) and Rs. 7.5 lakhs (List B Institutes).

The education loan details of Indian Bank Prime Education Loan scheme are detailed below :-

=> Eligibility :-
1. You should be an Indian National.
2. You have to join in full time course in one of the premier institute listed by bank as List-A and List-B.

=> Margin :- Nil

=> Repayment Tenure :- Upto 15 years

=> Security :- Nil (Father's/ Guardians/ Spouse's Co-obligation is sufficient)

=> Processing Charges :- Nil

=> Quantum of Finance :- Need based loan limit upto Rs. 30 lakhs.