Education and Career Forum

I am interested to study Diploma in Mechanical Engineering. For this course I will apply an education loan. I want to apply an education loan from IDBI Bank. So, I would like to know about the expenses which covers in this bank’s education loan scheme?

Expenses covered under IDBI Bank Education Loan Scheme are mentioned below:-

—> Fee payable to college/ school/ hostel.
—> Examination/ Library/ Laboratory fee.
—> Caution deposit, Building fund / refundable deposit supported by Institution bills/receipts.
—> Travel expenses/ passage money for studies abroad.
—> Purchase of books/ equipments/ instruments/ uniforms.
—> Purchase of computer at reasonable cost, if required for completion of the course.
—> Any other expenses required to complete the course like study tours, project work, thesis, etc.
—> Insurance premium for student borrower, if applicable.

Expenses covered under IDBI Bank Education Loan scheme are as follows.

Tuition Fee/Examination Fee/Library/ Laboratory Fee/Hostel Fee etc.,

Purchase of books, equipment, instrument or uniforms,

Other expenses like, study tours, project work, thesis, etc.,

Additional expenses like building fund/caution deposit/refundable deposit, etc.,

Purchase of computer or laptop (at Reasonable cost, if it is essential for completion of course).