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  #1  
12th August 2017, 11:20 AM
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Installment, terms and condition for an education loan of 5 lakh from Federal Bank of India?


Hello sir, I want to apply for an education loan of 5 lakh from Federal Bank of India. Please tell me what will be the installment terms and condition for it?




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  #2  
15th August 2017, 02:09 PM
shahi jee
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Join Date: Jul 2017
Location: Bihar
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Default Re: Installment, terms and condition for an education loan of 5 lakh from Federal Bank of India?

Federal Bank of India education loan:

Rate of interest – 10.2 percent

Loan period – 5 to 7 year

Repayment options –
Cheques
Mobile banking
Through FedNet

Security: bank accepts third party guarantee and collateral security for loans upto 7.50 lakhs

Documents required:-
Proof of identity issued by the government
Proof of residence
Admission letter from the educational institute
Basic qualification certificate and marksheet
Proof of fee structure from the educational institute
Do you have any question? or have anything to say?



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