Education and Career Forum

Hello Sir,
I am getting admission for B.Tech program in Computer Science and Engineering stream in Amity University, Noida. I want to apply for an Education Loan from Federal Bank of India. Kindly tell me about the moratorium period of the Bank Education Loan scheme.

Federal Bank offer Education loan for pursuing higher studies in India and Abroad under the name "Special Vidya Loan".

Moratorium Period of Federal Bank Education loan scheme is Course Period + One year/ 6 months after getting job, whichever is earlier.

As per the data you have mentioned in your query, you are interested to pursue B.Tech course, the duration of B.Tech course is 4 years, so, the Moratorium Period for your education loan is 4 years + One year/ 6 months after getting job, whichever is earlier.

The Moratorium Period of Federal Bank Education Loan Scheme is Course period plus 6 months/ one year after you get a job.

The Loan period is Moratorium period plus 5 to 7 years. No repayment during Moratorium period.

The duration of B.Tech Computer Science Engineering course in Amity University, Noida is 4 years. So, the Moratorium period for your Education loan taken from Federal Bank is 4 1/2 to 5 years.

The moratorium period of education loan in Federal Bank of India is given below.

- Course period + 1 year

The repayment period can be up to 15 years after commencement of repayment.