Education and Career Forum

I have completed BE in EEE from Anna University and now looking for M.Tech so, I need education loan for it. Please tell me process to get education loan for whole fees from IDBI Bank?

To get an education loan for whole fees from IDBI Bank, you should have secured admission in any course in a recognised college/ university. The education loan amount will cover the expenses of Tuition Fee, Amount required to purchase books, Laboratory Fee, Computer/ Laptop amount (if required), etc.,. You should have to submit the documents like Admission Letter, Income Proof, ID Proof, Address Proof, etc., to bank for processing your education loan.

Originally Posted by Unregistered

I have completed BE in EEE from Anna University and now looking for M.Tech so, I need education loan for it. Please tell me process to get education loan for whole fees from IDBI Bank?

Those students who got admission through an entrance examination or merit based selection process or through management quota are eligible to apply for the education loan from IDBI Bank. There is no processing fee for the education loan for studies in India in IDBI Bank. Students can apply online or contact nearest branch for an IDBI Bank education loan. They have to apply with necessary documents like age proof, address proof, mark sheets of last qualifying examination, proof of admission, schedule of expenses for the specified course, parent employment proof or income proof, last three months salary slip etc. There is no margin money for a loan of up to Rs 4 lakh and for over Rs 4 Lakhs – 5% of total course expenses.

To get an education loan from IDBI Bank for pursuing M.Tech course after completion of your B.E EEE course, you should have obtained admission in M.Tech course in a Government recognised university. I suggest you not to worry because, the education loan amount will include all the expenses required to complete the course. You should have all the documents correctly which you need to submit to bank to get your education loan sanctioned from bank.