Education and Career Forum

I just want to know that if I am going to apply an education loan from IndusInd Bank then what would be the repayment tenure? I actually want to apply an education loan from this Bank that is why I want to know about the repayment tenure.

>> In fact there is one important point you should keep in your mind is there is no specific Education Loan scheme in IndusId Bank.

>> But yes, they will sanction loan as Personal loan for Education Purpose.

>> The income criteria for parents or guardians will be considered.

>> For salaried parents , Loan amount will vary Rs.50000 to Rs.25 lakh

Tenure will be 12 months to 60 months.

>> For Self Employed Parents, Loan amount will vary from Rs.50000 to Rs.15 Lakh
Tenure will be 12 months to 60 months.

>> Interest rate will be floating which will vary as per base rate. Normally for salaried parents, Interest rate is 11%.

>> In fact there is one important point you should keep in your mind is there is no specific Education Loan scheme in IndusId Bank.

>> But yes, they will sanction loan as Personal loan for Education Purpose.

>> The income criteria for parents or guardians will be considered.

>> For salaried parents , Loan amount will vary Rs.50000 to Rs.25 lakh

Tenure will be 12 months to 60 months.

>> For Self Employed Parents, Loan amount will vary from Rs.50000 to Rs.15 Lakh
Tenure will be 12 months to 60 months.

>> Interest rate will be floating which will vary as per base rate. Normally for salaried parents, Interest rate is 11%.