#1  
7th October 2016, 06:25 PM
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Terms & Conditions to apply for an Education Loan in Federal Bank?


Can you please tell me what are the terms and conditions are there in the Education Loan scheme of Federal Bank? I am planning to apply an Education Loan in this Bank. Kindly tell me its terms and conditions first.




  #2  
8th October 2016, 06:08 PM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Terms & Conditions to apply for an Education Loan in Federal Bank?

The detailed terms and conditions of education loan scheme in Federal Bank have been enclosed in the attached document. Kindly refer the attached document and get all details of education loan scheme.
Attached Files
File Type: docx Education Loan.docx(18.2 KB, 12 views)
  #3  
8th October 2016, 10:42 PM
Saikiranreddy47475
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Join Date: Jul 2013
Posts: 14,288
Default Re: Terms & Conditions to apply for an Education Loan in Federal Bank?

Terms & Conditions to apply for an Education Loan in Federal Bank are listed below :-

1. Margin :-
--> Up to Rs 4 lacs :- No Margin
--> For studies in India above Rs 4 Lakhs :- 5%
--> For Studies Abroad above Rs 4 Lakhs :- 15%

2. Loan Period :- 5 to 7 years.

3. Co-obligants :-
The documents should be executed by you and your paren / guardian as joint borrowers.

4.Security :-
--> Up to Rs. 4 lacs :- No security
--> For loans up to 7.5 lacs :- Third party guarantee acceptable to bank / collateral security.
--> Above Rs 7.50 Lakhs :- Collateral security with stipulated margin is required.
Do you have any question? or have anything to say?





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