Education and Career Forum

Dear Friends,
I want to go Abroad for MS course. I want to apply for an Education Loan as I have a Savings Bank Account in IDBI Bank. Kindly let me know what are the expenses covered in an Education Loan scheme of this Bank? Kindly tell me asap.

Expenses covered under IDBI Bank Education loan for pursuing MS course in Abroad are listed below :-

--> Tuition Fee payable to College/ University
--> Examination/ Library/ Laboratory fee
--> Purchase of books/ equipments/ instruments/ uniforms
--> Caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipts
--> Travel expenses for studies abroad
--> Amount required to purchase computer
--> Any other expense required to complete the course - like study tours, project work, thesis, etc.`
--> Insurance premium for student borrower

The list of expenses which are covered by IDBI Education loan are mentioned below :-

=> Tuition Fee payable to college/ hostel.

=> Examination, Library and Laboratory Fee.

=> Cost of Books/ Equipments/ Instruments/ Uniforms.

=> Passage Money (in case of studies in Abroad).

=> Cost of Books/ Equipments/ Instruments/ Uniforms.

=> Cost required to purchase computer. (if essential for Completion of the course).

=> Caution Deposit/ Refundable Deposit supported by Institution Bills/Receipts.

=> Insurance premium for student borrower, if insurance cover sought.

=> Any other expense required to complete the course -like Study Tours, Project Work, Thesis, etc.

Expenses covered in education loan scheme :-

- Tution fees of the concerned course in the concerned institute.
- Institutional charges of the concerned institute
- Hostel fees
- Mess charges
- Miscellaneous expenses related to study like books, laptop, training, etc.