Education and Career Forum

I just want to know that if I am going to apply an education loan from Indian Bank then what would be the repayment tenure? I actually want to apply an education loan from this Bank so that I can study MBBS in Abroad that is why I want to know about the repayment tenure.

Repayment tenure under Indian Bank Education Loan Scheme for MBBS-Abroad aspirant is for a maximum period of 5 - 7 years excluding holiday/moratium period. Students can repay the loan amount in equal monthly Instalments. Holiday period is 12 months after completion of the course or 6 months after getting the job whichever is earlier.

You can find details on the below mentioned website link;
https://www.iob.in/Educational-loans-vidya-jyoti

The repayment tenure under Indian Bank Education Loan Scheme for MBBS-Abroad aspirant is 15 years.

The moratorium period/ repayment holiday under Indian Bank Education Loan Scheme is 6 months after getting a job or one year after completion of the course whichever is earlier.