IDBI Bank is a government owned financial service bank. Previously known as Industrial Development Bank of India, IDBI Bank is headquartered in Mumbai. At present, it is the tenth largest development bank in the world in terms of reach with 1,853 branches including one international branch in Dubai, 1,382 centres and 3,350 ATMs.
IDBI Bank endows the scheme of education loans to all those candidates who are worthy to study further be it in India or outside India. The student loan scheme from IDBI bank aims to provide financial stability to students aspiring for higher studies from recognized educational institutions in India or abroad. The bank takes care of the entire financing though various student loan scheme options thereby making the loan an easy option and a strong finance to build up a bright future.
There are basically four types of schemes which are available under IDBI Bank Education Loan which are namely:
- Loan for non vocational courses
- Loan for vocational education/ courses
- Loan for other students whose admissions are through management quota.
- Education loan under Financial Inclusion Programme (FIP).
Let’s have a look into the above IDBI Bank student schemes one by one.