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Indian Bank Education Loan

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Updated: 08-06-2022 07:23:01 AM

To compete with the increase in the cost of education, students and parents are considering and selecting scheme for education loans as a viable option for higher studies in educational institutions of India or abroad. These loans come with several incentives in the form of minimum interest rate, flexible repayment option and negligible charges that help the people opt for these as a viable option to fund their education.

Indian Bank is premier public sector bank with well established and well co-ordinated network of branches, specialized banking zones, SME branches, ATM branches and 240 correspondent overseas bank in over 70 countries. Indian Bank has developed strong customer relations over these years with its products including a vast loan portfolio consisting of home loan, car loan, personal loan, agricultural loan and the popular student loan scheme. Indian Bank education loan can be availed by meritorious students aspiring for higher studies from recognized educational institutions in India or abroad. All they have to do is to meet the bank’s representatives, read the brochures, understand the terms and conditions, and apply for the loan.

Indian Bank offers hassle free education loan to estimable & deserving student so that finance is never an issue in realizing their dream. Indian Bank education loans are not simplified to the maximum possible extent but also play a pivotal role in cheering the dreams of our next generation future.

The scope of Indian Bank education loan:

  • As a popular method of financing higher studies in India or abroad, the Indian Bank student education loan has gained importance to meet the rising education cost for the Indian youth.
  • To cater the needs of financial assistance in covering fee payable to college / school, exam fees, purchase of books or equipment’s, accommodation, travel expenses or passage money for studies abroad, purchase of computers essential for completion of the course etc.
  • Any expense incurred towards the caution Deposit, Building fund/ refundable deposit supported by institution bills/receipts, subject to a maximum of 10% of total tuition fees for the entire course.
  • For student going abroad and wherein the insurance is mandatory the Insurance premium is covered under the scope of Educational loan offered by Indian Bank

Other Indian Bank student loan schemes

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