IDBI Bank Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0

EDUCATION LOAN FOR SPECIAL COURSES OFFERED BY BY REPUTED INSTITUTES INCLUDING PART TIME COURSES/PART TIME EXECUTIVE PROGRAMS, CUSTOMIZED PROGRAMS FOR EMPLOYEES BY EMPLOYERS WITH A LIMIT OF 15 LACS
Interest
Rate

Loan limit Interest Rate
Upto 10 Lacs 9.4%
Above 10 lacs 10%
Loan Amount &
Security

Secured Unsecured
Above 7.5 lacs Upto 7.5 Lacs
Charges &
Repayment

Processing fees Nil
Repayment period 7 years
Moratorium period Nil
Eligibility
Criteria

  • Indian Nationals
  • Admission guaranteed
Key Benefits &
Coverage

Margin
  • upto 4 Lacs - Nil
  • Above 4 lacs - 5% for study in India
  • Above 4 lacs - 15% for abroad study
Course covered
  • Indian Courses - Degree / diploma / certification courses in India offered by reputed Institutes including part time courses/part time executive programs,
  • Indian Courses - Customized programs for employees by employers jointly with institutions like ISB/IIMs and other indian Institutes
  • Such courses may or may not be approved by any Indian Agency. However, they are promoted/ designed by industry/business requirements and have significant standing in the job market.
Expenses covered
  • College fees, book & laptop purchase, travel expenses and any education related expenses.
Required
Documents

Student Co-Borrower
KYC
  • Aadhaar
  • 2 passport photo
  • Aadhaar & Pan card
  • residence proof
EDUCATION
  • Admit letter
  • cost of study statement
  • X & XII mark sheet
    ---
INCOME
  • Pan card, 6 months bank account statement
  • 6 months bank account statement
  • ITR of last 2years/ Form 16
  • Income proof(salary slip)
SECURITY
    ---
  • Assets and liabilities brief statement