Indian Bank Education Loans at Lowest Interest Rates 2021

Indian Bank offers Best interest rates for education loans with Easy EMI options. You can calculate your loan emi online. Check list of Documents, Eligibility, Fees & Charges online with

Apply for Education Loan

Full Name

Country of Study

Course of Study

Co-borrower’s* Income

Email ID

Residence City

Course Name

Required Loan Amount

Mobile Number

Applicant’s Income Status

* Co-borrower : Relative with good income who can support your education loan application. Typically it can be your Father, Mother, Brother, Sister, Spouse, Cousin, Paternal Uncle (Chacha), Paternal Aunt (Chachi), Maternal Uncle (Mama), Maternal Aunt (Mami), Grandfather, Grandmother

Eligibility * Salaried class * Employees in public sector/reputed companies * Professional self employed with minimum 3 years of satisfactorily operated SB account with our Branch.
Amount of Loan Actual expenses – maximum of r.30,000/- per family
Margin 5%
Interest Rates 7.55% – 10.45%
Processing fee Rs. 300/- per application
Repayment 10 EMI to commence from the next month of disbursement.
Security Employer’s sponsorship/ Salary Account with our Bank/Authorisation to debit SB a/c/Post Dated Cheques
Salient Features To meet the cost of admission fees and term fees, cost of books, uniforms, computer fees, transportation cost (if provided by the school) and duly certified by the respective school authority on yearly basis.
Other Requirements/Details * Donation/Capitation fee is not eligible. * Children studying LKG to XII standard in any recognized school/ Govt. aided schools/Approved by Board of Education are eligible. * Roll over can be permitted every year, based on the progress of the student.