Indian Bank Education Loans at Lowest Interest Rates 2024
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 Deal4loans.
Indian Bank Education loan Interest Rates 2024
| Education Loan | |
| Education Loan | 9.20% to 11.40% |
| 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% |
| 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. |
