Indian Bank

For Studies in India - Scheme Highlights


To meet the cost of education covering fee payable to college / school / hostel, exam fees, purchase of books / equipment’s, travel expenses / passage money for studies abroad, purchase of computers essential for completion of the course etc

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.

Insurance premium for student borrower.



The applicant should be an Indian National.

He / She should have secured admission to professional / technical courses in India or abroad through Entrance Test / Merit based selection process

Age of the Student - 15 to 30 Years (For Studies in India)

Age of the Student - 18 to 35 Years (For Studies in Abroad)

Approved courses: 


1. Diploma/Graduation/Post-graduation courses in various disciplines

2. Computer certificate courses of reputed institutes accredited to The Department of Electronics.


Amount of loan:

For Studies in India - Rs.10.00 lakhs



Upto Rs.4.00 lacs - Nil, Above Rs.4.00 Lacs - 5%


Rate of Interest:

Upto Rs.4.00 lakhs -12.50 % p.a. at present

Above Rs.4.00 lakhs -13.00 % p.a. at present


Period of loan:

The course period PLUS 1 year or 6 months after getting a job, whichever is earlier.

Repayable in 5– 7 years.

For Studies Abroad - Scheme Highlights


Course of Study: 

1. Job-oriented professional/technical courses offered by reputed universities.

2. MCA, MBA, MS etc.

3. Courses conducted by CIMA – London, CPA in USA etc. 


Amount of Loan:

For Studies Abroad - Rs.20.00* lakhs



Upto Rs.4.00 lacs : Nil 

Above Rs.4.00 lacs : 15%


Rate of Interest:

Upto Rs.4.00 lakhs -12.50 % p.a. at present

Above Rs.4.00 lakhs -13.00 % p.a. at present


Period of loan:

Interest to be serviced every quarter. Repayment of principal to commence 6 months after the completion of the course or immediately on getting a job whichever is earlier.For limits upto Rs.10.00 lacs - Maximum 96 months



1. Upto Rs. 4 lacs - No security

2. Above Rs. 4 lacs & Upto Rs.7.50 lacs - Collateral in the form of satisfactory third party guarantee

3. Above Rs.7.50 lacs - Co-obligation of parents / guardians together with tangible collateral security of suitable value along with assignment of future income of the student for payment of installments.