Education Loan in Federal Bank

Educational Loan in Banks »

Federal Bank Education Loan

Education Loan in Federal Bank

Purpose of Federal Bank Loan :

The prime object is to provide every meritorious student though poor with an opportunity to pursue higher studies in India & Abroad with the financial support from the banking system with affordable terms and conditions.

Federal Bank Education Loan Eligibility :

  • Should be an Indian National.
  • Secured admission to professional / technical courses through Entrance test / Merit based selection process.
  • Secured admission to foreign university / institutions ( for studies abroad ).
  • Course & Institution should have necessary approval / recognition.

Federal Bank Education Loan Amount :

  • Studies in India – Up to ₹ 7.5 Lakh.
  • Studies Abroad – Up to ₹ 15 Lakhs.

Loan Period : Course period + 5 – 7 years.

Federal Bank Interest Rates : Please refer http://www.federalbank.co.in/beta/LoanInterest.htm to view interest rates.

Mode of Repayment for Federal Bank Education Loan :

Repayable in equal monthly installments in 5 to 7 years after moratorium period.

No repayment during moratorium period.

JEE Main

Application Form Submission 16 Dec 2020 to 16 Jan 2021.