Kalvimalar

Home » Educational Loan

IDBI Bank-

Courses offered 
An installment based loan for all courses mentioned below:

• Graduation courses : BA, B.Com., B.Sc., etc

• Post Graduation courses : Masters & Phd

• Professional courses : Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc

• Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university

• Courses like ICWA, CA, CFA etc

• Courses conducted by IIM, IIT, IISc, XLRI. NIFT etc

• Courses offered in India by reputed foreign universities

• Evening courses of approved institutes

• Other courses leading to diploma/ degree etc. conducted by colleges/ universities approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc

• Courses offered by National Institutes and other reputed private institutions. Banks may have the system of appraising other institution courses depending on future prospects/ recognition by user institutions.

b. Studies abroad:

• Graduation: For job oriented professional/ technical courses offered by reputed universities. Post graduation: MCA, MBA, MS, etc. Courses conducted by CIMA- London, CPA in USA etc.

c. Special Courses

• Regular Degree/Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/Shipping. In case the course is pursued abroad, the Institute should be recognized by the competent local aviation/shipping authority . 

Loan Amount :
Maximum loan amount :

• Study in India-Rs.10 lakhs

• Study Abroad -Rs.20 lakhs

Loan Margin:

• Studies in India - upto Rs. 4 lac- Nil
                          above Rs. 4 lac- 5% of the total course expenses

• Studies abroad - 15% of the total course expenses

Expenses Covered under Loan: 

• Fee payable to college/ school/ hostel

• Examination/ Library/ Laboratory fee

• Purchase of books/ equipments/ instruments/ uniforms

• Caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipts

• Travel expenses/ passage money for studies abroad

• Purchase of computers - essential for completion of the course

• Any other expense required to complete the course - like study tours, project work, thesis, etc.`

• Insurance premium for student borrower

Repayment terms :
The repayment of loan to begin after the course period + 1 year or 6 months after getting a job, whichever is earlier. The loan to be repaid within 5-7 years (maximum tenor 84 months) after commencement of repayment. 

• 50 basis points reduction for girl applicants

• 50 basis points reduction for physically challenged applicants (subject to submission of certificate from a medical practitioner)