Federal Bank: Education Loans

Eligibility for Federal Bank Education Loan

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.

Approved Courses

• Academic course such as Diploma undergraduate/ postgraduate courses in Arts, Science and Commerce etc.
• Professional courses such as Diploma undergraduate/ postgraduate courses in Engineering, Medicine, Dental Science, Agricultural Science, Nursing, Pharmacy, Business Administration, Law etc.

Type of Loan

Term loan. In order to facilitate flexibility in operation, future debits on account of recurring expenses in each semester/ year can be made to this account.

Education Loan Amount

Term loan. In order to facilitate flexibility in operation, future debits on account of recurring expenses in each semester/ year can be made to this account.

Education Loan Amount

Studies in India – up to 7.5 lakh and Studies in abroad – up to 15 lakh

Federal Bank Education Loan Rate of iInterest

Study in India 14-14.25% and Study in Abroad 14-14.25%

Loan Period

Course period: 5 –7 years

Mode of Repayment

Repayment in equal monthly installments in 5 to 7 years after moratorium period and No repayment during moratorium period.

For Further Details or more information about the Federal Bank Education Loan Send the email to helpdesk@federalbank.co.in