Indian Bank Education Loan Prime- Education Loan in India

Published: Thursday October 31, 2019 17:44

As a popular method for financing education in India or abroad, education loans have gained importance to meet rising educational costs. Indian Bank provides an excellent education loan product to students looking to pursue their studies in various institutions across various disciplines. An Indian Bank educational loan helps individuals to cover costs involving college fees, hostel fees, exam fees, books and equipment fees, travel or passage money for overseas education and other student expenses. The loan also includes the caution deposit amount, building fund deposit and any refundable deposit up to a maximum of 10% of the total tuition fees of the course opted for. Indian Bank also provides insurance coverage for the student and the educational loan covers the premium required for the same. Indian Bank offers educational loans at attractive interest rates and flexible repayment options.

Eligibility

1. The applicant should be an Indian National
2. Students joining any full time course any full time course in one of the premier institutions

Documents Requirement

1. Application has to be applied online.
2. Admission offers letter from the institution and programme fees details.
3. Scholarship details, if any.
4. Copy of marks sheet and pass certificate from class 10th onward.
5. PAN Card 
6. Address Proof
7. Photographs
8. Details of all existing loans
9. 6 months’ bank Statement

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