IDBI Bank Education Loan

The education loan scheme of IDBI bank aims to provide support to meritorious and deserving candidates for studying in India or abroad.

Bank Name Amount of Loan Repayment Tenure Interest Rate

10 - 20 years

10 - 15 years

10.75 - 11.75 %

Eligible Courses

Below are given the courses for which education loan can be granted

Studies in India: 

  •, B.A and B.Sc. Etc.
  • All post-graduation and Ph.D. courses
  • Professional course which include medical, engineering, veterinary, management, dental, computer and law
  • Course from any of the autonomous institute which include IIT, IIM, IISc and NIFT etc.
  • Courses that leads to diploma / degree from any of the reputed Indian universities.

Studies abroad:

  • Graduation courses which are offered by any one of the reputed foreign university.
  • Some post-graduation courses like MBA, MS and MCA etc.
  • Courses by CIMA or CPA

Expenses that can be considered for granting loan

  • Hostel / school / college fee
  • Expenses for books / examination / laboratory / library / uniform / instrument / equipment
  • Refundable deposits including caution money / hostel security etc.
  • Travel and related expenses
  • Computer purchase amount if necessary for course
  • Project work / tours / research fee etc.
  • Insurance premi

Amount of loan granted

  • Rs. 10 Lac for studying in India
  • Rs. 20 Lac for studying abroad

Interest rates

  • 10.75 % per annum for loan of 10 lacs.
  • 11.75 % per annum for loan of more than 10 lacs.

Processing fee

No processing fee for loan up to 4 Lakhs.

Repayment tenure

  • Commencement of the tenure of loan repayment usually starts after either 1 year after course or 6 months after the job or whichever of the above is earlier.
  • After the commencement of loan repayment tenure the repayment can be done in
  • 10 years if loan is less than or equal to 7.5 lakhs
    15 years if loan is greater than 7.5 lakhs


  • No security for the terms like loan of 4 lakhs
  • Third party security guarantee for the loan of amount less than 7.5 lakhs
  • Collateral security of value equal to loan amount for loans of above 7.5 lakhs. Collateral security can be one of the following fixed deposits in the bank, home building, govt. security, gold, LIC policy etc.


Up to the loan amount 4 lakhs Nil

More than 4 Lakhs

  • Maximum 5 % of the overall loan expenditure for India
  • Maximum 15 % of the overall loan expenditure for abroad

Required Documents

Below is given the list of documents that should be presented to the bank officer before granting the education loan.

  • Duly filled education loan application form
  • All the past academic background mark sheets if not possible at least last qualified exam scholarship
  • Proof that the loan applicant has secured a sheet in the course for study
  • Proof of income of co-borrower who is usually guardian of the borrower itself.
  • Indian national certificate
  • Proof of birth / domicile etc.

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Alliance University
Bennett University, Greater Noida
Greater Noida
Arni University, Kangra
Presidency University
Milestones Institute Of Allied Health Sciences
RV University
Desh Bhagat University
Fatehgarh Sahib
Woxsen University
Guru Kashi University
St. Francis De Sales College
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