Education Loans

Federal Bank Education Loan: Interest Rate, Eligibility & Application


Features & Benefits

Key features

  • Speedy loan approval
  • Loan can be availed for higher studies in India & Abroad excluding vocational training & skill development study courses.
  • Loan amount up to Rs.10 Lakhs for studies in India and Rs.20 Lakhs abroad
  • No security is needed Up to Rs 4 Lakhs.
  • Minimal paperwork
  • No repayment during Moratorium period
  • Repayment can be made in easy EMIs

With Special Vidya Loan, Meritorious students are provided with an opportunity to pursue education with the financial support from the bank.


Documents Required

  • Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
  • Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
  • Offer letter / Admission letter
  • Basic Qualification & mark-list
  • Proof of Fees structure


  Allahabad Bank:Education Loan: Interest Rates,Student Loan: Apply Now

Terms & Conditions

Quantum of Finance:

  • Quantum of finance is subject to repaying capacity of the parents / students.
  • Satisfactory performance of the student necessary for continued disbursal.


Items covered under loan

  • Fee payable to College / School, Hostel, Tuition, Examination, Library, Lab
  • Cost of books, equipments, instruments, Uniform, Travel expenses, Computer (if essential for the course)
  • Expenses for study tours / project work / thesis etc
  • Caution deposit, Amount payable towards building fund, refundable deposit etc supported by bills / receipts but cannot exceed 10% of the tuition fee.


  Education Loan Interest Rate | Student Loan Rates | Study Loan - Axis Bank


  • Up to Rs 4.00 L No Margin is applicable.
  • For studies in India above Rs 4 Lakhs – 5%
  • For Studies Abroad above Rs 4 Lakhs – 15%


Loan Period

Moratorium period + 5 to 7 years.
(Moratorium period will be period of the course + one year / 6 months after getting job, whichever is earlier)



Documents should be executed by the student and parent / guardian as joint borrowers



  • No security is needed Up to Rs 4 Lakhs.
  • Third party guarantee acceptable to bank / collateral security for loans up to 7.50 Lakhs.
  • Above Rs 7.50 Lakhs, collateral security with stipulated margin is required


  Dena Bank Education Loan - Student Loan in India

Repayment options

Repayment of the loan is made as Equated Monthly Installments (EMI). 

You can use any one of the ways to repay the loan:

  • Cheques
  • Standing instructions at your branch
  • FedNet – Internet Banking
  • Automated Payment through ECS
  • Mobile Banking


Interest Rates & Charges

Educational Loan 12.93% to 16.38%
During moratorium period only simple interest will be charged.


For further details, please click here
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