Education Loans

Indian Oversea Bank Education Loan: Interest Rates, Student Loan

Indian Overseas

Indian Overseas Bank Vidya Jothi education loan scheme

Indian Overseas Bank Education Loan Scheme

Indian Overseas Bank was established in 1934 to promote foreign exchange operations in India. The bank has 3700 branches in the country and eight overseas offices. The bank has implemented 100% core banking solution in all its branches thereby allowing its customers to do transactions from any branch. The bank provides education loan under the scheme ‘Vidya Jyoti.’


  Corporation Bank Education Loan- Student Loan in India


  • Should be an Indian National
  • Should have secured admission to professional/technical courses in India or abroad


Quantum of loan

Maximum of Rs. 30.00 lakhs for studying in India and Rs. 40.00 lakhs for studying abroad.


Rate of Interest

Please click Retail credit interest rates
Interest to be debited monthly on simple basis during the repayment holiday/moratorium





For loans upto Rs. 4.00 lakh


For loans above Rs. 4.00 lakh

Studies within India 5%
Studies within India 5%


  Karur Vysya Bank Students Education Loan Scheme – FAQs




For loans upto Rs. 4.00 lakh

Co obligation of parents . No security

For loans above Rs. 4.00 lakh and up to Rs.7.50 lakh

Co obligation of parents together with collateral security in the form of suitable third party guarantee.

For loans above Rs.7.50 lakh

Co obligation of parents together with tangible collateral security .Collateral security in the form of NSC /KVP/ LIC Policy/ Immovable properties/ Bank Deposits in the name of student/Parent/Guardian or any other third party with suitable margin. Wherever the land/ building is already mortgaged the unencumbered portion can be taken as security on second charge basis provided it covers the required loan amount. In case the loan is given for the purchase of computer , the computer has to be hypothecated to the bank..


  UCO Bank Education Loans - Student Loan Apply Online

  For further details, please click here


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Job Search | Job Vacancies | Job Opportunities In India. Search For Job Opportunities Including Government Jobs, Fresher Jobs, Banking Jobs Etc. On Examin

March 2018
« Feb    

Copyright © 2018 Examin.

To Top