2023 2024 EduVark > Education Discussion > Banks Related


  #1  
November 22nd, 2012, 01:32 PM
afdjk
Guest User
 
Indian Bank Education Loan Repayment

Sir I was taken Indian Bank Education Loan so please can you give me the scheme of Loan Repayment and also give me the terms and condition of Loan Repayment and tell me that what is the % of charges cut if I give full loan after 1 year?
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  #2  
November 23rd, 2012, 11:16 AM
Super Moderator
 
Join Date: Mar 2012
Re: Indian Bank Education Loan Repayment

As you want to know about the Education Loan Repayment of Indian Bank so here I am giving you its details as below:-

Education Loan Repayment
Course Duration+ 1 year or 6 months after getting a job, whichever is earlier?

And Repayable in 5- 7 years.

If you want to get more details about it then you can see given below attachment:-
Attached Files
File Type: doc Indian Bank Education Loan.doc (30.5 KB, 177 views)
  #3  
July 26th, 2013, 11:41 PM
Junior Member
 
Join Date: Jul 2013
Re: Indian Bank Education Loan Repayment

How to get our statement online..and how to know the interest rates as well as how we can approach for laon subsidy
  #4  
December 1st, 2013, 07:23 PM
sureshhema
Guest User
 
Re: Indian Bank Education Loan Repayment

Sir I took edu loan for my twin daughter engg course.
To close the loan can I attach my land doxs to settle loan
Pl reply
  #5  
November 23rd, 2019, 10:02 AM
Unregistered
Guest User
 
Re: Indian Bank Education Loan Repayment

I am customer of Indian Bank and want to take education loan from this bank. Will you tell details about Indian Bank education loan repayment details and eligibility to apply?
  #6  
November 23rd, 2019, 10:13 AM
Super Moderator
 
Join Date: Oct 2019
Re: Indian Bank Education Loan Repayment

Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India.

Indian Bank offers education loans at a floating interest rate of 12.50% per annum with a concession of 0.50% on the interest rate under the IBA scheme for female students.

Loan Repayment:

Repayment of an Indian Bank education loan can be initiated either after the completion of the course or a year after the applicant has got a job.

Loan amounts up to Rs 7.50 lakhs have to be repaid within a period of 10 years and loans availed above Rs 7.50 lakhs can be repaid within 15 years.

Eligibility:

All applicants are required to be Indian citizens.
Students who apply for an Indian Bank education loan, should have secured admission to professional or technical courses in India or abroad through an Entrance test or a merit based selection process.

UG and PG courses in:

1. Engineering

2. Medical

3. Para Medical

4. Agriculture

5. Veterinary

6. Law

7. Dental

8. Management

9. Computer Science

PG Diploma Courses approved by

AICTE/UGC

Contact:

Indian Bank Corporate Office,
PB No: 5555, 254-260,
Avvai Shanmugam Salai,
Royapettah, Chennai – 600 014
Phone Number – 044-28134300


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