It is great that you want to opt for student loan in order to study and pursue higher studies. There are several banks in India, which offer student loans to meritorious students willing to pursue higher education in India or abroad. Even IDBI Bank provides financial assistance to deserving candidates. If you to know more about student loans from IDBI, scroll down the page.

Student Loans – Eligibility

There are variety of courses considered eligible for IDBI Student Loan and the easy repayment options make the loan scheme attractive among the students.

• Various graduation, post graduation, professional and computer certificate programmes.
• Other courses like CA, ICWA, CFA, courses conducted by reputed institutions like IIT, XLRI, IIT, NIFT, evening courses and those conducted by reputed foreign universities and institutions in India.
• Diploma and degree courses provided by various universities and colleges which are approved by AICTE, ICMR, AIBMS, Government and UGC.

• Undergraduate and postgraduate programmes conducted by CPA in USA and CIMA-London.

The maximum sum of student loan offered for studies in India is Rs.10 lakhs and for studies abroad it is Rs. 20 lakhs.

The expenses covered by IDBI student loan include fees to be paid for examination and hostel charges, library and laboratory fees, books, instruments, caution deposit, refundable deposit, instruments and building fund. The loan also includes the travel expenses of the students going abroad.

The repayment commences either one year after the completion of the programme or six months later, after one gets employed, whichever happens earlier. The loan should be paid back within a time period of 5 to 7 years.