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Loans-IDBI Bank
1. Indian Universities
- UG Courses
: Engineering/Medical
- PG Courses
: Engineering/Medical/Management
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2.Foreign Universities
- Courses
requiring TOEFL/GRE/GMAT
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3. Research & Doctoral studies
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| Eligibility |
- For
UG Courses : Min. 75% in +2 stage
- For
PG Courses : First class in UG courses
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(In addition to the
above, for foreign universities, TOEFL, GRE, GMAT scorecard and I-20 admit
card are essential)
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- For
Indian Universities :Not more than 30yrs
- For
International Universities :Not more than 35yrs.
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| Interest |
15% p.a. + int.
tax |
| Tenor |
Max 8 yrs. ( For UG
courses) |
| Moratorium |
1 year. |
| Repayment |
3 years. |
| Security |
Equitable mortgage property/pledge of NSC, KVP, Bank deposits,
shares, LIC policy etc. |
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