IDBI Bank Education Loan

Education Loan @ 9.33%*

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Full Name

Contact Number

Course Applied For

City

Country of Study

Loan Amount

Email ID

Why IDBI Bank Education Loan

IDBI Bank Education Loan will help you to meet all your funding requirements for higher education.

Education loan for Meritorious and Deserving students.
For students in India: Loan amount from 4 Lakhs to 10 Lakhs.
For students who wish to study abroad: Loan amount from 4 Lakhs to 20 Lakhs.
Best in class Interest Rate.
Education Loan for Degree/ Diploma courses.
Minimal documentation and Quick Approval.
Door Step Services.

Education Loan Eligibility

Graduation, Post-graduation including technical / professional courses with employment potential conducted by colleges / Universities approved by UGC / Govt./AICTE/Department of Electronics / IMC, autonomous institutions like IIT,IIM etc. are the eligible courses in India and Job oriented, technical / professional courses- (graduation / post graduation) are the eligible courses to study abroad in BOI Education Loan.

Need based finance is permitted within a maximum of Rs.7.50 lakhs for inland study and Rs.15 lakhs for study abroad.
Institutions offering courses should have approval of Central Govt. & State Govt./University affiliation/Autonomous Institutes/AICTE/DOEACC.

Education Loan Documents

Documents Required for Education Loan:

Documents	Salaried	Self
ID Proof	Co-Applicants :Passport Copy/ Voters ID card/ Driving License/copy of PAN Card	Co-Applicants :Passport Copy/ Voters ID card/ Driving License/Copy of PAN Card
Address Proof	Co-Applicants :Ration card Telephone or electricity Bill/ Rental agreement/ Passport copy	Co-Applicants :Ration card Telephone or electricity Bill/ Rental agreement / Passport copy/Trade license /Establishment or Sales Tax certificate
DOB Proof	Co-Applicant’s and Student’s: Birth Certificate or 10th Class Passing Certificate	Co-Applicant’s & Student’s :Birth Certificate or 10th Class Passing Certificate
Financial Docs	Co-Applicant Salaried Individual: Latest 3 months Bank Statement (where salary/income is credited) Employment details:3 Latest salary slips Proof of Continuity current job (Form 16 / Company appointment letter ) Proof of Qualification Highest Degree (for Professionals / Govt. employees) Mark sheet of last qualifying examination for school and graduate studies in India Proof of admission to the course Schedule of expenses for the course. (If purchase of computer is involved, Certificate from the Institution with recommendations to be enclosed). Two copies of passport size photographs from borrower / Co-obligate / guarantor	Co-Applicant Self Employed Individuals & Professionals: Bank Statements(latest 6 months bank statement /passbook) Qualification proof of the highest professional degree Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA Proof of continuation (Trade license /Establishment /Sales Tax certificate) Proof of income/copy of the land records. Mark sheet of last qualifying examination for school and graduate studies in India Proof of admission to the course Schedule of expenses for the course. (If purchase of computer is involved, Certificate from the Institution with recommendations to be enclosed). Two copies of passport size photographs from borrower / Co-obligate / guarantor