eSiksha
 Login    Password        Sign Up   Forgot Password
Tuesday, October 26, 2021


    

Site Search


 
 Abroad
 Home
 Loans
  -
Allahabad Bank
  -
Bank of Baroda
  -
Bank of India  
  -
Canara Bank
  -
Central Bank 
  -
Dena Bank
  -
Federal Bank 
  -
IDBI Bank 
  -
State Bank of
   
Hyderabad
  -
State Bank of
   
India
  -
State Bank of
   
Indore
  -
State Bank of
   
Mysore
  -
State Bank of
   
Travancore
  -
Syndicate Bank
  -
South India Bank
  -
UCO Bank
  -
Vijaya Bank 
 
Universities
 
Visa Formalities
 
Job Firms

 

T
R
A
C
K
S
 MBA
 
Engineering
 
Medical
 
Humanities
 
Sciences
 
Computers
 
Govt. Exams
 
Commerce
 
School/+2

 




Federal Bank Scheme

Federal Bank 

The purpose of the loan is to make available financial assistance to the needy and deserving students of bright academic record so as to enable them to continue higher studies in India or Abroad either in diploma/graduation or post-graduation level in Arts, Science, Commerce, Management, Medicine and Engineering.

Eligibility
              

Under the scheme the loan can be sanctioned to a student of Indian nationality who intends to join an approved course in an educational institution recognised by the government, or a university in India or abroad.

  • Courses approved
                     

    A - Category:- Academic courses such as Diploma, undergraduate/postgraduate courses in Arts, Science and Commerce etc.
  • B - Category:- Professional courses such as Diploma, undergraduate/postgraduate courses in Engineering, Medicine, Dental Science, Agricultural Science, Veterinary Science, Computer Science, Nursing, Pharmacy, Business administration, Law etc.,

Type of Loan
            

The loan account will be deemed a term loan. To facilitate flexibility in operation, future debits on account of recurring expenses in each semester/year can be made to this account.

Margin
             

The margin is NIL for courses in India. For foreign studies a minimum margin of 10% is necessary.

Loan amount

Place of studies

Minimum

Maximum

In India

0.50 lakhs

  5.00 lakhs

Abroad

2.00 lakhs

10.00 lakhs

Interest

  • Upto and including Rs.2 lakhs PLR + IT 
  • Above Rs.2 lakhs and upto and including Rs.5 lakhs PLR + 1 + IT
  • Above Rs.5 lakhs and upto and including Rs.10 lakhs PLR + 2 +IT

Period of loan
                    

The repayment should begin within 12 months after the completion of the course, or after the student gets a job, whichever is earlier.

  • Maximum period for course completion: 6 years
  • Maximum period for repayment after course completion: 5 Years
  • Hence maximum period of the loan: 11 Years
  • Minimum period: 3 Years

 
Home | Abroad | Academics | Advice | Alumni Associations | Career Watch | Competitive Exams | Career Counseling | Distance Education | Forms | Organisations | Relax Zone | MBA | Engineering | Medical | Humanities | Sciences | Computers ICSE/ISC/CBSE | Scholarship | Loans
 
 Contact Us | Feedback | Advertise | Disclaimer | Privacy Policy
 
2000-2001 All rights reserved "DD Web Vision Private Limited"

Site developed by