Indian Bank Education Loan

The Indian Bank Education Loan is a financial loan programme for students seeking to study at recognized foreign universities. It provides collateralized and non-collateralized loans, with non-collateral loans available up to ₹40 lakhs and interest rates starting at 7.30%. The scheme includes a moratorium period (course duration plus 12 months) and flexible repayment terms of up to 15 years depending on the plan.

Loan amount up to ₹40 lakhs without collateral (higher with collateral); moratorium period of course duration plus 12 months; repayment tenure up to 15 years; optional interest payment during moratorium.

Applicants must have secured admission to a recognized foreign university. Only Indian citizens (including NRIs) are eligible; beneficiaries of PM care for children are also eligible.

Submit a filled Indian Bank education loan application form with proof of identity, address and admission; apply at an Indian Bank branch or through the bank's loan application process.