Federal Bank Education Loan

The Federal Bank Education Loan is a lending product for students seeking to pursue higher education abroad. The page describes two schemes under this product: the Federal Career Solution Loan (loan limit up to INR 1 crore) and the Special Vidya Loan (loan limit up to INR 20 lakhs). Loans cover tuition, hostel and related educational expenses and include specified moratorium and repayment terms and interest rates.

Access to loan financing for study abroad (limits up to INR 1 crore or INR 20 lakhs depending on scheme); coverage of tuition, hostel/accommodation, books, equipment and other specified educational expenses; defined moratorium periods and repayment tenures.

Indian citizens with proof of admission to a course abroad; Career Solution loan applicants must be aged between 18 and 45 years; Special Vidya Loan applicants must have admission to a professional/technical course at a recognised college or university.

Complete the student loan application form (WeMakeScholars common application form) and provide required documents including proof of admission, identity, income/co-applicant documents and academic records; submit application as directed by WeMakeScholars and Federal Bank.