Federal Bank Ltd, provides Educational Loans
Federal Bank education loans were launched to offer financial assistance to commendable students keen to pursue their higher education. The bank offers two types of loans that is Federal Vidya Loan as well as Federal Special Vidya Loan.
Federal Bank Limited founded through Kulangara Paulo Hormis, started its operations by means of a certified capital of Rs. 5000. If you desire to be on familiar terms with Federal Bank Ltd, educational loans, then scroll down the page.
Candidate's Eligibility
Applicant applying for Federal Bank student loan has to be Indian nationalized. Applicants will be considered entitled only if they acquire admission to different professional or technical courses throughout merit based selection process or entrance examination.
Courses entitled designed for Federal Bank Ltd, Educational Loans
There are various undergraduate and postgraduate courses which are entitled designed for Federal Bank student loan. The courses must be offered by supposed institutions affiliated to universities as well as government statutory bodies. Quantum of Loan
Federal Vidya Loan-The maximum education loan obtainable under this scheme is Rs.25 lacs. Federal individual Vidya Loan-The maximum education loan accessible is Rs.7.5 lacs (Studies in India) and Rs.15 lacs (Studies abroad) correspondingly.
Repayment of Federal Bank Ltd, Educational Loan
Federal Vidya Loan-Eleven years is the maximum time period agreed for the reimbursement of loan. Federal Special Vidya Loan-Five to seven years of time is given to the candidates meant for paying back the loan.
Security
Federal Bank charges different kinds of securities designed for issuing education loans.
Federal Vidya Loan-Co-obliging or collateral security is necessary for the bank to issue the education loan.
In order to learn more concerning interest rates look through http://www.federalbank.co.in/
