IDBI Bank Student Education Loan – Online Apply for IDBI Education Loan

By | July 30, 2016

IDBI Bank Ltd Students Education Loan


Greeting from IDBI Bank LTD for those students who is facing financial problem and cannot continue their education.Now they students can continue their education with help of IDBI Bank.

IDBI bank aims is to providing financial support to those students who are deserving and meritorious students for pursuing higher education in India and abroad. With easy repayment options, IDBI bank makes sure that you get complete financial backing.

Eligibility for student education loan IDIBI.

The student should be Indian Citizen  and residing in India.

Confirmed admission through Management Quota since he / she has not qualified for admission under merit quota.

The courses should be offered by any educational institute / organization located in India and having the approval of the concerned statutory authorities like AICTE, UGC, Etc.

IDBI Providing Loan Amount.

Maximum 10 Lac.

IDBI Education Loan Rate of Interest.


BR+ 3.50% (Currently 13.75%) floating at present BR is 10.25% P.A W.E.F February 1, 2013, Irrespective of the loan amount.

IDBI Bank Education loan Benefits.

1% interest concession for servicing interest during moratorium. This concession is restricted up to the period of moratorium only. The amount of concession will be credited to the A/C of the application at the end of each fiscal year provided there is no overdue of interest in that fiscal year.


Additional 25 bps concession may be provided on opening of account saving and current with the bank by the applicant and co-applicant for the purpose of giving standing instructions (SI) in that account for loan repayment.


Note – The rate of interest after factoring all the concession as mention above is subject to minimum of base rate of the bank.


IDBI Bank Education loan processing fees.

1.00 % of the loan amount applied subject to minimum of Rs 1000.


IDBI Bank Repayment Period.

Duration of the course plus six months. Simple interest to be charged during the period of moratorium.

In 84 EMIs Excluding moratorium period.


Margin: 5% of the total cost of the programme irrespective of the loan amount and place of study


Mode of repayment: Standing instruction (SI) only.


Penal charges: 2% on the overdue amount and overdue period.

Download zone.


IDBI Educational Loan scheme for Non Vocational Courses (including General offer, Education loan for students studying in premier Education Institute, Education Loan for courses offered by ICAI, ICWAI & ICSI. Please see below mention PDF file.

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Education Loan Scheme for the other students secured admission through Management Quota. Please see below mention PDF file

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Education Loan Scheme for Specialized Courses. Please see below mention PDF file

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Skill Loan Scheme. Please see below mention PDF

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Udaan a Unique Saving – Cum Education Loan Scheme

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Term & Condition. Please see below mention PDF file

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Please download below mention PDF file for online apply for Student Education loan IDBI Bank Ltd. all required documents are mention in the application form you can download direct from this website.

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Thanks for vising on this website keep visit on this website for more information about Students Education Loan and Scholarship.


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