Eligible Courses
Indian Universities

	For Professional courses i.e. B.E. B.Tech., M.B.B.s.
	Post Graduate Courses i.e. M.E., M.Tech., M.S., M.D., M.B.A., M.C.A., etc. recognized by AICTE. For part time / on-line distance learning courses (subject to terms & conditions)

Foreign Universities
For Graduate/Post Graduate/Research/ Doctorate studies that insist on TOEFL, GRE, GMAT scores.


Eligibility Criteria
Indian Universities
For Graduate courses: at least 75% in the +2 stage. For Post Graduate Courses: first class graduates.

Foreign Universities

	Proof of TOEFL, GMAT, GRE score card, and 1�20 admit card.
	Age of the applicant should not be more than 30 years for Indian Universities and 35 for Foreign Universities. Age of the parent / Guarantors should be below 55 Years. The annual income of the family should not be less than Rs. 3 lakhs.
	For Indian Universities, actual tuition and other fees, but not exceeding Rs. 5 Lakhs for the entire duration of the course.
	For Foreign Universities, considering that in addition to fees, there are travel/preparatory expenses, the loan amount would not exceed Rs. 15 Lakhs, in all.

Security
Equitable mortgage of property or other security having market value of 150% of loan amount Or Pledge of Bank Deposits /NSC/Kisan Vikas Patra or any other Government Securities with face value of not less than 100% of the loan amount Or Should be a mortgage of property/pledge of securities. Insurance cover for the student borrower in addition.


Eligibility
Students can apply for the loan singly or jointly with parents/guardians / third party guarantors.


Loan charges
For Loans up to Rs. 4 Lakhs, Long term Prime Lending Rate. For Loan:> above Rs. 4 Lakhs, Long term Prime Lending Rate + 1 % P.A. Processing Fees will be 0.5% of the loan amount. Cost of documentation / legal expenses at actuals. (PLR�14.5%)


Repayment terms
Graduate Studies
Maximum moratorium period of 5 years including the actual duration of the course, after which the loan should be repaid within the next 3 years.
Post Graduate Studies
Moratorium period of2 years i.e. the course duration. Loan repayment within the next 3 years.


Special about educational loans
IDBI bank has structured this special loan facility around the student's needs and the family's repayment capacity. Loan is available for part-time courses and on-line education too (subject to terms & conditions).

Flexible repayment options. No prepayment penalties levied. In fact, there are incentives for prompt repayment. Like refund of the entire processing fee, if not a single instalment is missed / delayed. Go on give your son/daughter the best of opportunities.

Important
Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.

Head Office
IDBI Towers, Cuffe Parade, Colaba
Mumbai - 400 005
Website: www.idbibank.com