Federal Bank Education loans for students|Federal Bank offering education loans

Federal Bank education loans were launched to provide financial assistance to meritorious students willing to pursue their higher education. The bank offers two types of loans namely Federal Vidya Loan and Federal Special Vidya Loan.

Federal Bank Limited founded by Kulangara Paulo Hormis, started its operations with an authorized capital of Rs. 5000. If you want to know more about Federal Bank Ltd, educational loans, then scroll down the page.

Eligibility :
	Student Students of Indian Nationality Simply walk in with the marksheet of the qualifying exam. and proof of admission.
Loan Details
	Purpose For Studies in India & Abroad Quantum Up to Rs. 25 Lakhs Security Co-obligant/Collateral Security
Rate of Interest
	Up to Rs.4 Lakhs – 12.75% Above Rs.4 Lakhs – 14.25%
Repayment
	Maximum 11 years

Special Vidya Loan

Eligibility :
	Should be an Indian National Secured admission to professional/technical courses through Entrance test/ Merit based selection process Secured admission to foreign university / institutions (for studies abroad) Course & Institution should have necessary approval/recognition
Loan Details
	Purpose The prime object is to provide every meritorious student though poor with an opportunity to pursue higher studies in India & Abroad with the financial support from the banking system with affordable terms and conditions. Quantum For Studies in India - Up to 7.5 Lakh For Studies Abroad - Up to 15 Lakhs
Rate of Interest
	Up to Rs.4 Lakhs – 13.75 (BPLR) Above Rs.4 Lakhs – 14.75 (BPLR + 1%)
Repayment
	Period Course period + 5 - 7 years Repayable in equal monthly installments in 5 to 7 years after moratorium period No repayment during moratorium period

To Know More Information click : http://www.federalbank.co.in