IDBI Education Loan Amount:

The loan amount depends on the income of parents and students, along with their repaying capabilities. The maximum loan amount is Rs. 10 lakhs for studying in India and Rs. 20 lakhs for studying abroad.

IDBI Education Loan Interest Rate:

The interest rates vary based on the type of course:

Non-Vocational Courses: 8 – 9%

Vocational/Skill Development Courses: 9 – 10%

Premier Education Institutes Courses: 7 – 8%

Repayment Details:

Repayment period up to 10 years for loans up to Rs. 7.5 lakhs.

Repayment period up to 15 years for loans above Rs. 7.5 lakhs.

Moratorium period includes the course duration plus an additional year or 6 months after securing employment.

EMI Payment Methods:

EMI payments can be made through standing instruction, electronic clearing service, or post-dated cheques from a non-IDBI bank account.

Follow the below steps to apply for the program:
1. Visit Our Official Website.
2. Read carefully all the information about the program details.
3. Click on the "Register" to complete the registration with required details.
4. After successful registration, Use the received credentials to log into your account.
5. Once logged in, Click on the "Apply" button.
6. You will be directed to the application form. Fill in all the required details accurately.
7. Prepare the necessary documents as specified in the application requirements.
8. Upload these documents in the designated sections of the application form.
9. Before submitting, review all the information you have provided.
10. After that, Click on the "Submit” button to submit your application.
Note: "As a free user,"
→'You're encouraged to share this valuable information with your friends to access the link properly'.