Special Vidya Loan
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.
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 Amount:
Studies in India - Up to 7.5 Lakh
Studies Abroad - Up to 15 Lakhs
Loan Period
Course period + 5 - 7 years
Mode of Repayment:
Repayable in equal monthly installments in 5 to 7 years after moratorium period
No repayment during moratorium period
Interest rate
Click here for rate of interest
For more Details : www.federalbank.co.in
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