Indian Bank

Indian Bank provides convenient educational loans for meritorious/deserving students to acquire knowledge and skill in the field of their interest. By playing beacon, new-generation's quest for success is ably supported, paving way for Generation Banking.


The applicant should be an Indian National.
He / She should have secured admission to professional / technical courses in India or abroad through Entrance Test / Merit based selection process.


To meet the cost of education covering fee payable to college / school / hostel, exam fees, purchase of books / equipment’s, travel expenses / passage money for studies abroad, purchase of computers essential for completion of the course etc.

Course of Study

Studies in India

  • Diploma/Graduation/Post-graduation courses in various disciplines.
  • Computer certificate courses of reputed institutes accredited to The Department of Electronics

Studies Abroad

  • Job-oriented professional/technical courses offered by reputed universities.
  • MCA, MBA, MS etc.
  • Courses conducted by CIMA – London, CPA in USA etc.

Maximum Permissible Amount of Loan

  • For Studies in India - Rs.10.00* lakhs
  • For Studies Abroad - Rs.20.00* lakhs
  • * Higher quantum of loan also can be considered in deserving and meritorious cases.

Place of availment

The loan can be availed from the branch nearest to the place of domicile.


  • Upto Rs.4.00 lakhs - NIL
  • Above Rs.4.00 lakhs
  • For Studies in India - 5%
  • For Studies Abroad - 15%

Rate of Interest

  • Upto Rs.4.00 lakhs -12.50 % p.a. at present
  • Above Rs.4.00 lakhs -13.00 % p.a. at present

Holiday Period

The course period PLUS 1 year or 6 months after getting a job, whichever is earlier.


Repayable in 5– 7 years.


Documents should be executed both by the student and parent / guardian as joint borrower.

1. Upto Rs. 4 lacs - No security

2. Above Rs. 4 lacs & Upto Rs.7.50 lacs - Collateral in the form of satisfactory third party guarantee

3. Above Rs.7.50 lacs - Collateral security of suitable value OR co-obligation of parents / guardians / third party along wtih the assignment of future income of the student for payment of instalments.

Apply Online for Educational Loan

Download Educational Loan Application Form

Particulars/Documents to be submitted

Sl. No. Particulars For studies in India For studies Abroad
1 2 3 4
1. Proof of residence Xerox copies of Ration Card or Voters Identity Card or Passport or Electricity or Telephone bill or any such document acceptable to the bank Same as in Col.3
2. Academic record Copy of the Xth std/XIIth std mark list, for under graduates. Degree mark list/provisional certificate for post graduates Same as in Col.3
3. a. Date of birth/age
b. Community (for statistical purpose only)

SSLC/TC/Mark list
Community Certificate

Same as in Col.3 besides Passport
4. Family Income

Salary certificate/Pension certificate/Auditor's certificate in case of business category/IT return filed/any other proof for the income stated

Same as in Col.3

5. Admission

Admission letter/Bonafide student certificate from the College/University

Certificate/I 20 from the College/University
6. Fee structure Letter/Certificate from the College/University Certificate/I 20 from the College/University
7. Passport/VISA Not applicable Copies to be enclosed
8. Guarantee/Co-obligation Parent's/Guardian's Co-obligation to be furnished Same as in Col.3
9. Collateral, wherever required LIC policy/Share certificates/Units of UTI etc. Valuation certificate from Bank's approved panel valuer and legal opinion from Bank's panel advocate in case of land/buildings Same as in Col.3
10. Margin (Above Rs.4.00 lakhs)
For studies in
India : 5%
For studies abroad: 15%
Details regarding source of funds for meeting the margin furnished alongwith documentary evidence Same as in Col.3
11. Declaration/affidavit stating that no Educational Loan is availed from any other bank by the applicant and his parent

To be submitted To be submitted
12. Documents to be enclosed A & L of the student/parent/guardian/guarantor

Details of securities in Col.9

Same as in Col.3