Federal Bank’s Educational Loan - Special Vidya
Objective of the Scheme :
Federal Bank provides financial support to meritorious students for pursuing higher education in India and abroad. Meritorious Students under management Quota are eligible for Education Loan.
Eligibility of the Student :
The student should be an Indian National
The student should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test / Merit Based Selection process after completion of HSC ( 10 plus 2 or equivalent ).
Liability of Finance :
Expenses allotted for the Loan :
Quantum of Finance :
Processing Fee / Mortgage Charges : NIL
5 to 7 years. ( Moratorium period will be period of the course + one year / 6 months after getting job, whichever is earlier)
Rate of Interest :
Repayment Period of the Loan :
Repayment of the loan is made as Equated Monthly Installments ( EMI ).
You can use any one of the ways to repay the loan:
For more Details, Kindly refer the following link :