© 2014 Firstsoft Technologies (P) Limited. login
Hi 'Guest'
Home SiteMap Contact Us Disclaimer

Indian Overseas Bank
Indian Bank is no exception and offer education loans to students interested to pursue education in India or abroad. Gather information on learning loans: Indian Bank from this page and pursue your dream education.
Eligibility : 


  • The applicant should be an Indian National.
  • Should have secured admission to professional/technical courses or other academic courses


a) For Studies in India

  • School education including plus 2 stage/ Graduation/ Post graduation/ Diploma/ Computer education in any recognised State/ Central Government/ University.
  • Computer certificate courses of reputed institutes accredited to The Department of Electronics.

b) Studies abroad:

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

Loan Details


Coverage of expenses 

  • 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.


  • Studies in India - Upto Rs.10 lakhs
  • Studies in Abroad - Upto- Rs. 20 lakhs

Higher quantum of loan also can be considered in deserving and meritorious cases.


  • Upto Rs.4 lakhs - Nil
  • Above Rs.4 lakhs
    - Studies in India 5%
    - Studies abroad 15%


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

  • Upto Rs. 4 lacs - No security
  • Above Rs. 4 lacs & Upto Rs.7.50 lacs - Collateral in the form of satisfactory third party guarantee
  • 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.
Rate of Interest
  • Upto Rs.4.00 lakhs   -12.50 % p.a.
  • Above Rs.4.00 lakhs -13.00 % p.a.

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

Repayable in 5– 7 years.

To Know More Information click : http://www.iob.in
SLogix Student Projects