Your Own Bank
Interest Rate
10.20%
Max Loan
₹1 Crore
Max Tenure
15 years
Processing Fee
NIL
Indian Bank (post merger with Allahabad Bank) is one of India's prominent nationalized banks offering education loans under the IBA Model Scheme with nil processing charges.
| Parameter | Details |
|---|---|
| Bank Name | Indian Bank |
| Bank Type | Govt Banks |
| Interest Rate | 10.20% – 11.00% |
| Maximum Loan Amount | ₹1 Crore |
| Maximum Tenure | 15 years |
| Processing Fee | NIL |
| Moratorium Period | Course + 12 months |
| Eligible Schemes | Padho Pardesh, CSIS |
| Loan Category | Interest Rate (p.a.) |
|---|---|
| Up to ₹4 Lacs | 10.20% p.a. |
| Above ₹7.5 Lacs | 11.00% p.a. |
Rates are indicative. Final interest rate depends on applicant profile, course, institute, and collateral provided.
Nil processing fee
IBA Model Scheme
All subsidies available
15-year tenure
Advantages
Disadvantages
Indian national
Secured admission
Co-applicant required
Branch visit or online
Submit documents
Approval in 10–15 days
Pro Tip: Apply at least 4–6 weeks before your course fee payment deadline to avoid last-minute delays.
Your Own Bank
Free. No spam. Response in 24 hrs.
Eligible Government Schemes
Padho Pardesh, CSIS
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