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Education loans from IDBI Bank aim at providing financial support to deserving/ meritorious students for pursuing higher education in India and abroad. With an array of courses to choose from and easy repayment options, IDBI Bank makes sure you get complete financial backing.



Courses offered


An installment based loan for all courses mentioned below:

  1. Studies in India:
    • Graduation courses : BA, B.Com., B.Sc., etc
    • Post Graduation courses : Masters & Phd
    • Professional courses : Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc
    • Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to university
    • Courses like ICWA, CA, CFA etc
    • Courses conducted by IIM, IIT, IISc, XLRI. NIFT etc
    • Courses offered in India by reputed foreign universities
    • Evening courses of approved institutes
    • Other courses leading to diploma/ degree etc. conducted by colleges/ universities approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc
    • Courses offered by National Institutes and other reputed private institutions. Banks may have the system of appraising other institution courses depending on future prospects/ recognition by user institutions.
  2. Studies abroad:
    • Graduation: For job oriented professional/ technical courses offered by reputed universities. Post graduation: MCA, MBA, MS, etc. Courses conducted by CIMA- London, CPA in USA etc.
  3. Special Courses


Regular Degree/Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/Shipping. In case the course is pursued abroad, the Institute should be recognized by the competent local aviation/shipping authority .


Loan Amount


Maximum loan amount :


v      Study in India-Rs.10 lakhs

v      Study Abroad -Rs.20 lakhs

Loan Margin:

v      Upto Rs. 4 lac    - Nil

v      Above Rs. 4 lac -

v      Studies in India - 5% of the total course expenditure

v      Studies abroad - 15% of the total course expenditure



Expenses Covered under Loan

  • Fee payable to college/ school/ hostel
  • Examination/ Library/ Laboratory fee
  • Purchase of books/ equipments/ instruments/ uniforms
  • Caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipts
  • Travel expenses/ passage money for studies abroad
  • Purchase of computers - essential for completion of the course
  • Any other expense required to complete the course - like study tours, project work, thesis, etc.`
  • Insurance premium for student borrower


Repayment terms


The repayment of loan to begin after the course period + 1 year or 6 months after getting a job, whichever is earlier. The loan to be repaid within 5-7 years (maximum tenor 84 months) after commencement of repayment.



ROI (Rate of Interest) 

  Benchmark Prime Lending Rate (BPLR*) = 12.75% p.a. w.e.f. July 1, 2009
   Up to Rs. 4 lakhs
   11.75 % (BPLR - 1%)
   Above Rs. 4 lakhs
   12.75 % (BPLR )

Simple interest to be charged during repayment holiday and moratorium
Accrued interest during the repayment holiday period should be added to the EMIs.
Where the borrower has not opted for the repayment holiday or is willing to service the interest during the repayment holiday (for principal) the interest rate should be 1% lower than the applicable rate.


v      50 basis points reduction for girl applicants

v      50 basis points reduction for physically challenged applicants (subject to submission of certificate from a medical practitioner) 

 * BPLR subject to change



Repayment holiday / moratorium

Duration of the course period + 1 year / 6 months after getting a job, whichever is earlier. The loan to be repaid in 5-7 years (maximum tenor 84 months) after commencement of repayment.

Note: For any further information, please visit the nearest branch of IDBI Bank.

Apply For Loan
*  Name :
*  Address :
*  Phone No. :
*  Email :
*  School/College Name :
*  Purpose :
*  Loan Amount :
*  Period :



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