29 March 2024
 Indian Universities
Anna University
Indian Institute of Technology, Madras
Jawaharlal Nehru University (JNU)
More ... 
 Top Colleges
Biotechnology Colleges
Dentistry Colleges
Engineering Colleges
More ... 
 City Colleges
Colleges in Mumbai
Colleges in Bangalore
Colleges in Chennai
More ... 
 Educational Loans
State Bank of India
Corporation Bank
Punjab National Bank
More ... 
 Entrance Exams
Engineering Entrance Exams
Medical Entrance Exams
Common Entrance Exams
More ... 
 Education Abroad
Study in Australia
Study in Canada
Study in Germany
More ... 
 Distance Learning
Distance Learning in India
Distance Learning in Abroad
More ... 
 Sample Questions
GRE Sample Questions
CAT Sample Questions
IELTS Sample Questions
More ... 
 Career Related Article
CGFNS
IELTS
More ... 
 
 
Home >> Educational Loans >> Federal Bank
Federal Bank
Federal Bank education loans were launched to provide financial assistance to meritorious students willing to pursue their higher education. The bank offers two types of loans namely Federal Vidya Loan and Federal Special Vidya Loan.
Federal Bank Limited founded by Kulangara Paulo Hormis, started its operations with an authorized capital of Rs. 5000. If you want to know more about Federal Bank Ltd, educational loans

Candidate's Eligibility

Candidates applying for Federal Bank student loan should be Indian nationals. Applicants will be considered eligible only if they get admission to various professional or technical courses through merit based selection process or entrance examination.

Courses Eligible

There are various undergraduate and postgraduate courses which are eligible for Federal Bank student loan. The courses should be offered by reputed institutions affiliated to universities and government statutory bodies.

Quantum of Loan

Federal Vidya Loan-The maximum education loan offered under this scheme is Rs.25 lacs. Federal Special Vidya Loan-The maximum education loan offered is Rs.7.5 lacs (Studies in India) and Rs.15 lacs (Studies abroad) respectively.

Repayment

Federal Vidya Loan-Eleven years is the maximum time period given for the repayment of loan. Federal Special Vidya Loan-Five to seven years of time is given to the candidates for paying back the loan.

Security

Federal Bank charges various kinds of securities for issuing education loans.
Federal Vidya Loan-Co-obligant or collateral security is required for the bank to issue the education loan.Related Web Links:

http://www.federalbank.co.in
 
Site Hosted and Developed by Accudata Networks Pvt.Ltd. - www.accudatagroup.com