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FEDERAL
BANK
Vidya Loan
| Eligibility : |
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Student
- Students of Indian Nationality
- Simply walk in with the marksheet of the
qualifying exam. and proof of admission.
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Loan Details
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Purpose
For Studies in India & Abroad
Quantum
Security
- Co-obligant/Collateral Security
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| Rate of Interest |
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- Up to Rs.4 Lakhs – 12.75%
- Above Rs.4 Lakhs – 14.25%
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| Repayment |
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Special Vidya Loan
| Eligibility : |
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- Should be an Indian National
- Secured admission to professional/technical courses through Entrance
test/ Merit based selection process
- Secured admission to foreign university / institutions (for studies
abroad)
- Course & Institution should have necessary approval/recognition
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Loan Details
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Purpose
The prime object is to provide every meritorious student
though poor with an opportunity to pursue higher studies in India &
Abroad with the financial support from the banking system with affordable
terms and conditions.
Quantum
- For Studies in India - Up to 7.5 Lakh
- For Studies Abroad - Up to 15 Lakhs
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| Rate of Interest |
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- Up to Rs.4 Lakhs – 13.75 (BPLR)
- Above Rs.4 Lakhs – 14.75 (BPLR + 1%)
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| Repayment |
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Period
Course period + 5 - 7 years
Repayable in equal monthly installments in 5 to 7 years after moratorium
period
No repayment during moratorium period
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| Contact Details
The Federal Bank Limited
Federal Towers, Aluva - 683 101, Kerala, India
Telephone No. : +91-484-2623620 to 29
Fax No. : +91-484-2622672
E-mail : Contact
Now
Website : visit
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