IDBI Bank Education Loan

IDBI Bank Education Loan offers flexible terms with or without collateral. Start at 9% interest and apply easily with a full document checklist.

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A loan application process is considered to start only when the documents of the applicant are submitted. Here is the list of documents to be submitted to the IDBI Bank to start your education loan process. Address proof of the applicant : Driving license Voter id card Notarized rental agreement Gas bill and electricity bill Valid passport Updated passbook or bank account statement Academic history of the applicant : Entrance examinations like CAT, IELTS, GRE, TOEFL etc must be cleared by students, also they must provide their report cards. S.S.C, H.S.C, and Graduation Result Income proofs of the financial co-applicant : KYC documents ITR proofs Bank Statement / Pass Book of last 6 months Admission proof Proof of admission in the institute along with fees payment schedule Conditional offer letter provided by the university. Students who process their education loan with Subraxo are given a comprehensive document checklist after their loan profile analysis, they have to submit the listed documents in their nearest IDBI Bank’s branch, to avoid going to the bank students can also upload their documents on Subraxo documents portal , and the bank can access the documents directly from the portal itself. It is completely safe and secure. To promptly begin your loan application process with IDBI bank, fill out the common application form or ask for a callback to contact your financial officer. Read More Get a document list that works for you - contact us to get started. Request a callback

Repayment of an education loan is the most satisfying step of the entire education loan journey. The IDBI Bank education loan repayment process is simple and can be completed in a duration of a maximum of upto 15 years after the moratorium period. If suppose a student has taken an education loan of Rs 75 lacs, at 11% for a duration of 15 years, then the following will be the repayment schedule Repayment Cycles EMI Interest portion Principal portion Loan Outstanding Start of loan EMI 96966 78203 18763 8512487 End of year 1 96966 76222 20744 8294391 End of year 2 96966 73822 23144 8030122 End of year 3 96966 71143 25823 7735273 End of year 4 96966 68155 28811 7406305 End of year 5 96966 64821 32145 7039268 End of year 6 96966 61102 35864 6629758 End of year 7 96966 56951 40015 6172861 End of year 8 96966 52321 44645 5663092 End of year 9 96966 47155 49811 5094332 End of year 10 96966 41391 55575 4459757 End of year 11 96966 34959 62006 3751749 End of year 12 96966 27784 69182 2961812 End of year 13 96966 19778 77187 2080

Visit the nearest IDBI Bank branch, and enquire about the loan products from the loan officer Gather the documents, as told by the loan officer and also fill out the loan application form. Visit the bank again to submit the application documents, to get your education loan process started.