1. Having secured admission to a higher education course in recognized institutions in India or Abroad through Entrance Test /Merit Based selection process after completion of HSC (10 plus 2 or equivalent). OR| 2. Having secured admission under Management Quota although he/she was eligible to secure admission under the merit quota, i.e. having secured marks above the cut-off level required for admission on merit basis as specified for General / SC / ST / OBC / Girl students, for that educational institute/programme.

Rate of Interest

  • 1.Sanction amount up to Rs.10 lakhs-10.75% (BR+1.00%)
  • 2. Sanction amount above Rs. 10 lakhs-11.75% (BR+2.00%)

Eligibility for Educational Loan


No eligibility details found.


About the Bank


IDBI Bank (Hindi:??.??.??.?? ????) is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India. It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry.


FAQ Loan


1.How will IDBI decide the loan amount I am eligible for?

The loan amount you are eligible for is determined on a number of factors, namely the total cost of the course, your repayment ability, and security or collateral offered, if needed.

2.Can I repay the loan through the duration of the course?

No. The EMIs on loans will usually begin 1 year after course completion or 6 months after employment, whichever is earlier. You can pay the interest charged monthly during the moratorium period. You could also prepay the loan after the moratorium period is over. Sometimes there are charges on prepayment.

3.How is interest charged on education loans?

Interest is charged monthly on a simple interest basis from the time of disbursement as per the rate given by the bank on your particular loan. Interest calculations will start as and when amounts are disbursed to you and not on the entire loan amount at once.