Idfc bank education loan

( 113) IDFC FIRST Bank education loan Interest rate can vary based on a number of factors, including the borrower’s credit history, the type of loan, and the lender’s policies. It is always a good idea to shop around and compare rates from multiple lenders before deciding on a loan. You can visit the IDFC FIRST Bank website or contact the bank directly to get the most up-to-date and accurate information about their education loan rates. IDFC First Bank Provides Education Loan to students at minimum interest rate for complete your higher Qualification or degree and achieve your goals faster. • The Repo rate is Concluded by the Reserve Bank Of India (RBI). • Currently Repo rate is 6.25% decided by (RBI). • It Can change frequently and affect your interest rates. Repo Rate Now Min. Rate Max. Rate Linked To Repo Rate 6.25% 2.75% 8.75% 9% – 15% IDFC First Bank education loan interest rate IDFC First Bank Education Loan Document Required 5.2 IDFC First Bank education loan interest rate IDFC FIRST Bank offers education loans to help students finance their higher education in India or abroad. The documents required to apply for an education loan from some common documents that may be required include: • Completed loan application form: This can be obtained from the bank or downloaded from the bank’s website. • Identity proof: This could be a copy of the borrower’s passport, PAN card, or voter ID card. • Age proof: This could be a copy of the borrower’s birth certificate or school ...

Benefits:The candidates applying for IDFC FIRST Bank Education Loans will get the following benefits – • Collateral-free loan amount of up to INR 40 Lakh (minimum loan amount of INR 3 Lakh) • Education loan interest rates starting at 9% p.a.* • Provision for easy and fast loan sanction via seamless application process • Provision for multiple repayments is available • No foreclosure/part payment charges • Loans upto ₹1 Cr. available with collateral* • 100% income tax benefit for interest paid under Section 80E of IT Act The education loan amount would include the following expenses towards the course: 1. College-related expenses: • Tuition and Fees payable to the institute • Examination/library/laboratory fees • Purchase of books/Equipment/uniforms • Living expenses (including Hostel fees) 2. Additional expenses: • Travel expenses • Purchase of computers/laptops • Overseas Insurance • Cost of health insurance Eligibility: • Open for Indian students who are pursuing higher studies in India or abroad • Should be 18 years old or above on the date of application. • Admitted to the desired institution after completion of the pre-requisite qualifications Documents Required • Recent passport-size photograph • Address proof (Aadhaar Card/Driving License/Passport/Voter ID Card/NREGA Job Card of parent/s, etc.) • Admission proof (College ID card/admission letter/ bonafide letter from institute) • Academic documents (10th and 12th mark sheets | For PG courses, graduation final year m...

SCSS interest rateIn response to the rising interest rates, the government revised the interest rates of a select few small savings programs, notably the Senior Citizens Savings Scheme, for the quarter ending in June 2023. The SCSS interest rate, which was raised from 8.0% to 8.2%. The minimum investment threshold is set at Rs 1,000, and the maximum investment is Rs 30lakh. Note that the interest rate will remain the same for the duration of the investment once it is completed. It has a five-year term that can be extended by three years at maturity. The account holder can extend the account for another three years from the date of maturity by submitting the necessary documents to the relevant post office together with the passbook. Section 80C of the Income Tax Act of 1961 applies to investments made under this plan. "Interest is taxable if total interest in all SCSS accounts exceeds Rs.50,000/- in a financial year, and TDS at the prescribed rate shall be deducted from the total interest paid," according to the Post Office website. If form 15 G/15H is presented and the accrued interest does not exceed the prescribed amount, no TDS will be deducted." SBI senior citizen FD State Bank of India offers interest rate up to 7.50% on fixed deposit tenure 2 years to less than 3 years. On ”SBI We-care” deposit scheme, the tenure ranges from 5 years to 10 years, the interest rate offered is 7.50%. HDFC Bank senior citizen FD HDFC Bank offers interest rate up to 7.75% on fixed deposit...

The most important dream of all parents is that their children get a quality education so that they can lead a bright and successful life. Parents are finding it very difficult to self-finance their children's education due to the increasing cost of higher education. For example, for engineering courses, the fees is around Rs 5-10 lakh, for any medical course at a private college, the fees is appox. in the range of Rs. 40 lakh and Rs. 50 lakh and for professional courses like MBA etc, fees could be around Rs 4-5 lakh. Here comes into picture the importance of Education Loan to cover these education expenses. Students from various disciplines can now take their first step on the path to success and fuel their dreams for professional or technical education in India or abroad with financial assistance in the form of Education Loan offered by banks so that nothing can hinder their progress. Education Loan provides financial aid to deserving and meritorious students to pursue higher studies in India and abroad. It helps students to pay their tuition fees, examination, library, books, laboratory and hostel while studying. It also covers travel expenses for studying abroad, study tours, project work, refundable deposit, etc. Almost all banks in India offer education loans on attractive interest rate and easy repayment options and hence there is a huge demand for loans to cover education expenses. Benefits of Education Loan • Provides financial assistance to fulfil the dream of hi...

For scholarship alerts • • • • • • • • • • • • • • • • • • For scholarship alerts Popular Corporate Scholarships • • • • • • • • • • view more E-Book Store • • • • • view more Recommend Needy Students Recommend Students for Scholarship Are you an Corporate/NGO/Educational Institution? Help your stakeholders to access scholarship world. Looking for Education Loan for your higher studies? • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Login • Register • • Login • Register • • • • • • • • • • • • • • • Add appropriate tags #Miscellaneous Questions #Undergraduate Scholarships #Class 11-12 Scholarships #Merit Scholarships #Girls Scholarships #SC/ST/OBC Scholarships #Class 1-10 Scholarships #National Scholarships #Post Graduation Scholarships #Post Matric Scholarships #State Scholarships #Means Based Scholarships #Examinations #International Scholarships #Buddy4Study Edu Loan #Minority Scholarships #Competitions #Study in USA #Talent Hunts #Education Loan for Study Abroad Submit your question About the Program Share Buddy4Study - IDFC FIRST Bank Education Loan Programme is a joint initiative of Buddy4Study and IDFC FIRST Bank to provide financial backing to aspiring students who have secured admission into higher educational institutions in India or abroad. Under this programme, the students will be offered collateral-free education loans up to INR 40 Lakh to pursue their higher studies at an institution of their choice. Further, ...