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INDUSTRIAL DEVELOPMENT BANK OF INDIA LTD
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Student
- Student should be an Indian national and have secured admission
to a professional or technical course in an Indian or Foreign university.
Courses
a) For Studies in India
- Graduation courses : BA, B.Com., B.Sc., etc
- Post Graduation courses : Masters & Phd
- Professional courses : Engineering, Medical, Agriculture, Veterinary,
Law, Dental, Management, Computer etc
- Computer certificate courses of reputed institutes accredited to
Dept. of Electronics or institutes affiliated to university
- Courses like ICWA, CA, CFA etc
- Courses conducted by IIM, IIT, IISc, XLRI. NIFT etc
- Courses offered in India by reputed foreign universities
- Evening courses of approved institutes
- Other courses leading to diploma/ degree etc. conducted by colleges/
universities approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc
- Courses offered by National Institutes and other reputed private
institutions. Banks may have the system of appraising other institution
courses depending on future prospects/ recognition by user institutions.
b) Studies abroad:
- Graduation: For job oriented professional/ technical courses offered
by reputed universities.
- Post graduation: MCA, MBA, MS, etc.
- Courses conducted by CIMA- London, CPA in USA etc.
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Loan Details
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Coverage of expenses
- Fee payable to college/ school/ hostel
- Examination/ Library/ Laboratory fee
- Purchase of books/ equipments/ instruments/ uniforms
- Caution deposit/ building fund/ refundable deposit supported by
Institution bills/ receipts
- Travel expenses/ passage money for studies abroad
- Purchase of computers - essential for completion of the course
- Any other expense required to complete the course - like study tours,
project work, thesis, etc.
Quantum
- Studies in India - Maximum Rs.10 lacs
- Studies Abroad -Maximum Rs.20 lacs
Margin
- Upto Rs.4 lakhs - Nil
- Above Rs.4 lakhs
- Studies in India 5%
- Studies abroad 15%
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| Rate of Interest |
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As applicable from time to time.
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| Repayment |
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The repayment of loan to begin after
the course period + 1 year or 6 months after getting a job, whichever
is earlier. The loan to be repaid within 5-7 years (maximum tenor 84
months) after commencement of repayment.
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| Contact Details
Industrial Development Bank of India Ltd (IDBI),
IDBI Tower, WTC Complex, Cuffe Parade,
Colaba, Mumbai - 400005
Telephone No. : 91-22-22189111/ 66553355
Fax No. : 91-22-22181294 /5179/8137
Website : visit
IDBI, Zonal
Offices
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