IndusInd Bank Education Loan

1. Quick and easy loan processing
2. Competitive interest rates
3. Flexible repayment options
4. No collateral required for loans up to Rs. 4 lakhs
5. Insurance coverage for the loan amount
6. Experienced customer support team to assist with any queries or concerns.

1. Loan amount can be used for tuition fees, accommodation, exam fees, books, and other expenses related to education.
2. The bank offers flexible repayment options.
3. No collateral is required for loans up to Rs. 4 lakhs.
4. The bank provides insurance coverage for the loan amount.

1. Duly filled and signed application form
2. Passport size photograph of the student and co-applicant
3. Identity proof such as Aadhaar Card, Voter ID, Passport, or Driving License
4. Address proof such as Aadhaar Card, Voter ID, Passport, or Driving License
5. Income proof of the co-applicant such as salary slips, IT returns, or Form 16
6. Admission letter from the educational institution
7. Fee structure and cost of living proof from the institution
8. Any other relevant documents as required by the bank.

1.Who can apply for an IndusInd Bank Education Loan?

Any Indian citizen, between the ages of 18-35 years, with an admission offer from a recognized institute in India or abroad, can apply for an education loan from IndusInd Bank.

2.What is the maximum loan amount offered by IndusInd Bank for an education loan?

The maximum loan amount offered by IndusInd Bank for an education loan is Rs. 50 lakhs for studies in India, and Rs. 1 crore for studies abroad.

3.What expenses are covered by an IndusInd Bank Education Loan?

An IndusInd Bank Education Loan covers expenses such as tuition fees, hostel fees, exam fees, library fees, and other related expenses.

4.What is the repayment tenure for an IndusInd Bank Education Loan?

The repayment tenure for an IndusInd Bank Education Loan can range from 12 months to 180 months, depending on the loan amount and other related factors.

5.Is collateral required for an IndusInd Bank Education Loan?

Collateral is not required for education loans up to Rs. 40 lakhs for studies in India and up to Rs. 1 crore for studies abroad. However, for higher loan amounts, collateral may be required.

6.What is the interest rate for an IndusInd Bank Education Loan?

The interest rate for an IndusInd Bank Education Loan varies depending on various factors such as the loan amount, repayment tenure, credit score, and other related factors.