Financial Aid
Indian Bank Education Loan
Receive expert, personalized guidance at no cost from VITTIYA to navigate education financing, ensuring a smooth journey to securing the funding you need for your studies in India or abroad.
Interest Rate
Starting from 9.25%
Processing Fees
INR 5,000
Margin Money
NIL
The Process Explained
How It Goes
Easy 5-Step Digital Journey to Secure Your Education Loan
Ensure Your Loan Eligibility
Check your eligibility & get conditional loan offers
instantly.
Speak with Loan Experts
Connect with our loan counselor to better understand the process.
Share Documents & Fill the Form
Complete required forms & submit documents for bank verification.
Settle Your Best Loan Offer
VITTIYA secures the best rates & maximum loan amount for you.
Get Loan Approval & Disbursement
Get fast loan approval & quick fund
disbursement.
Ensure Your Loan Eligibility
Check your eligibility & get conditional loan offers
instantly.
Speak with Loan Experts
Connect with our loan counselor to better understand the process.
Share Documents & Fill the Form
Complete required forms & submit documents for bank verification.
Settle Your Best Loan Offer
VITTIYA secures the best rates & maximum loan amount for you.
Get Loan Approval & Disbursement
Get fast loan approval & quick fund
disbursement.
Study Abroad
Indian Bank Education Loan for Abroad Studies
Everything you need to know about Indian Bank education loans for studying abroad.
Overview of Indian Bank
Established in 15th August 1907 and nationalized in 1969, Indian Bank is a leading public sector bank in India, known for its strong customer base and extensive network. Following its merger with Allahabad Bank in 2020, Indian Bank has significantly expanded its reach and services. The bank offers a wide range of financial products, including education loans for both domestic and international studies, catering to students with both secured and unsecured financing options.
Types of Education Loans in Indian Bank
- Indian Bank Education Loan for Studies in India
- Indian Bank Education Loan for Studies Abroad
- Indian Bank Skill Development Loan Scheme
- Indian Bank Scholar Loan Scheme
- Indian Bank Vidya Lakshmi Scheme
Indian Bank Education Loans for Study in India
Indian Bank offers two primary education loan schemes for pursuing studies within India:
- Indian Bank Education Loan for Studies in India: For students admitted to recognized institutions across various professional and technical courses.
- Indian Bank Scholar Loan Scheme: A special scheme for meritorious students admitted to premier Indian institutions, often with relaxed terms and collateral-free options.
Eligibility Criteria
- Applicant must be an Indian national.
- Admission must be secured in a recognized institute through entrance exam or merit-based selection.
Expenses Covered
- Covers tuition fees, books, equipment, laptop/computer, travel expenses, study tours, and hostel/boarding charges.
Margin Money Requirement
- No margin for loans up to ₹4 lakh
- 5% margin for loans above ₹4 lakh
Application Process of Indian Bank Abroad Education
- Step 1: Visit the official Indian Bank website and navigate to the Education Loan section.
- Step 2: Click on “Apply Online” to begin the application process.
- Step 3: You’ll be redirected to the Vidya Lakshmi or Indian Bank Loan Application portal.
- Step 4: Choose the Education Loan category under the loan types.
- Step 5: Select the appropriate scheme for studies abroad.
- Step 6: Fill in the application form accurately and submit it. Indian Bank will verify the details and contact you for the next steps in the loan process.
Indian Bank Education Loan for Studies Abroad
Indian Bank offers education loans for students aspiring to pursue higher education abroad, with secured loans available up to INR 1 Crore. To qualify, students must provide collateral equal to or greater than the loan amount. For example, if applying for a loan of INR 40 Lakh, the pledged collateral should be valued at INR 40 Lakh or more. This scheme features competitive interest rates and covers a broad spectrum of courses and countries, making it a reliable funding option for international education.
Indian Bank Udaan Education Loan Eligibility Criteria
- Must be an Indian citizen, at least 18 years old
- Confirmed admission in a recognized foreign university/institution
- Strong academic record and required entrance scores (e.g., GRE, TOEFL, IELTS)
- Co-applicant required for non-collateral loans (usually parent/guardian with a stable income)
- Eligible countries include the USA, UK, Canada, Australia, New Zealand, and major European nations
- Collateral accepted: Residential property, fixed deposits (FDs), or other tangible assets for secured loans
Benefits of Indian Bank Education Loan for Abroad through Vittiya
- Personalized Loan Matching
- Faster Approvals
- Trusted by Thousands
- Free Document Pickup
- Zero Service Charges
- Higher Approval Rates
How to Apply for an Education Loan from Indian Bank through Vittiya
Applying for an Indian Bank education loan through VITTIYA is simple and stress-free. It begins with a quick eligibility check, after which our expert loan advisors handle the entire process for you. We carefully review your academic and financial profile to recommend the most suitable loan options. With VITTIYA’s expert support, getting an Indian Bank education loan for studying abroad becomes smooth and efficient. From documentation to approval, we manage every step—so you can focus on your education while we handle the finances. Start your application online with VITTIYA and take a confident step toward your global education goals.
Overview of Indian Bank
Established in 15th August 1907 and nationalized in 1969, Indian Bank is a leading public sector bank in India, known for its strong customer base and extensive network. Following its merger with Allahabad Bank in 2020, Indian Bank has significantly expanded its reach and services. The bank offers a wide range of financial products, including education loans for both domestic and international studies, catering to students with both secured and unsecured financing options.
Indian Bank Education Loans for Study in India
Indian Bank offers two primary education loan schemes for pursuing studies within India:
- Indian Bank Education Loan for Studies in India: For students admitted to recognized institutions across various professional and technical courses.
- Indian Bank Scholar Loan Scheme: A special scheme for meritorious students admitted to premier Indian institutions, often with relaxed terms and collateral-free options.
Eligibility Criteria
- Applicant must be an Indian national.
- Admission must be secured in a recognized institute through entrance exam or merit-based selection.
Expenses Covered
- Covers tuition fees, books, equipment, laptop/computer, travel expenses, study tours, and hostel/boarding charges.
Margin Money Requirement
- No margin for loans up to ₹4 lakh
- 5% margin for loans above ₹4 lakh
Application Process of Indian Bank Abroad Education
- Step 1: Visit the official Indian Bank website and navigate to the Education Loan section.
- Step 2: Click on “Apply Online” to begin the application process.
- Step 3: You’ll be redirected to the Vidya Lakshmi or Indian Bank Loan Application portal.
- Step 4: Choose the Education Loan category under the loan types.
- Step 5: Select the appropriate scheme for studies abroad.
- Step 6: Fill in the application form accurately and submit it. Indian Bank will verify the details and contact you for the next steps in the loan process.
Indian Bank Education Loan for Studies Abroad
Indian Bank offers education loans for students aspiring to pursue higher education abroad, with secured loans available up to INR 1 Crore. To qualify, students must provide collateral equal to or greater than the loan amount. For example, if applying for a loan of INR 40 Lakh, the pledged collateral should be valued at INR 40 Lakh or more. This scheme features competitive interest rates and covers a broad spectrum of courses and countries, making it a reliable funding option for international education.
Indian Bank Udaan Education Loan Eligibility Criteria
- Must be an Indian citizen, at least 18 years old
- Confirmed admission in a recognized foreign university/institution
- Strong academic record and required entrance scores (e.g., GRE, TOEFL, IELTS)
- Co-applicant required for non-collateral loans (usually parent/guardian with a stable income)
- Eligible countries include the USA, UK, Canada, Australia, New Zealand, and major European nations
- Collateral accepted: Residential property, fixed deposits (FDs), or other tangible assets for secured loans
Indian Bank Education Loan: Contact Details
Write to Indian Bank at indmail@indianbank.co.in for any education loan-related queries.
Online Application
Visit the official Indian Bank website and apply for an education loan through the online loan portal or via Vidya Lakshmi portal.
Branch Visit
Visit any of Indian Bank’s 5,000+ branches across India for in-person guidance and support.
Benefits of Indian Bank Education Loan for Abroad through Vittiya
- Personalized Loan Matching
- Faster Approvals
- Trusted by Thousands
- Free Document Pickup
- Zero Service Charges
- Higher Approval Rates
How to Apply for an Education Loan from Indian Bank through Vittiya
Applying for an Indian Bank education loan through VITTIYA is simple and stress-free. It begins with a quick eligibility check, after which our expert loan advisors handle the entire process for you. We carefully review your academic and financial profile to recommend the most suitable loan options. With VITTIYA’s expert support, getting an Indian Bank education loan for studying abroad becomes smooth and efficient. From documentation to approval, we manage every step—so you can focus on your education while we handle the finances. Start your application online with VITTIYA and take a confident step toward your global education goals.
yOUR ANSWER
Frequently Asked Questions
Is it necessary for a candidate to open an account in Indian Bank to process their education loan?
No, applicants are not required to open an account with Indian Bank to apply for an education loan through VITTIYA. The process is designed to be simple and accessible, ensuring students can secure funding without additional banking formalities.
Can a student Can a student whose parents have died apply for an education loan from Indian Bank?whose parents have died, apply for an education loan from the Union Bank of India?
Yes, if both parents are deceased, the student can still apply for an education loan from Indian Bank. In such cases, a legal guardian or close relative can act as the co-applicant to support the loan application.
How can an applicant calculate his/her EMI for an education loan from the Union Bank of India?
Applicants can use the VITTIYA online EMI calculator by entering the loan amount, repayment tenure, and interest rate to get an instant estimate of their monthly EMI for an Indian Bank education loan.
Does Indian Bank charge any penalty on the prepayment of the education loan?
No, Indian Bank does not charge any prepayment penalty, allowing borrowers to repay their education loan early without incurring any extra fees.
In whose name is the education loan sanctioned in Indian Bank?
The education loan is sanctioned in the student’s name, with a co-applicant—such as a parent, guardian, or close relative—providing financial support and acting as a joint borrower.