{"id":10965,"date":"2024-03-08T12:12:08","date_gmt":"2024-03-08T06:42:08","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=10965"},"modified":"2024-06-07T11:48:42","modified_gmt":"2024-06-07T06:18:42","slug":"idbi-education-loan-to-study-abroad","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/","title":{"rendered":"IDBI Education Loan to Study Abroad: Interest Rates, Apply"},"content":{"rendered":"\n<p>IDBI Bank provides education loans to study-abroad aspirants at affordable interest rates. It offers financial assistance to deserving and meritorious students by covering tuition fees, accommodation expenses, travel expenses and other related expenses. For eligible courses in premier institutes of countries like the USA, the UK, Canada, Australia, EU, Singapore and many others, IDBI education loans up to INR 75 lakhs are provided at competitive interest rates.<\/p>\n\n\n\n<p>Let\u2019s look at the details of IDBI education loans to study abroad.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-overview-of-idbi-education-loan-nbsp\" data-level=\"2\">Overview of IDBI Education Loan&nbsp;<\/a><\/li><li><a href=\"#h-idbi-education-loan-maximum-amount-nbsp\" data-level=\"2\">IDBI Education Loan Maximum Amount&nbsp;<\/a><\/li><li><a href=\"#h-idbi-education-loan-interest-rates\" data-level=\"2\">IDBI Education Loan Interest Rates<\/a><\/li><li><a href=\"#h-eligibility-criteria\" data-level=\"2\">Eligibility Criteria<\/a><\/li><li><a href=\"#h-idbi-education-loan-documents-required\" data-level=\"2\">IDBI Education Loan Documents Required<\/a><\/li><li><a href=\"#h-how-to-apply-for-an-idbi-education-loan\" data-level=\"2\">How to Apply for an IDBI Education Loan?<\/a><\/li><li><a href=\"#h-expenses-covered-nbsp\" data-level=\"2\">Expenses Covered&nbsp;<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-overview-of-idbi-education-loan-nbsp\"><span id=\"overview-of-idbi-education-loan\">Overview of IDBI Education Loan&nbsp;<\/span><\/h2>\n\n\n\n<p>IDBI Bank provides need-based financing to meet educational expenses taking into consideration the country and course chosen. In certain cases, IDBI considers finance over the specified ceiling limit. Students can easily apply through <a href=\"https:\/\/fly.finance\/blog\/education-loan\/vidya-lakshmi-portal-idbi-bank\/\"><strong>Vidya Lakshmi Portal IDBI Bank<\/strong><\/a> education loans.&nbsp;<\/p>\n\n\n\n<p>IDBI education loan can be paid in monthly instalments for a period of up to 15 years. The repayment starts after a <a href=\"https:\/\/fly.finance\/blog\/education-loan\/what-is-moratorium-period-and-how-does-it-work\/\">moratorium period<\/a> of 1 year after course completion.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td>Quantum of Finance<\/td><td>Up to INR 70 lakhs<\/td><\/tr><tr><td>Interest Rates<\/td><td>Sanction amount up to Rs.10 lakhs: 11.00% (BR+1%) Floating<br>Sanction amount above Rs. 10 lakhs: 12.00% (BR+2%) Floating<\/td><\/tr><tr><td>Repayment Period<\/td><td>15 years<\/td><\/tr><tr><td>Moratorium Period<\/td><td>Course Duration + 1 year&nbsp;<\/td><\/tr><tr><td>Margin<\/td><td>Up to INR 4 lakhs- NIL<br>INR 4 lakhs to INR 7.5 lakhs- 15%<br>Above INR 7.5 lakhs- 20%<\/td><\/tr><tr><td>Processing Fee<\/td><td>1% of the loan amount + taxes<br>(The amount is refundable at the time of disbursement)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-idbi-education-loan-maximum-amount-nbsp\"><span id=\"idbi-education-loan-maximum-amount\">IDBI Education Loan Maximum Amount&nbsp;<\/span><\/h2>\n\n\n\n<p>IDBI Education loans are provided up to INR 75 lakhs. However, for deserving applicants, the bank considers providing need-based financing subject to conditions like excellent academic record, credit score, income of the co-application, and collateral provided.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td>Courses and Country<\/td><td>Maximum Loan Amount<\/td><\/tr><tr><td>Eligible Courses offered by foreign Institutes\/Universities in:<br><br>USA, UK, Canada, Australia, European Union, Singapore, Japan, Hong Kong &amp; New Zealand<\/td><td>Up to INR 75 lakhs<\/td><\/tr><tr><td>Courses offered by universities in other countries<\/td><td>Up to INR 30 lakhs<\/td><\/tr><tr><td>Aeronautical, Pilot training, Shipping courses etc. recognized by regulatory bodies abroad<\/td><td>Up to INR 30 lakhs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>The <a href=\"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-processing-time\/\"><strong>IDBI education loan processing time<\/strong><\/a> takes around 15-20 days after the submission of the form. Applicants applying on the Vidya Lakshmi portal can expect to receive a call within 48-72 hours after submitting the application form.&nbsp;<\/p>\n\n\n\n<p>Must Read: Planning to take education loans to study abroad from a public sector bank but not sure which one to target? Check out our blog and learn all about <a href=\"https:\/\/fly.finance\/blog\/education-loan\/public-sector-banks-education-loans\/\"><strong>Public Sector Bank Education Loans<\/strong><\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-idbi-education-loan-interest-rates\"><span id=\"idbi-education-loan-interest-rates\">IDBI Education Loan Interest Rates<\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-interest-rate\/\"><strong>IDBI Education loan interest rates<\/strong><\/a> may fluctuate as they are floating rates and subject to revision every quarte. These are linked to RLLR (Repo Rate Linked Lending Rate). Concession in interest rates is also provided to existing customers, girl children, minorities, and physically challenged applicants. The interest rates on IDBI education loans to study abroad applicants are as follows-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Sanction amount up to Rs.10 lakhs: 11.00% (BR+1%)&nbsp;<\/li>\n\n\n\n<li>Sanction amount above Rs. 10 lakhs: 12.00% (BR+2%)&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>BR refers to the Benchmark Rate of the interest on education loans.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-criteria\"><span id=\"eligibility-criteria\">Eligibility Criteria<\/span><\/h2>\n\n\n\n<p>Eligibility criteria are an important aspect to consider before applying for education loans. The applicant should be an Indian citizen. NRI students who have secured admission for full-time regular courses in recognized institutions abroad are also eligible to avail of IDBI education loans.<\/p>\n\n\n\n<p>Students must secure admission through the Entrance Test\/ Merit Based Selection process after completion of HSC (10 plus 2 or equivalent).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-idbi-education-loan-documents-required\"><span id=\"idbi-education-loan-documents-required\">IDBI Education Loan Documents Required<\/span><\/h2>\n\n\n\n<p>Applying for education loans generally requires a list of documents to be submitted to the bank. The bank verifies these documents considering the eligibility criteria. Make sure to keep the documents ready and attach them along with the education loan application form. Here\u2019s the list of documents that an applicant is required to submit to ensure a smooth <strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/idbi-bank-education-loan-disbursement-process\/\">IDBI Education Loan Disbursement process<\/a>.<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Aadhaar Card\/ PAN Card\/ Voter ID for proof of identity and address<\/li>\n\n\n\n<li>Valid Documents as per KYC norms&nbsp;<\/li>\n\n\n\n<li>Mark sheets from Class 10th onwards till the last qualifying examination<\/li>\n\n\n\n<li>Entrance Exam Result sheet<\/li>\n\n\n\n<li>Offer Letter \/Admission Letter from the University for the course<\/li>\n\n\n\n<li>Schedule of expenses for the course&nbsp;<\/li>\n\n\n\n<li>Passport-size photographs&nbsp;<\/li>\n\n\n\n<li>Details of previous\/existing loans, if any<\/li>\n\n\n\n<li>Self-attested copy of VISA<\/li>\n\n\n\n<li>Self-attested copies of travel documents, if borrower claims reimbursement of travel expenses.<\/li>\n\n\n\n<li>Business or Income Proof of Co-applicant<\/li>\n\n\n\n<li>ITR filing&nbsp;<\/li>\n\n\n\n<li>Salary Slips<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: If you are planning to avail of an education loan from SBI, check out our blog to understand the <a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-education-loan-disbursement-process\/\">SBI Education Loan Disbursement Process<\/a>.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-apply-for-an-idbi-education-loan\"><span id=\"how-to-apply-for-an-idbi-education-loan\">How to Apply for an IDBI Education Loan?<\/span><\/h2>\n\n\n\n<p>IDBI Education loans can be easily applied through the Vidya Lakshmi Portal. The application process is completely online. Students must ensure that they keep the documents handy. Follow these simple steps to apply for IDBI loans quickly and without any hassle.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Visit the Vidya Lakshmi Portal and enter your details like the account name, phone number, email ID, and password for the registration process.<\/li>\n\n\n\n<li>Sign in to your account, click on the Loan Application Form button and you will be directed to a new screen.<\/li>\n\n\n\n<li>Enter all the details like a source of finance, program cost, deals with banks, details of securities etc.<\/li>\n\n\n\n<li>Provide the documents whatever is in the mandatory list. In addition, you may also post the necessary documents yourself, which would be a good idea to get approved elsewhere.<\/li>\n\n\n\n<li>Submit the details and await a phone call from one of the representatives of the bank. The bank shall let you know within 30 days of receiving the form.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-expenses-covered-nbsp\"><span id=\"expenses-covered\">Expenses Covered&nbsp;<\/span><\/h2>\n\n\n\n<p>IDBI Bank education to study abroad covers various expenses to help students finance their studies. These include fees payable to the university, accommodation expenses, travel expenses, examination fees, and other different kinds of expenses. Let\u2019s have a look at the list of expenses that are covered under&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tuition fees payable to the University&nbsp;<\/li>\n\n\n\n<li>Accommodation expenses (On-campus)<\/li>\n\n\n\n<li>Reasonable lodging and boarding charges (in case of off-campus accommodation)<\/li>\n\n\n\n<li>Examination\/ Library\/ Laboratory fee Caution deposit<\/li>\n\n\n\n<li>Purchase of books\/ equipment\/ instruments\/ uniforms\/computer at reasonable cost if essential for the course<\/li>\n\n\n\n<li>Any other expenses like academic and maintenance fees, study tours, project work, thesis, exchange programme etc. required to complete the course (maximum up to 20% of total tuition fees)&nbsp;<\/li>\n\n\n\n<li>Insurance premium for student borrowers<\/li>\n\n\n\n<li>Scholarships, fee waivers etc. may be taken into consideration on condition that the same gets credited to the loan account when received<\/li>\n\n\n\n<li>Travel expenses for studies abroad<\/li>\n\n\n\n<li><a href=\"https:\/\/fly.finance\/blog\/money-transfer\/what-is-a-gic-account\/#:~:text=A%20GIC%20account%20stands%20for,rates%20for%20a%20fixed%20period.\"><strong>Guaranteed Investment Certificate<\/strong><\/a> (GIC) applicable for Canada&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1710743727801\"><strong class=\"schema-faq-question\">Can I get an IDBI education loan to study abroad?<\/strong> <p class=\"schema-faq-answer\">Yes, IDBI Banks provide education loans to study abroad aspirants based on their needs.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1710743729129\"><strong class=\"schema-faq-question\">What is the IDBI Education Loan Interest Rate?<\/strong> <p class=\"schema-faq-answer\">IDBI education loan interest rates range from 10%-12% based on the loan amount, repayment period and collateral. They are linked to RLLR and education loans are provided at floating rates.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1710743730340\"><strong class=\"schema-faq-question\">What is the maximum amount of education loan from IDBI Bank?<\/strong> <p class=\"schema-faq-answer\">Aspiring students can get up to INR 75 lakhs for eligible Courses offered by foreign Institutes\/Universities in the USA, the UK, Canada, Australia, the European Union, Singapore, Japan, Hong Kong &amp; New Zealand.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1710743731364\"><strong class=\"schema-faq-question\">What is the tenure of education loans in IDBI bank?<\/strong> <p class=\"schema-faq-answer\">IDBI education loan can be paid in monthly instalments for a period of up to 15 years. The repayment starts after a moratorium period of 1 year after course completion.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1710743732476\"><strong class=\"schema-faq-question\">Who is eligible to apply for IDBI education loans to study abroad?<\/strong> <p class=\"schema-faq-answer\">The applicant should be an Indian citizen. NRI students who have secured admission for full-time regular courses in recognized institutions abroad are also eligible to avail of IDBI education loans.<\/p> <\/div> <\/div>\n\n\n\n<p>This was all about IDBI education loans to study abroad. Make sure to compare different lenders and read the terms and conditions carefully.&nbsp;<\/p>\n\n\n\n<p>To know more about the loan application process, the <strong>best <a href=\"https:\/\/fly.finance\/blog\/student-account\/\">bank accounts for students<\/a><\/strong>, forex and banking experience for global students or <a href=\"https:\/\/fly.finance\/blog\/money-transfer\/\"><strong>international money transfers<\/strong><\/a>, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background\"><thead><tr><th>Related Blogs<\/th><\/tr><\/thead><tbody><tr><td><a href=\"https:\/\/fly.finance\/blog\/scholarships\/canadian-government-scholarships-for-international-students\/\">Canadian Government Scholarship for Indian Government<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/scholarships\/best-international-scholarships-to-study-in-us\/\">Best International Scholarship to Study in the USA<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/how-education-loan-insurance-eases-financial-stress\/\">How Education Loan Insurance Eases Financial Stress<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Follow Us on Social Media <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-instagram  wp-block-social-link\"><a href=\"https:\/\/instagram.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12,4.622c2.403,0,2.688,0.009,3.637,0.052c0.877,0.04,1.354,0.187,1.671,0.31c0.42,0.163,0.72,0.358,1.035,0.673 c0.315,0.315,0.51,0.615,0.673,1.035c0.123,0.317,0.27,0.794,0.31,1.671c0.043,0.949,0.052,1.234,0.052,3.637 s-0.009,2.688-0.052,3.637c-0.04,0.877-0.187,1.354-0.31,1.671c-0.163,0.42-0.358,0.72-0.673,1.035 c-0.315,0.315-0.615,0.51-1.035,0.673c-0.317,0.123-0.794,0.27-1.671,0.31c-0.949,0.043-1.233,0.052-3.637,0.052 s-2.688-0.009-3.637-0.052c-0.877-0.04-1.354-0.187-1.671-0.31c-0.42-0.163-0.72-0.358-1.035-0.673 c-0.315-0.315-0.51-0.615-0.673-1.035c-0.123-0.317-0.27-0.794-0.31-1.671C4.631,14.688,4.622,14.403,4.622,12 s0.009-2.688,0.052-3.637c0.04-0.877,0.187-1.354,0.31-1.671c0.163-0.42,0.358-0.72,0.673-1.035 c0.315-0.315,0.615-0.51,1.035-0.673c0.317-0.123,0.794-0.27,1.671-0.31C9.312,4.631,9.597,4.622,12,4.622 M12,3 C9.556,3,9.249,3.01,8.289,3.054C7.331,3.098,6.677,3.25,6.105,3.472C5.513,3.702,5.011,4.01,4.511,4.511 c-0.5,0.5-0.808,1.002-1.038,1.594C3.25,6.677,3.098,7.331,3.054,8.289C3.01,9.249,3,9.556,3,12c0,2.444,0.01,2.751,0.054,3.711 c0.044,0.958,0.196,1.612,0.418,2.185c0.23,0.592,0.538,1.094,1.038,1.594c0.5,0.5,1.002,0.808,1.594,1.038 c0.572,0.222,1.227,0.375,2.185,0.418C9.249,20.99,9.556,21,12,21s2.751-0.01,3.711-0.054c0.958-0.044,1.612-0.196,2.185-0.418 c0.592-0.23,1.094-0.538,1.594-1.038c0.5-0.5,0.808-1.002,1.038-1.594c0.222-0.572,0.375-1.227,0.418-2.185 C20.99,14.751,21,14.444,21,12s-0.01-2.751-0.054-3.711c-0.044-0.958-0.196-1.612-0.418-2.185c-0.23-0.592-0.538-1.094-1.038-1.594 c-0.5-0.5-1.002-0.808-1.594-1.038c-0.572-0.222-1.227-0.375-2.185-0.418C14.751,3.01,14.444,3,12,3L12,3z M12,7.378 c-2.552,0-4.622,2.069-4.622,4.622S9.448,16.622,12,16.622s4.622-2.069,4.622-4.622S14.552,7.378,12,7.378z M12,15 c-1.657,0-3-1.343-3-3s1.343-3,3-3s3,1.343,3,3S13.657,15,12,15z M16.804,6.116c-0.596,0-1.08,0.484-1.08,1.08 s0.484,1.08,1.08,1.08c0.596,0,1.08-0.484,1.08-1.08S17.401,6.116,16.804,6.116z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Instagram<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-linkedin  wp-block-social-link\"><a href=\"https:\/\/www.linkedin.com\/company\/flyfinance\/\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M19.7,3H4.3C3.582,3,3,3.582,3,4.3v15.4C3,20.418,3.582,21,4.3,21h15.4c0.718,0,1.3-0.582,1.3-1.3V4.3 C21,3.582,20.418,3,19.7,3z M8.339,18.338H5.667v-8.59h2.672V18.338z M7.004,8.574c-0.857,0-1.549-0.694-1.549-1.548 c0-0.855,0.691-1.548,1.549-1.548c0.854,0,1.547,0.694,1.547,1.548C8.551,7.881,7.858,8.574,7.004,8.574z M18.339,18.338h-2.669 v-4.177c0-0.996-0.017-2.278-1.387-2.278c-1.389,0-1.601,1.086-1.601,2.206v4.249h-2.667v-8.59h2.559v1.174h0.037 c0.356-0.675,1.227-1.387,2.526-1.387c2.703,0,3.203,1.779,3.203,4.092V18.338z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">LinkedIn<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-twitter  wp-block-social-link\"><a href=\"https:\/\/twitter.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M22.23,5.924c-0.736,0.326-1.527,0.547-2.357,0.646c0.847-0.508,1.498-1.312,1.804-2.27 c-0.793,0.47-1.671,0.812-2.606,0.996C18.324,4.498,17.257,4,16.077,4c-2.266,0-4.103,1.837-4.103,4.103 c0,0.322,0.036,0.635,0.106,0.935C8.67,8.867,5.647,7.234,3.623,4.751C3.27,5.357,3.067,6.062,3.067,6.814 c0,1.424,0.724,2.679,1.825,3.415c-0.673-0.021-1.305-0.206-1.859-0.513c0,0.017,0,0.034,0,0.052c0,1.988,1.414,3.647,3.292,4.023 c-0.344,0.094-0.707,0.144-1.081,0.144c-0.264,0-0.521-0.026-0.772-0.074c0.522,1.63,2.038,2.816,3.833,2.85 c-1.404,1.1-3.174,1.756-5.096,1.756c-0.331,0-0.658-0.019-0.979-0.057c1.816,1.164,3.973,1.843,6.29,1.843 c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>IDBI Bank provides education loans to study-abroad aspirants at affordable interest rates. It offers financial assistance to deserving and meritorious students by covering tuition fees, accommodation expenses, travel expenses and other related expenses. For eligible courses in premier institutes of countries like the USA, the UK, Canada, Australia, EU, Singapore and many others, IDBI education &#8230; <a title=\"IDBI Education Loan to Study Abroad: Interest Rates, Apply\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/\" aria-label=\"Read more about IDBI Education Loan to Study Abroad: Interest Rates, Apply\">Read more<\/a><\/p>\n","protected":false},"author":29,"featured_media":10968,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-10965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IDBI Education Loan to Study Abroad: Interest Rates, Apply<\/title>\n<meta name=\"description\" content=\"Check all the details on IDBI Education Loan to Study Abroad. Know the features, eligibility, interest rate etc for abroad.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IDBI Education Loan to Study Abroad: Interest Rates, Apply\" \/>\n<meta property=\"og:description\" content=\"Check all the details on IDBI Education Loan to Study Abroad. Know the features, eligibility, interest rate etc for abroad.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/\" \/>\n<meta property=\"og:site_name\" content=\"Fly Finance\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/shubhika.garg\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-08T06:42:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-07T06:18:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/03\/18121227\/IDBI-Bank-Education-Loan-to-Study-Abroad.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Shubhika Garg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shubhika Garg\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"IDBI Education Loan to Study Abroad: Interest Rates, Apply","description":"Check all the details on IDBI Education Loan to Study Abroad. Know the features, eligibility, interest rate etc for abroad.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/","og_locale":"en_US","og_type":"article","og_title":"IDBI Education Loan to Study Abroad: Interest Rates, Apply","og_description":"Check all the details on IDBI Education Loan to Study Abroad. Know the features, eligibility, interest rate etc for abroad.","og_url":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/","og_site_name":"Fly Finance","article_author":"https:\/\/www.facebook.com\/shubhika.garg\/","article_published_time":"2024-03-08T06:42:08+00:00","article_modified_time":"2024-06-07T06:18:42+00:00","og_image":[{"width":1024,"height":640,"url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/03\/18121227\/IDBI-Bank-Education-Loan-to-Study-Abroad.webp","type":"image\/webp"}],"author":"Shubhika Garg","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Shubhika Garg","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#article","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/"},"author":{"name":"Shubhika Garg","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/1f13adc00f6f67e7ed5a2fb5e97bfec6"},"headline":"IDBI Education Loan to Study Abroad: Interest Rates, Apply","datePublished":"2024-03-08T06:42:08+00:00","dateModified":"2024-06-07T06:18:42+00:00","mainEntityOfPage":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/"},"wordCount":1386,"commentCount":0,"publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"image":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/03\/18121227\/IDBI-Bank-Education-Loan-to-Study-Abroad.webp","articleSection":["Education Loan"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#respond"]}],"accessibilityFeature":["tableOfContents"]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/","url":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/","name":"IDBI Education Loan to Study Abroad: Interest Rates, Apply","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#primaryimage"},"image":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/03\/18121227\/IDBI-Bank-Education-Loan-to-Study-Abroad.webp","datePublished":"2024-03-08T06:42:08+00:00","dateModified":"2024-06-07T06:18:42+00:00","description":"Check all the details on IDBI Education Loan to Study Abroad. Know the features, eligibility, interest rate etc for abroad.","breadcrumb":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#faq-question-1710743727801"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#faq-question-1710743729129"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#faq-question-1710743730340"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#faq-question-1710743731364"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#faq-question-1710743732476"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#primaryimage","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/03\/18121227\/IDBI-Bank-Education-Loan-to-Study-Abroad.webp","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/03\/18121227\/IDBI-Bank-Education-Loan-to-Study-Abroad.webp","width":1024,"height":640,"caption":"IDBI-Bank Education Loan to Study Abroad"},{"@type":"BreadcrumbList","@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fly.finance\/blog\/"},{"@type":"ListItem","position":2,"name":"Education Loan","item":"https:\/\/fly.finance\/blog\/category\/education-loan\/"},{"@type":"ListItem","position":3,"name":"IDBI Education Loan to Study Abroad: Interest Rates, Apply"}]},{"@type":"WebSite","@id":"https:\/\/fly.finance\/blog\/#website","url":"https:\/\/fly.finance\/blog\/","name":"Fly Finance","description":"Explore blogs related to Education Loan, Student Bank Account, International Money Transfer, Scholarships along with latest news at Fly Finance.","publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fly.finance\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fly.finance\/blog\/#organization","name":"Fly Finance","url":"https:\/\/fly.finance\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","width":1080,"height":1080,"caption":"Fly Finance"},"image":{"@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/1f13adc00f6f67e7ed5a2fb5e97bfec6","name":"Shubhika Garg","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/df0315e532cdf62ee7275a4a65914c25f90ec1b0b137b1bf0bbca958325909f8?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/df0315e532cdf62ee7275a4a65914c25f90ec1b0b137b1bf0bbca958325909f8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/df0315e532cdf62ee7275a4a65914c25f90ec1b0b137b1bf0bbca958325909f8?s=96&d=mm&r=g","caption":"Shubhika Garg"},"description":"Hey there! I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.","sameAs":["https:\/\/www.facebook.com\/shubhika.garg\/","https:\/\/www.instagram.com\/shubhika.garg\/","https:\/\/www.linkedin.com\/in\/shubhikagarg71\/","https:\/\/www.tumblr.com\/blog\/shubhikahere"],"url":"https:\/\/fly.finance\/blog\/author\/shubhika\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#faq-question-1710743727801","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#faq-question-1710743727801","name":"Can I get an IDBI education loan to study abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, IDBI Banks provide education loans to study abroad aspirants based on their needs.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#faq-question-1710743729129","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#faq-question-1710743729129","name":"What is the IDBI Education Loan Interest Rate?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"IDBI education loan interest rates range from 10%-12% based on the loan amount, repayment period and collateral. They are linked to RLLR and education loans are provided at floating rates.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#faq-question-1710743730340","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#faq-question-1710743730340","name":"What is the maximum amount of education loan from IDBI Bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Aspiring students can get up to INR 75 lakhs for eligible Courses offered by foreign Institutes\/Universities in the USA, the UK, Canada, Australia, the European Union, Singapore, Japan, Hong Kong &amp; New Zealand.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#faq-question-1710743731364","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#faq-question-1710743731364","name":"What is the tenure of education loans in IDBI bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"IDBI education loan can be paid in monthly instalments for a period of up to 15 years. The repayment starts after a moratorium period of 1 year after course completion.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#faq-question-1710743732476","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/idbi-education-loan-to-study-abroad\/#faq-question-1710743732476","name":"Who is eligible to apply for IDBI education loans to study abroad?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The applicant should be an Indian citizen. NRI students who have secured admission for full-time regular courses in recognized institutions abroad are also eligible to avail of IDBI education loans.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/10965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=10965"}],"version-history":[{"count":6,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/10965\/revisions"}],"predecessor-version":[{"id":12918,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/10965\/revisions\/12918"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/10968"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=10965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=10965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=10965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}