IndiaBanks.org · independent research

Personal, home, vehicle & other loans

IB Education Loan (IBA)

IBA model education finance for recognised higher education in India or abroad, with need-based funding, course-linked moratorium and collateral/guarantee rules by loan amount and institution category.

Interest rate7.05% to 10.15% p.a. floating for the Education Loan row in Indian Bank's current personal-segment rate table; the applicable slab varies by institution category and borrower profile.Maximum amountNeed-based finance is available for India and overseas studies subject to margin and eligible expenses. The page publishes a ₹25 lakh maximum specifically for Executive Management/Executive MBA; it does not publish a universal rupee ceiling for the regular IBA route.Repayment tenureRegular India/abroad education loans: up to 180 EMIs after the course and holiday period. Executive Management/Executive MBA: up to 120 EMIs beginning the month after first disbursement; moratorium is course period plus up to one year for regular education loans.
Official product page ↗Compare category

Quick eligibility check

IB Education Loan (IBA)

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: the parent or spouse is a co-obligant/joint borrower and income documents are assessed under the bank's lending rules?

Published source: Minimum income

2Do you meet this requirement: Admission through entrance test or merit selection after HSC (10+2) or equivalent to a recognised/accredited course in India or abroad?

Published source: Eligibility

3Do you meet this requirement: parents or spouse act as co-obligants?

Published source: Eligibility

4Do you meet this requirement: Executive-management applicants must be graduates or equivalent?

Published source: Eligibility

5Are you this type of customer: Student must secure admission through entrance test or merit selection after HSC (10+2) or equivalent?

6Document checkDo you have this required document or proof: KYC identity and address proof?

Published source: Eligibility

7Document checkDo you have this required document or proof: Academic records?

Published source: Eligibility

8Document checkDo you have at least one of these required documents: Admission or offer letter?

Published source: Eligibility

9Document checkDo you have this required document or proof: Study-cost statement and fee schedule?

Published source: Eligibility
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India and eligible overseas institutions

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeEducation loan under the IBA Model Educational Loan Scheme.View source
The page identifies the product as the IBA Model Educational Loan Scheme for higher education in India and abroad.
Source
IB Education Loan (IBA) — Indian Bank
Page / section
Page title and loan parameter table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rate7.05% to 10.15% p.a. floating for the Education Loan row in Indian Bank's current personal-segment rate table; the applicable slab varies by institution category and borrower profile.View source
The current table lists Education Loan at 7.05% to 10.15% p.a.
Source
Interest Rates on Personal Segment Loan Products: Floating — Indian Bank
Page / section
Education Loan — Education Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkThe current education-loan rate row is labelled floating but does not identify a named benchmark or spread for this product.View source
The official rate table publishes a floating range without a named benchmark.
Source
Indian Bank education-loan rate review
Page / section
Education Loan rate row
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR percentage or APR calculation is published on the reviewed IBA education-loan page or current floating-rate table.View source
The page links to the prevailing interest-rate schedule but does not publish a separate .
Source
IB Education Loan (IBA) rate review
Page / section
Interest Rate row and complete product table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo minimum income amount is specified for the student in the IBA product table; the parent or spouse is a co-obligant/joint borrower and income documents are assessed under the bank's lending rules.View source
The page sets admission, course and co-obligant conditions but gives no numeric minimum-income figure.
Source
IB Education Loan (IBA) — Indian Bank
Page / section
Eligibility Criteria; List of Documents Required
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amountNeed-based finance is available for India and overseas studies subject to margin and eligible expenses. The page publishes a ₹25 lakh maximum specifically for Executive Management/Executive MBA; it does not publish a universal rupee ceiling for the regular IBA route.View source
The quantum row states need-based finance and separately gives Executive Management/Executive maximum loan amount Rs.25.00 Lacs.
Source
IB Education Loan (IBA) — Indian Bank
Page / section
Quantum of finance
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Repayment tenureRegular India/abroad education loans: up to 180 EMIs after the course and holiday period. Executive Management/Executive MBA: up to 120 EMIs beginning the month after first disbursement; moratorium is course period plus up to one year for regular education loans.View source
The official repayment row publishes 180 and 120 limits and the course-plus-holiday moratorium.
Source
IB Education Loan (IBA) — Indian Bank
Page / section
Repayment Period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeUp to ₹10 lakh: nil. Above ₹10 lakh: 0.15% of the loan amount, capped at ₹3,000; the current schedule applies GST where stated.View source
The current fee schedule publishes nil up to ₹10 lakh and 0.15% above it, capped at ₹3,000.
Source
Processing Fee on Personal Segment Loan Products — Indian Bank
Page / section
IB Educational Loan — Study In India & Studies Abroad
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo separate prepayment or foreclosure charge is stated in the reviewed IBA product table or current processing-fee schedule.View source
The reviewed sources publish processing fees and repayment rules but do not state a separate prepayment charge.
Source
IB Education Loan (IBA) charge review
Page / section
Complete product table and current fee schedule
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
EligibilityAdmission through entrance test or merit selection after HSC (10+2) or equivalent to a recognised/accredited course in India or abroad; parents or spouse act as co-obligants. Executive-management applicants must be graduates or equivalent.View source
The eligibility table lists admission, institution and co-obligant conditions.
Source
IB Education Loan (IBA) — Indian Bank
Page / section
Eligibility Criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsAdmission through entrance test or merit selection after HSC (10+2) or equivalent to a recognised/accredited course in India or abroad; parents or spouse act as co-obligants. Executive-management applicants must be graduates or equivalent.View source
The manually reviewed product record states: “Admission through entrance test or merit selection after HSC (10+2) or equivalent to a recognised/accredited course in India or abroad; parents or spouse act as co-obligants. Executive-management applicants must be graduates or equivalent.”.
Source
IB Education Loan (IBA) — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Need-based finance for tuition, hostel, examination, library and approved living or travel costs
  • Up to 180 after the course and holiday period; executive programmes up to 120
  • Margin varies by amount and study location
  • Credit-guarantee route and no collateral/third-party guarantee for eligible loans up to ₹7.50 lakh

Eligibility

  • Student must secure admission through entrance test or merit selection after HSC (10+2) or equivalent; executive management applicants must be graduates or equivalent.
  • Parents or spouse act as co-obligants/joint borrowers; institution and course must meet the bank's recognised-category rules.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • identity and address proof
  • Academic records
  • Admission or offer letter
  • Study-cost statement and fee schedule
  • Passport photographs
  • Existing-loan evidence, if any

Related official documents

IB Education Loan (IBA) — Indian Bank official product pageofficial-product-page · current · accessed 31 Aug 2026
↗
Processing Fee on Personal Segment Loan Products — Indian Bankofficial-fee-schedule · current · accessed 31 Aug 2026
↗
Interest Rates on Personal Segment Loan Products: Floating — Indian Bankofficial-rate-table · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Admission / eligibility · Published detailRecognised/accredited higher education in India or abroad after HSC (10+2) or equivalent; executive-management applicants must be graduates or equivalent.

This value is copied from IB Education Loan (IBA) — published terms. Check the table notes before relying on it.

Source: IB Education Loan (IBA) — Indian Bank · Complete loan parameter table and current processing-fee schedule Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 10 rows · 2 columnsIB Education Loan (IBA) — published termsCurrent Indian Bank IBA education-loan eligibility, expenses, margins, repayment, insurance and takeover terms.View tableHide table

Scroll sideways to view every column

IB Education Loan (IBA) — published terms
ParameterPublished detail
Admission / eligibilityRecognised/accredited higher education in India or abroad after HSC (10+2) or equivalent; executive-management applicants must be graduates or equivalent.
Eligible expensesTuition, hostel, examination, library/laboratory fees; travel and living expenses for overseas study; approved study costs.
MarginIndia/abroad: nil up to ₹4 lakh; 5%/15% above ₹4 lakh to ₹7.50 lakh; 15%/20% above ₹7.50 lakh. Executive Management/Executive margin 25%.
QuantumNeed-based finance subject to eligible expenses and margin; Executive Management/Executive maximum ₹25 lakh.
Security / guaranteeLoans up to ₹7.50 lakh may use the Credit Guarantee Fund for Educational Loans route; third-party guarantee/collateral is waived for that route; parents/spouse co-obligant.
RepaymentRegular education up to 180 after course plus holiday period; executive programmes up to 120 from the month after first disbursement.
InsuranceStudent life insurance is mandatory for the sanctioned limit and full study, holiday and repayment period; premium may be financed.
Processing feeNil up to ₹10 lakh; above ₹10 lakh 0.15%, maximum ₹3,000.
Documents, academic records, admission/offer letter, study-cost statement, photographs and existing-loan evidence.
TakeoverPermitted for students of Premier Elite and Premier Special institutes subject to regular study and scheme conditions.
IB Education Loan (IBA) — Indian Bank · Complete loan parameter table and current processing-fee schedule · accessed 31 Aug 2026Open official source ↗

More from Indian Bank

Related products

Agri Clinic and Agri Business Centres (ACABC)

Term finance for trained agriculture professionals establishing advisory, input, custom-hiring, animal-care, post-harvest and other agri-business ventures, with credit-linked subsidy.

View product

Agricultural Godowns / Cold Storage

Term-loan and working-capital finance for new or expanded agricultural godowns, cold stores, market yards and silos.

View product

Purchase of Drones for Agricultural Purpose

Farm-machinery finance for agricultural drones used for spraying, anti-locust treatment, fertiliser application and farmland mapping, including custom-hiring finance.

View product

Compressed Bio Gas Plant Financing under SATAT

Project, working-capital and non-fund finance for compressed bio-gas plants under SATAT, with a 2-tonne-per-day minimum design capacity and published margin, tenor and security bands.

View product