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IB Skill Loan

Collateral-free finance for eligible vocational and skill-development courses delivered by recognised or Skill India Digital Hub training entities.

Interest rate9.45% p.a. floating for IB Skill Loan in Indian Bank's current personal-segment rate table dated 14 August 2026.Maximum amount₹5,000 minimum and ₹7.50 lakh maximum.Repayment tenureUp to 3 years for loans up to ₹50,000; up to 5 years for loans above ₹50,000 and up to ₹1 lakh; up to 7 years above ₹1 lakh.
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Quick eligibility check

IB Skill Loan

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.

1Do you meet this requirement: eligibility is based on Indian nationality, admission/qualification and an eligible training entity or course?

Published source: Minimum income

2Do you meet this requirement: Indian national with admission or minimum qualification for an NSQF-aligned or eligible non-NSQF course from an ITI, polytechnic, recognised school/college, NSDC or state skill partner, or a training entity onboarded on Skill India Digital Hub?

Published source: Eligibility

3Does your age meet this requirement: No specific age restriction?

Published source: Eligibility

4Can you provide this required proof: parent executes documents for a minor?

Published source: Eligibility

5Do you meet this requirement: Applicant must be an Indian national who has secured admission or meets the minimum qualification for an eligible course?

6Document checkDo you have this required document or proof: Identity and nationality proof?

Published source: Eligibility

7Document checkDo you have at least one of these required documents: Admission or enrolment evidence?

Published source: Eligibility

8Document checkDo you have this required document or proof: Course fee and expense schedule?

Published source: Eligibility

9Document checkDo you have this required document or proof: Training-institute recognition/course documents?

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

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 typeSkill-development education loan.View source
The official page describes the product as a skilling loan for vocational and skill-development courses.
Source
IB Skill Loan — Indian Bank
Page / section
Objective and title
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rate9.45% p.a. floating for IB Skill Loan in Indian Bank's current personal-segment rate table dated 14 August 2026.View source
The current table lists IB SKILL Loan at 9.45% p.a.
Source
Interest Rates on Personal Segment Loan Products: Floating — Indian Bank
Page / section
Education Loan — IB SKILL Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkThe current IB Skill Loan rate row is labelled floating but does not identify a named benchmark or spread.View source
The official table publishes the floating percentage without naming a benchmark.
Source
Indian Bank IB Skill Loan rate review
Page / section
IB SKILL Loan rate row
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR percentage or APR calculation is published on the IB Skill Loan page or current floating-rate table.View source
The product page links to the rate schedule but does not publish an .
Source
IB Skill Loan rate review
Page / section
Rate of Interest row and full product table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo minimum income amount is published; eligibility is based on Indian nationality, admission/qualification and an eligible training entity or course.View source
The eligibility table sets nationality, admission and course conditions without an income threshold.
Source
IB Skill Loan — Indian Bank
Page / section
Eligibility Criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amount₹5,000 minimum and ₹7.50 lakh maximum.View source
The quantum row states minimum Rs.5000 and maximum Rs.750000.
Source
IB Skill Loan — Indian Bank
Page / section
Quantum of Finance
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Repayment tenureUp to 3 years for loans up to ₹50,000; up to 5 years for loans above ₹50,000 and up to ₹1 lakh; up to 7 years above ₹1 lakh.View source
The repayment table publishes the three amount-linked tenures.
Source
IB Skill Loan — Indian Bank
Page / section
Repayment
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeNil processing fee for Educational Skill Loan under the current Indian Bank schedule.View source
The current schedule lists NIL for IB Educational Skill Loan.
Source
Processing Fee on Personal Segment Loan Products — Indian Bank
Page / section
IB Educational Skill Loan; Educational Loans covered under Credit Guarantee Scheme
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo separate prepayment or foreclosure charge is stated in the reviewed IB Skill Loan page or current processing-fee schedule.View source
The reviewed sources publish processing fee, security and repayment but no separate prepayment charge.
Source
IB Skill Loan charge review
Page / section
Full product table and current fee schedule
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
EligibilityIndian national with admission or minimum qualification for an NSQF-aligned or eligible non-NSQF course from an ITI, polytechnic, recognised school/college, NSDC or state skill partner, or a training entity onboarded on Skill India Digital Hub. No specific age restriction; parent executes documents for a minor.View source
The official eligibility table lists nationality, institution, course and minor-document conditions.
Source
IB Skill Loan — Indian Bank
Page / section
Eligibility Criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsIndian national with admission or minimum qualification for an NSQF-aligned or eligible non-NSQF course from an ITI, polytechnic, recognised school/college, NSDC or state skill partner, or a training entity onboarded on Skill India Digital Hub. No specific age restriction; parent executes documents for a minor.View source
The manually reviewed product record states: “Indian national with admission or minimum qualification for an NSQF-aligned or eligible non-NSQF course from an ITI, polytechnic, recognised school/college, NSDC or state skill partner, or a training entity onboarded on Skill India Digital Hub. No specific age restriction; parent executes documents for a minor.”.
Source
IB Skill Loan — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹5,000 to ₹7.50 lakh finance
  • No specific student-age restriction; parent executes documents for a minor
  • No collateral; covered under the Credit Guarantee Fund Scheme for Skill Development
  • Course fees and reasonable assessment, examination, library, laboratory, books and equipment costs may be funded

Eligibility

  • Applicant must be an Indian national who has secured admission or meets the minimum qualification for an eligible course.
  • There is no minimum course-duration rule; the training entity must be recognised or onboarded on the MSDE Skill India Digital Hub.

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

Documents the bank lists

  • Identity and nationality proof
  • Admission or enrolment evidence
  • Course fee and expense schedule
  • Training-institute recognition/course documents
  • Parent or guardian loan documents where the student is a minor

Related official documents

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
↗
IB Skill Loan — Indian Bank official product pageofficial-product-page · 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.

Applicant · Published detailIndian national with admission or qualification for an eligible NSQF or non-NSQF skill course.

This value is copied from IB Skill Loan — published terms. Check the table notes before relying on it.

Source: IB Skill Loan — Indian Bank · Complete guidelines table and current rate/fee schedules Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 9 rows · 2 columnsIB Skill Loan — published termsCurrent Indian Bank skill-loan eligibility, quantum, eligible expenses, security and repayment bands.View tableHide table

Scroll sideways to view every column

IB Skill Loan — published terms
ParameterPublished detail
ApplicantIndian national with admission or qualification for an eligible NSQF or non-NSQF skill course.
Training providersITI, polytechnic, recognised school/college, NSDC or state skill partner, or training entity onboarded on Skill India Digital Hub.
Quantum₹5,000 minimum to ₹7.50 lakh maximum.
ExpensesCourse fees paid to the institute; assessment, examination, library, laboratory, caution deposit, books, equipment and instruments; boarding/lodging where justified.
Margin10%.
SecurityNo collateral; covered under the Credit Guarantee Fund Scheme for Skill Development.
RepaymentUp to 3 years for loans up to ₹50,000; up to 5 years above ₹50,000 to ₹1 lakh; up to 7 years above ₹1 lakh.
Rate9.45% p.a. floating in the current rate table; servicing during study/moratorium is optional.
Processing feeNil under the current Indian Bank education/skill fee schedule.
IB Skill Loan — Indian Bank · Complete guidelines table and current rate/fee schedules · accessed 31 Aug 2026Open official source ↗

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