Indian Overseas Bank

Should have a good academic record. 

You should have secured admission to professional/technical courses in India or abroad through entrance test/ Merit based selection process.


Courses Eligible:

Loan for your Graduation/Post graduation/Diploma/Computer education in any recognised State/Central Government/University.

Professional courses including Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, courses like ICWA, CA, CFA, etc., courses conducted by IIM, IISC, XLRI, NIFT etc.



Maximum Amount for India : Rs 10 lacs

Maximum Amount Overseas : Rs 20 lacs


Documents to be submitted :

Mark sheets,addmission approval,address proof,photgraph,income proof .


Interest Rate:

Upto Rs 4.00 lakh: 12% .

Above Rs 4.00 lakh: 13.25%.

Interest to be debited monthly  on simple basis during the repayment holiday/moratorium  period. 



For loans upto Rs. 4.00 lakh: Nil

For loans above Rs. 4.00 lakh: Studies within India 5%, For studies abroad 15%



Indian Overseas Bank charges various securities for issuing education loans under Vidya Jothi Scheme.


For education loans up to Rs.4 lacs co-obligation of parents is required.

For loans more than Rs.4 lacs and up to Rs.7.50 lacs- collateral security and Co-obligation of parents are needed.

For loans more than Rs.7.50 lacs, you need to submit tangible collateral security and ensure co obligation of parents.



You can repay the loan in equal monthly Instalments for a maximum period of 5 - 7 years excluding holiday period.


Contact :

Delhi Tel: 3362003

Bangalore Tel: 2266207

Chennai Tel: 044-28524212

Hyderabad Tel: 4755324

Kolkata Tel: 2299700

Mumbai Tel: 2182226