Pursuing higher education can be expensive, but with the right financial support, you can make your academic dreams come true. Federal Bank’s Education Loan Schemes 2025 are designed to help students fund their studies in India and abroad with flexible repayment options, low interest rates, and minimal documentation.
Loan Highlights
Loan Amount: Up to ₹20 Lakhs (India) and ₹40 Lakhs (Abroad)
Collateral-Free Loans: Up to ₹4 Lakhs
Repayment Tenure: Up to 15 years
Interest Rate: Starts from 9.25% per annum (floating)
Moratorium Period: Course duration + 1 year
Processing Fee: Nil for amounts up to ₹4 Lakhs
Eligibility Criteria
- The applicant must be an Indian citizen.
- Should have secured admission to recognized institutions in India or abroad through merit or entrance exams (like JEE, NEET, etc.).
- Annual family income should be within bank guidelines (no strict limit for loans with collateral).
- Co-applicant (parent/guardian) is mandatory.
Documents Required
- Admission letter from the institution
- Fee structure or estimate
- Mark sheets of 10th, 12th, and entrance exams
- KYC documents (Aadhaar, PAN, address proof)
- Income proof of parents/guardians
- Bank statements for the last 6 months
How to Apply
You can apply through either of the following ways:
Federal Bank Website: www.federalbank.co.in
Vidya Lakshmi Portal: www.vidyalakshmi.co.in
Visit your nearest Federal Bank branch for personalized guidance.
Why Choose Federal Bank?
- Trusted private sector bank with nationwide presence
- Quick processing and digital documentation
- Easy repayment options
- Interest concession for female students and meritorious candidates
Conclusion
If you’re planning to pursue engineering, medicine, law, or higher studies abroad, Federal Bank’s Education Loan Schemes 2025 offer one of the most reliable and student-friendly financing options. With minimal paperwork, long repayment tenure, and affordable rates, it’s a great choice for students from families with annual incomes around ₹2–3 lakhs.
Published on Scholarlify
This article is published on Scholarlify, a trusted platform dedicated to helping students discover verified scholarships, grants, and education loan opportunities across India. Scholarlify aims to empower students with accurate information, financial literacy, and access to government and private funding options — making higher education more achievable for everyone.