Educational loans

Federal Bank

Bank Type : Private Bank
No. Of Branches : 1216

About Bank

The history of Federal Bank dates back to the pre-independence era. Though initially it was known as the Travancore Federal Bank, it gradually transformed into a full-fledged bank under the able leadership of its Founder, Mr. K P Hormis. The name Federal Bank Limited was officially announced in the year 1947 with its headquarters nestled on the banks of the river Periyar. Since then there has been no looking back and the bank has become one of the strongest and most stable banks in the country.

Loan Procedures

Key Features:


Speedy loan approval

Loan can be availed for higher studies in India & Abroad excluding vocational training & skill development study courses.

Loan amount up to Rs.10 Lakhs for studies in India and Rs.20 Lakhs abroad

No security is needed Up to Rs 4 Lakhs.

Minimal paperwork

No repayment during Moratorium period

Repayment can be made in easy EMIs

With Special Vidya Loan, Meritorious students are provided with an opportunity to pursue education with the financial support from the bank.


Applicant should be an Indian National

Applicant shall have secured admission to professional/technical courses through Entrance test/selection process

Course & Institution should have necessary approval/recognition

Course certificate should be issued by University / Govt.Dept / a body formed by enactment of Parliament

Vocational Training and Skill development study courses will not be eligible.

Documents Required:

Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)

Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)

Offer letter / Admission letter

Basic Qualification & mark-list

Proof of Fees structure

Terms & Conditions:

Quantum of Finance:


Quantum of finance is subject to repaying capacity of the parents / students.

Satisfactory performance of the student necessary for continued disbursal.


Items covered under loan:


Fee payable to College / School, Hostel, Tuition, Examination, Library, Lab

Cost of books, equipments, instruments, Uniform, Travel expenses, Computer (if essential for the course)

Expenses for study tours / project work / thesis etc

Caution deposit, Amount payable towards building fund, refundable deposit etc supported by bills / receipts but cannot exceed 10% of the tuition fee.



Up to Rs 4.00 L No Margin is applicable.  

For studies in India above Rs 4 Lakhs - 5%

For Studies Abroad above Rs 4 Lakhs - 15%

Loan Period:

Moratorium period + 5 to 7 years.

(Moratorium period  will be period of the course + one year / 6 months after getting job, whichever is earlier)




Documents should be executed by the student and parent / guardian as joint borrowers




No security is needed Up to Rs 4 Lakhs.

Third party guarantee acceptable to bank / collateral security for loans up to 7.50 Lakhs.

Above Rs 7.50 Lakhs, collateral security with stipulated margin is required

Repayment options:

Repayment of the loan is made as Equated Monthly Installments (EMI).


You can use any one of the ways to repay the loan:



Standing instructions at your branch

FedNet - Internet Banking

Automated Payment through ECS

Mobile Banking


For Interest Rates & Charges:

Click Here


Federal Towers, Aluva, Kochi - 683 101, Kerala, India.

+91- 484 - 2630994

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