Eligibility :

Should have a good academic record.
Maximum Amount for India : Rs 200000
Maximum Amount Overseas: Rs 600000

Documents to be submitted :

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

Time to Process :

1 Week

Interest Rate

In India ………………………………Upto Rs 400000…………………. 12% pa
Above Rs 400000…………………13% pa.
For Overseas ……………………..Upto Rs 400000 ………………….. 12% pa
above Rs 400000……………………13% pa.
Collateral and Third Party guarantee required.

Tenures :

Maximum of five years

Repayment :

Maximum after 3 months of completion of course or the date of joining of job which ever earlier.

Contact :

Delhi Tel: 3362003, Bangalore Tel: 2266207, Chennai Tel: 8524142, Hyderabad Tel: 4755324, Kolkata Tel: 2299700, Mumbai Tel: 2182226

Website: www.iob.in