Fed Scholars
Key Features
Fed Scholars loan will provide financial support to deserving and meritorious students for pursuing various regular courses in select premier institutes.
How to apply
Who can apply?
- Applicant should be an Indian National
- Applicant shall have secured admission to any of these select institutes
- Management Quota seats shall not be considered under the scheme.
To avail the loan, you can choose any of these:
- Call our contact centre executives
- Please visit any of our branches
- Apply through PM-Vidyalaxmi Portal and contact branch with Application ID
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
Interest Rates
- Please visit the Interest Rates page for details.
- During moratorium period only simple interest will be charged.
Terms & Conditions
To deserving and meritorious students for pursuing various regular courses at listed Colleges.
Margin
- Nil up to Loan amount of Rs 10L
- 5% for loans above Rs 10L
Loan Period
Total Loan period = Moratorium Period (course period + maximum 1 year) + maximum 15 years.
Re-imbursement
Reimbursement of expenses incurred during the current academic year of the course (in which loan is availed) can be considered subject to the submission of Documentary evidence.
Co-obligants
Spouse /Parent /parents-in –law/ Guardian/close relatives should join the loan documents as joint borrower/guarantor.
Security
NIL
List of Eligible Institutes
| S. No | Name of the institution eligible under the scheme |
|---|---|
| 1 | All India Institute of Medical Sciences (AIIMS), Delhi |
| 2 | Armed Forces Medical College (AFMC), Pune |
| 3 | Bangalore Medical College (BMC), Bangalore |
| 4 | Birla Institute of Technology & Sciences(BITS) - Pilani |
| 5 | BITS (Pilani) Goa Campus |
| 6 | Christian Medical College (CMC), Ludhiana |
| 7 | Christian Medical College (CMC), Vellore |
| 8 | Department of Industrial & Management Engineering, IIT Kanpur |
| 9 | Dept of Management Studies, IIT, Delhi |
| 10 | Indian Institute of Foreign Trade (IIFT), Delhi |
| 11 | Indian Institute of Foreign Trade (IIFT), Kolkata Campus |
| 12 | Indian Institute of Management(IIM), Ahmedabad |
| 13 | Indian Institute of Management(IIM), Kashipur |
| 14 | Indian Institute of Management(IIM), Ranchi |
| 15 | Indian Institute of Management(IIM), Rohtak |
| 16 | Indian Institute of Management(IIM), Udaipur |
| 17 | Indian Institute of Management(IIM), Bangalore |
| 18 | Indian Institute of Management(IIM), Indore |
| 19 | Indian Institute of Management(IIM), Kolkata |
| 20 | Indian Institute of Management(IIM), Kozikode |
| 21 | Indian Institute of Management(IIM), Lucknow |
| 22 | Indian Institute of Management(IIM), Raipur |
| 23 | Indian Institute of Technology , Kanpur |
| 24 | Indian Institute of Technology , Mandi |
| 25 | Indian Institute of Technology , Patna |
| 26 | Indian Institute of Technology , Roopnagar |
| 27 | Indian Institute of Technology , Roorkee |
| 28 | Indian Institute of Technology, Bhubaneshwar |
| 29 | Indian Institute of Technology, Chennai |
| 30 | Indian Institute of Technology, Delhi |
| 31 | Indian Institute of Technology, Gandhinagar |
| 32 | All India Institute of Medical Sciences (AIIMS), Bhopal Campus |
| 33 | All India Institute of Medical Sciences (AIIMS), Raipur Campus |
| 34 | Indian Institute of Technology, Indore |
| 35 | Indian Institute of Technology, Kharagpur |
| 36 | Indian Institute of Technology, Guwahati |
| 37 | Indian Institute of Technology, Mumbai |
| 38 | Indian School of Business(ISB), Hyderabad |
| 39 | Indian School of Business(ISB)-Mohali Campus |
| 40 | IT BHU , (IIT Varanasi) Banaras |
| 41 | Jawaharlal Institute of Post-Graduate Medical Education and Research (JIPMER), Pondicherry |
| 42 | Kasturba Medical College (KMC), Manipal |
| 43 | King Edward Medical College (KEMC), Mumbai |
| 44 | Marine Engineering & Research Institute, Kolkata |
| 45 | Madras Medical College (MMC), Chennai |
| 46 | Post Graduate Institute of Medical Education & Research (PGIMER), Chandigarh |
| 47 | S P Jain Institute of Management and Research (SPJIMR), Mumbai |
| 48 | SJSOM, IIT – Mumbai |
| 49 | Xavier Institute of Management (XIM), Bhubaneswar |
| 50 | Xavier Labour Relations Institute (XLRI), Jamshedpur |
Education and Career Loans
Special Vidya Loan
Features & Benefits
Special Vidya Loan Carve out a bright future with our Special Vidya Loan. With college fees increasing every year, many have no option but to opt for education loans. Special Vidya Loan aims at providing financial support from the bank to meritorious students for pursuing higher education in India and abroad. Fee payable to college/school/hostel, Examination fee, Library fee, Laboratory fee, Travel expenses/ passage money for studies abroad, Caution deposit, Purchase of books/ equipments/ instruments/ uniforms etc are covered under this scheme. Loan amount up to Rs.10 Lakhs for studies in India and up to Rs.20 Lakhs in abroad can be availed.
Fed Scholars
Features & Benefits
Fed Scholars Aspiring to join India's Premier Institutions ? Fed Scholars loan will provide financial support to deserving and meritorious students for pursuing various regular courses in select premier institutes like AIIMS, IIM, IIT, XLRI, JIPMER, BITS etc. Loan up to Rs.20 Lakhs without any collateral security under this scheme with a longer repayment period of 15 years. Subsidy available for eligible students and there is no processing fee.
Career Solutions Loan
Features & Benefits
Career Solutions Loan How far would you go to get your dream career? The job market is tough today and hence it is necessary that you have the adequate knowledge and skills to build up your career. We nourish your career dreams with our Career Solutions Loan. The loan is aimed to provide financial assistance to the needy and deserving young people to pursue higher education, vocational training courses, Pilot trainings, skill up gradation, diploma or degree courses offered in aviation, hospitality and travel management, executive development etc.
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