Fed Scholars loan will provide financial support to deserving and meritorious students for pursuing various regular courses in select premier institutes.
- Key Features
- How to apply
- Documents Required
- Repayment Options
- Interest Rates
- Terms & Conditions
- List of eligible institutes under the scheme
- Loan up to Rs.20 Lakhs without any collateral security
- No repayment during Moratorium period
- Repayment period of 10 years.
- Subsidy available for eligible students
- Reimbursement of expenses incurred during the current academic year of the course (in which loan is availed) can be considered
- No processing Fee
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:
- 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
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
Please visit the Interest Rates page for details.
During moratorium period only simple interest will be charged.
To deserving and meritorious students for pursuing various regular courses at listed Colleges.
- Nil up to Loan amount of Rs 10L
- 5% for loans above Rs 10L
Total Loan period = Moratorium Period (course period + maximum 1 year) + maximum 10 years.
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.
Spouse /Parent /parents-in –law/ Guardian/close relatives should join the loan documents as joint borrower/guarantor.
|S. No||Name of the institution|
|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|