NSE: 

Fed Scholars

Fed Scholars

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?

  1. Applicant should be an Indian National
  2. Applicant shall have secured admission to any of these select institutes
  3. Management Quota seats shall not be considered under the scheme.

To avail the loan, you can choose any of these:

  1. Download the application form and submit it your branch
  2. Call our contact centre executives
  3. Please visit any of our branches
  • 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:

  • Cheques
  • 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.

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 10 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

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