{"id":1863,"date":"2018-03-09T23:52:48","date_gmt":"2018-03-09T18:22:48","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=1863"},"modified":"2019-09-25T14:00:49","modified_gmt":"2019-09-25T08:30:49","slug":"federal-bank-career-solutions","status":"publish","type":"post","link":"https:\/\/www.antworksmoney.com\/blog\/federal-bank-career-solutions\/","title":{"rendered":"Federal Bank Career Solutions"},"content":{"rendered":"

Federal Bank provides a specific loan that is aimed at providing financing for students interested in getting enrolled in courses that fall within the educational and training category. This loan features low-interest rates and fast approval times.<\/p>\n

Usage of Federal Bank Career Solutions<\/h2>\n

This loan is provided exclusively to students for pursuing courses that are approved by the bank. The loan will cover the following expenses throughout the course \u2013<\/p>\n

    \n
  1. Tuition or course fees<\/li>\n
  2. Examination, library, laboratory fees<\/li>\n
  3. Caution deposit<\/li>\n
  4. Purchase of books, equipment and instruments<\/li>\n<\/ol>\n

    In case funding is to be required for lodging purposes or other substantial grounds, the same can be also included, based on the discretion of the bank.<\/p>\n

    Eligibility Criteria for Federal Bank Career Solutions<\/h2>\n

    A specific loan meant for students, the eligibility criteria to be met in order for the institution to be able to sanction the loan include the following –<\/p>\n

      \n
    1. Students applying for this loan must be Indian citizens and must have secured admission into a course approved by the bank and\/or the government of India<\/li>\n
    2. No minimum age limit has been specified for applying for the loan. However if the student is a minor, a related guardian can apply for the loan on his\/her behalf and the bank needs to be notified when the student attains majority<\/li>\n
    3. The bank would require the guardian to be a co-obligant for the loan and all assets purchased through the loan need to be appropriately hypothecated<\/li>\n<\/ol>\n

      Types of Financing under Federal Bank Career Solutions<\/h2>\n

      The financing modes allowed under this educational loan is a\u00a0term loan.<\/p>\n

      Loan limits under Federal Bank Career Solutions<\/h2>\n

      Based on the credit-worthiness of the applicant, Federal Bank can provide loans up to a maximum of INR 20 lakhs (courses in India) and INR 25 lakhs (courses outside India).<\/p>\n

      Interest rates for Federal Bank Career Solutions<\/h2>\n

      Interest rates for this educational loan are to be linked with the base rate of the bank and will range from Base Rate + 3.25% per annum to Base Rate + 4.90% per annum. The rates are as per November 2015.<\/p>\n

      Margin charged by Federal Bank<\/a> on this loan as of November 2015 will be differential based on the security involved.<\/p>\n

      Documentation required during applying for Federal Bank Career Solutions<\/h2>\n

      The standard list of required documents for applying for this loan are mentioned as follows \u2013<\/p>\n

        \n
      1. Educational qualification certificates<\/li>\n
      2. Government approved identity and address proof<\/li>\n<\/ol>\n

        Features of Federal Bank Career Solutions<\/h2>\n

        This\u00a0educational loan from Federal Bank<\/strong>\u00a0is a\u00a0secured loan\u00a0and a really good financing option for students aiming to pursue any new course which would aid in employment.<\/p>\n

        The loan process involves minimal documentation and its repayment period can be a maximum of 60 months.<\/p>\n

        Applying for Federal Bank Career Solutions<\/h2>\n

        Through Federal Bank\u2019s website the forms can be downloaded, filled and submitted along with relevant documents at a local branch. Additionally, one could call or mail Federal Bank requesting an executive assistance for application process.<\/p>\n","protected":false},"excerpt":{"rendered":"

        Federal Bank provides a specific loan that is aimed at providing financing for students interested in getting enrolled in courses that fall within the educational and training category. This loan features low-interest rates and fast approval times. Usage of Federal Bank Career Solutions This loan is provided exclusively to students for pursuing courses that are … Continue reading “Federal Bank Career Solutions”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1863","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\r\nFederal Bank Career Solutions - Antworks Money<\/title>\r\n<meta name=\"description\" content=\"Federal Bank provides a specific loan that is aimed at providing financing for students interested in getting enrolled in courses...\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.antworksmoney.com\/blog\/federal-bank-career-solutions\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Federal Bank Career Solutions - 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