IDFC FIRST Bank Education Loan (India)
IDFC FIRST Bank Education Loan with digital-first application and coverage of premier Indian institutes.
Documents required
- PAN Card
- Aadhaar Card
- Admission letter
- Fee structure
- Co-borrower KYC
- Co-borrower income proof
As published by IDFC FIRST Bank. Your branch may ask for more.
Best for: Students at premier Indian institutes (IIT/IIM/AIIMS) wanting a digital-first bank process.
Eligibility
Loan terms
- Digital-first application
- Covers premier Indian institutes
- Short moratorium options
Fees & charges
Tax: interest paid is deductible under Section 80E with no upper cap, for up to 8 years. Confirm with a tax adviser.
FAQ
After the moratorium — course duration plus 6 to 12 months. Interest accrues during study; paying simple interest through the moratorium reduces your later EMI.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.