IDBI Bank Education Loan Interest Rate 2026
Last updated:
Quick Answer
IDBI Bank education loan rates range from 8.5–11.5% p.a.. Loans up to ₹7.5 lakh do not require collateral. Interest is eligible for Section 80E deduction.
IDBI Bank Education Loan Rate — Rates at a Glance
| India studies (up to ₹7.5 lakh) | 8.5% p.a.(No collateral required) |
| India studies (above ₹7.5 lakh) | 9.00% p.a.(Collateral required) |
| Abroad studies (up to ₹7.5 lakh) | 9.00% p.a. |
| Abroad studies (above ₹7.5 lakh) | 11.5% p.a.(Collateral required) |
| Moratorium period | Course duration + 6–12 months |
| Maximum tenure | 15 years |
Rates are indicative as of 2026-04-07. Verify with IDBI Bank official website before investing.
Key Things to Know
- 1Loan up to ₹7.5 lakh without collateral; higher amounts need security
- 2Moratorium period: course duration + 6 months (repayment starts after)
- 3Section 80E: 100% tax deduction on interest for 8 years
- 4Competitive rates starting at 8.5% p.a.
- 5Coverage includes tuition, hostel, books, equipment, and study tours
- 6Government subsidy schemes (CSIS) available for economically weaker sections
Calculate Your Returns
Monthly EMI
₹8,678
Total Interest
₹10,82,776
Total Payment
₹20,82,776
Amortization Schedule (Yearly)
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹19,902 | ₹84,236 | ₹9,80,098 |
| 2 | ₹21,661 | ₹82,477 | ₹9,58,436 |
| 3 | ₹23,576 | ₹80,563 | ₹9,34,860 |
| 4 | ₹25,660 | ₹78,479 | ₹9,09,200 |
| 5 | ₹27,928 | ₹76,211 | ₹8,81,272 |
Paisabazaar
SponsoredCompare home loan offers from 30+ banks
- Rates starting 8.35%
- Free CIBIL check
- Paperless approval in 3 days
CalcHub earns a commission when you apply through this link — at no extra cost to you.
BankBazaar
SponsoredPre-approved home loans from top Indian banks
- SBI, HDFC, ICICI, Axis rates
- EMI starts from ₹670 per lakh
- Zero processing fee offers
CalcHub earns a commission when you apply through this link — at no extra cost to you.
Frequently Asked Questions
What is IDBI Bank education loan interest rate?
IDBI Bank education loan rates start at 8.5% p.a. for domestic studies and go up to 11.5% p.a. for abroad studies with collateral.
Is IDBI Bank education loan covered under 80E?
Yes, interest paid on education loans from IDBI Bank qualifies for Section 80E deduction for up to 8 years from the year repayment begins. The deduction has no upper limit.
Can I get IDBI Bank education loan without collateral?
Yes, IDBI Bank offers education loans up to ₹7.5 lakh without collateral. Amounts above ₹7.5 lakh require tangible security like property.
When does repayment start for IDBI Bank education loan?
Repayment begins 6–12 months after course completion or immediately after getting a job, whichever is earlier. During the moratorium, only simple interest accrues.