Federal Bank offers financial assistance to those who wish to pursue higher education, take up vocational training courses, pilot training courses, etc., in the form of Federal Career Solutions Loan. The maximum amount of loan that you can avail under the scheme is Rs.75 lakh for studying in India and Rs.100 lakh for studying abroad. The interest rate for Federal Career Solutions Loan starts from 10.45% p.a.
Through Federal Bank’s 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. A person interested in availing this loan can also visit Federal Bank’s nearest branch.
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