What loan amount and interest rate can I get under the NBCFDC education loan scheme?
15 Oct 2026 · Answered by Muskan Jain · 1 min read
Quick Answer
verified
The NBCFDC education loan scheme typically offers up to INR 20 lakh at a 4% interest rate for students from backward classes, and female students get a 0.5% concession. Your family income should usually not be more than INR 3 lakh, so confirm terms on the official site.
Under the NBCFDC scheme, you can typically get up to INR 20 lakh as a student loan at a 4% interest rate, and female students get a 0.5% concession. The scheme is meant for students from backward classes.
NBCFDC Loan Terms
| Feature | Detail |
|---|---|
| Loan amount | Up to INR 20 lakh |
| Interest rate | 4%, with a 0.5% concession for female students |
| Family income | Not more than INR 3.00 lakh annually |
| Category | Member of a Backward Class |
| Courses covered | Professional, technical and vocational |
Eligibility and Documents
- You need valid documents showing you belong to a BPL (Below Poverty Line) family with family income below INR 3.00 lakh a year.
- You must have passed the entrance test needed for the university, such as GRE, GMAT, IELTS or TOEFL for study abroad.
- The official website for the scheme is https://www.nbcfdc.gov.in/.
My Advice
Gather your category and income documents early, since they decide your eligibility. Rates and limits can be revised, so check the official NBCFDC page for the latest figures before you apply.
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