Interest-free Education Loan Scheme ( IFEL Scheme )

Grab your opportunity to pursue Higher Education without worrying about the fees. The Government of Goa has designed a scheme for Goan students that will grant them Interest-Free Loan for Higher Education, which means you just have to pay back the principal amount and the Government will bear the interest on it.

The scheme has been designed in such a way that repayment of the loan starts one full year after you have completed your study period thus allowing you to find a suitable job. The duration of the course or years of study left for an ongoing course, for which you need a loan, will determine which financing plan suits you the best. 

Download Brochure [PDF format]

Details of the Scheme [PDF format]

Bonds:
1. Bond and Affidavit for the Major applicant.
2. Bond and Affidavit for the Minor applicant.
3. Bond and Affidavit for applicants pursuing Foreign Courses.
4. Bond for Renewal.

Forms: 
1. Re-payment for 3years  ::  2. Re-payment for 5years  ::  3. Re-payment for 7years

4. Re-payment for 9years  ::   5. Re-payment for 11years