Education Loan Scheme Brand Brand New
Education Loan
A term loan given to Indian Nationals for pursuing degree in Asia or abroad where admission is guaranteed.
- Repayment period of upto 15 years after Course Period + 12 months of payment holiday*
- Processing Costs
- Loans upto Rs. 20 lacs: NIL
- Loans above Rs. 20 lacs: Rs. 10,000 (plus taxes)
- Protection
- Upto Rs. 7.5 Lacs Parent/ that is: Only Guardian co-borrower. No Collateral Security or party guarantee that is third
- Above Rs. 7.5 Lacs: Parent/ Guardian as co-borrower and collateral security that is tangible
- Margin
- Up to Rs 4 Lacs – Nil
- Above Rs 4 Lacs – 5% for studies in Asia, 15% for studies in abroad
- Repayment will commence one 12 months after conclusion needless to say.
- Loan to be repa
Eligibility
- A term loan issued to Indian Nationals for pursuing advanced schooling in Asia or abroad where admission happens to be guaranteed.
Courses Covered
Studies in Asia
- Graduation, Post-graduation including regular technical and expert Degree/Diploma courses carried out by colleges/universities authorized by UGC/ AICTE/IMC/Govt. Etc Regular Degree/ Diploma Courses carried out by autonomous organizations like IIT, IIM etc
- Instructor training/ Nursing courses authorized by Central federal federal government or perhaps the local government
- Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping etc. Authorized by Director General of Civil Aviation/Shipping/ concerned authority b that is regulatory. Studies abroad:
- Job oriented professional/ technical Graduation Degree courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc provided by respected universities Courses carried out by CIMA (Chartered Institute of Management Accountants) – London, CPA (Certified Public Accountant) in United States Of America etc.
Studies abroad
- Job oriented professional/ graduation that is technical courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc provided by respected universities.
- Courses carried out by CIMA (Chartered Institute of Management Accountants) – London, CPA (Certified Public Accountant) in United States Of America etc.
Costs Covered
- Costs payable to college/school/hostel
- Examination/Library/Laboratory charges
- Buy of Books/Equipment/Instruments/Uniforms, Buy of computer systems- needed for conclusion for the program (maximum 20% associated with tuition that is total payable for conclusion associated with program).
- Care Deposit/Building Fund/Refundable Deposit (optimum 10% of tuition charges for the whole program).
- Travel Expenses/Passage cash for studies abroad.
- Price of a Two-wheeler upto Rs. 50,000/-
- Any kind of costs needed to finish this course like research trips, task work etc.
Loan Amount
- For studies in Asia – Maximum Rs 10 lacs
- Studies abroad – Maximum Rs 20 lacs
- Greater loan limitation for studies in Asia are cons Greater loan restriction for studies in abroad are cons
Checklist of documents to duly be submitted along-with filled Loan form
Student-applicant
- Evidence of Note: All papers must be self-attested. # Terms and conditions use.
Rates Of Interest
Loan quantity as much as Rs. 3 lakhs
Rs. 3 lakhs & as much as Rs. 5 lakhs
Begin With
Above Rs. 1 lakh
Upto Rs.7.50 lakh
Above Rs.7.50 lakh
(On Using through YONO)
1 12 months to not as much as 2 year
A couple of years to not as much as 36 months
Fast Hyper Hyper Links
Education Loan Residence
SBI Education Loan Scheme
Loan for Premier Institutes (IITs, IIMs, NITs etc. )
Studies abroad (above Rs. 20 lakhs)
Skill Loan (Max. Rs. 1.5 lakhs)
Takeover Of Education Loans
Dr. Ambedkar Interest Subsidy Scheme for Overseas Studies.
Padho Pardesh Interest Subsidy Scheme for Overseas Studies for the.
INTEREST SUBSIDY SCHEME
Education Loan MITC
- Features
- Eligibility
- Conditions and terms
Rates Of Interest
Loan quantity as much as Rs. 3 lakhs
Rs. 3 lakhs & as much as Rs. 5 lakhs
Begin From
Above Rs. 1 lakh
Upto Rs.7.50 lakh
Above Rs.7.50 lakh
(On Using through YONO)
1 12 months to lower than 2 year
Two years to lower than 36 months
ESSENTIAL: State Bank of India never ask online installment loans washington for the user id / password / pin no. Through phone call / SMSes / e-mails. Any such phone call / SMSes / e-mails asking one to expose credential or One Time Password through SMS could possibly be try to withdraw cash from your account. NEVER share this info to anybody. State Bank of Asia wishes one to be safe. In the event that you run into such instances be sure to notify us through email to your after target-
© Copyright State Bank of Asia (APM Id: Webs_Info_875)
Web Site best seen at 1420 x 768 quality in Edge, Mozilla 40 +, Bing Chrome 45 +
