STATE BANK OF INDIA EDUCATIONAL LOANS

Purpose

You can take a loan for pursuing studies in recognised schools/colleges/ institutions to meet:

* Tuition and other fees
* Maintenance costs, books & equipments,etc.
* Cost of passage (for studies abroad)
* Caution fund/building fund/refundable deposit

Eligibility

* Should be an India National
* Secured admission to professional/ technical courses through Entrance Test/    Selection process
* Secured admission to foreign university/ Institution

Loan Amount

Need based finance subject to the repaying capacity of the parents/ students with margin and the following ceilings.
* studies in India - Maximum Rs.7.50 lacs
* studies Abroad - Maximum Rs.15 lacs

Margin

Upto Rs.4 lacs: No margin

Above Rs.4 lacs
* Studies in India: 5%
* Studies Abroad: 15%

Interest

Click here to view the Latest interest rates

Repayment of loan

Repayment Holiday - Course period + 1 year or 6 months after getting job, whichever is earlier.

The loan to be repaid in 5-7 years after commencement of repayment

Prepayments permitted without any penalty

download the application forms

 

Comments (7)

chandra sekhar
Said this on 4-4-2008 At 02:09 pm
hi
this is very useful for me i really thank to u
mohammed imtiaz.E
Said this on 5-12-2008 At 01:14 pm
yes ,it will be very usefull.soon i will be comming to this bank.thank u
arulselvam
Said this on 7-17-2008 At 01:21 pm
i want study in america
ubai
Said this on 4-21-2009 At 01:37 pm
Hi i want education loan for my higher studies any one help me how do i apply for it
manju
Said this on 5-20-2009 At 12:15 pm
hi i want education loan for my studies. plz help me how 2 apply for it.........
KEERTHI
Said this on 8-17-2009 At 12:37 pm
is SBIgiving loans for students studying in china medical universities ,my college is recognised by medical council of india
Said this on 10-26-2009 At 01:06 pm

 than you!!!

the information is very useful

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