Education Loan Scheme – Personal Banking

Education Loan Scheme Brand Brand New

Education Loan

A phrase loan provided 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)
• Safety
  • Upto Rs. 7.5 Lacs: Only Parent/ Guardian as 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 provided to Indian Nationals for pursuing degree 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 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 regulatory authority b. 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/ 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.

  Costs Covered

  • Costs payable to college/school/hostel
  • Examination/Library/Laboratory charges
  • Purchase of Books/Equipment/Instruments/Uniforms, Purchase of computer systems- needed for conclusion regarding the program (maximum 20% of this total tuition charges payable for conclusion associated with the program).
  • Care Deposit/Building Fund/Refundable Deposit (optimum 10% of tuition charges for your program).
  • Travel Expenses/Passage cash for studies abroad.
  • Price of a Two-wheeler upto Rs. 50,000/-
  • Just about any costs necessary to finish the program like research trips, task work etc.

  Loan Amount

  • For studies in Asia – Maximum Rs 10 lacs
  • Studies abroad – Maximum Rs 20 lacs
  • Higher loan restriction for studies in Asia are cons Greater loan restriction for studies in abroad are cons

    Checklist of papers become submitted along-with duly filled Loan form

    Student-applicant

    • Evidence of Note: All papers must certanly be self-attested. # Terms and conditions use.

    Interest Levels

    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 year to lower than 2 year

    24 months to lower than three years

    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)

    Ability Loan (Max. Rs. 1.5 lakhs)

    Takeover Of Education Loans

    Dr. Ambedkar Interest Subsidy Scheme for Overseas Studies.

    Padho Pardesh Interest Scheme that is subsidy for Studies for the.

    INTEREST SUBSIDY SCHEME

    Education Loan MITC

    • Features
    • Eligibility
    • Conditions and terms

    Interest Levels

    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 to less than 2 year year

    24 months to not as much as three years

    SIGNIFICANT: State Bank of Asia never ask for the user id / password / pin no. Through phone call / SMSes / e-mails. Any phone that is such / SMSes / e-mails asking one to expose credential or One Time Password through installment loans washington SMS might be make an effort to withdraw funds from your own account. NEVER share these records to anybody. State Bank of Asia wishes one to be protected. In the event that you run into such instances be sure to notify us through email to your after address-

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