Education Loan Scheme – Personal Banking

Education Loan Scheme – Personal Banking

Education Loan Scheme Brand Brand New

Education Loan

A term loan provided to Indian Nationals for pursuing advanced schooling in India or abroad where admission happens to be 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 alternative party guarantee
    • 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 after completion of course year.
  • Loan to be repa

    Eligibility

    • A term loan provided to Indian Nationals for pursuing advanced schooling in Asia or abroad where admission is guaranteed.

    Courses Covered

    Studies in Asia
    • Graduation, Post-graduation including regular professional and technical Degree/Diploma courses carried out by colleges/universities approved 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 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 offered 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

    • Charges payable to college/school/hostel
    • Examination/Library/Laboratory charges
    • Buy of Books/Equipment/Instruments/Uniforms, Buy of computer systems- necessary for conclusion associated with the course (maximum 20% regarding the tuition that is total payable for completion regarding the course).
    • 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/-
    • Some other costs expected to complete the program like research trips, task work etc.

    Loan Amount

    • For studies in Asia – Maximum Rs 10 lacs
    • Studies abroad – Maximum Rs 20 lacs
    • Greater loan restriction 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 application

      Student-applicant
      • Evidence of Note: All papers ought to 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 to less than 2 12 months year

      Two years to significantly less than 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)

      Ability Loan (Max. Rs. 1.5 lakhs)

      Takeover Of Education Loans

      Dr. Ambedkar Interest Scheme that is subsidy for Studies.

      Padho Pardesh online installment loans direct lenders west virginia 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 12 months year

      A couple of years to significantly less than three years

      ESSENTIAL: 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 SMS might be make an effort to withdraw funds from your account. NEVER share these records to anybody. State Bank of Asia desires one to be safe. Through e-mail to the following address if you come across any such instances please inform us-

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