|
educational loan from different banks
SBI EDUCATION LOAN
The lowest interest
rates - currently between 10.5% p.a. and 11.5% p.a. - Simple Interest,
during the moratorium period No processing charges Long repayment
periods of 5-7 years, commencing a year after the course period or
six months after obtaining a job, whichever happens earlier No hidden
costs or administrative charges No prepayment penalties
The Scheme
These loans are specifically offered for the pursuit of academics in recognized schools, colleges and various other educational institutions, both in India and abroad. You may avail of this loan facility to meet:
Fees payable to college/school/hostel
Examination/Library/Laboratory fees
Purchase of Books/Equipment/Instruments/Uniforms
Caution Deposit/Building Fund/Refundable Deposit
Travel Expenses/Passage money for studies abroad
Purchase of computers considered necessary for completion of course
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
Any student who is an Indian national and
Has secured admission to a professional or a technical course through an Entrance Test or any other Selection process or
Has secured admission to a foreign University or Institution
is eligible for this scheme.
Loan Amount
The loan amounts financed are need-based and subject to the conceerned parents and/ or students repaying capacity and the following ceilings:
Education in India : A Maximum of Rs.7.50 lacs
Education Abroad : A Maximum of Rs.15.0 lacs
Documents Required
Please refer to the comprehensive list below, to ensure that you don't leave anything out at the time of submitting your completed Education Loan Application Form.
The mark sheets of your last qualifying examinations for school and graduate studies in India
The proof of admission scholarship, freeship, studentship etc.
The Schedule of expenses for the specified course
The copies of letters confirming scholarships, etc.
The copies of foreign exchange permits, if applicable
2 passport size photographs
The borrower's Bank account statement for the last six months
Income tax assessment order, not more than 2 years old
A brief statement of assets and liabilities, of the borrower
Proof of Income (i.e Salary slips/ Forms 16 etc)
THIS ONLY JUST A DATA FROM THE SBI SITE FOR MORE DETAILS KINDLY CONTACT NEAREST SBI BRANCH
|
|
