#1
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Hello I want to take SBI education loan.can you give me details about this loan scheme ? State Bank of India was founded in July 1, 1955, it is an Indian multinational, Public Sector banking and financial services company and it is a government-owned corporation with its headquarters in Mumbai, Maharastra Here I am giving you some information about Education Loan Scheme Eligibility: Student A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured. Courses Graduation courses/ Post graduation courses/ Professional courses Other courses approved by UGC/Government/AICTE etc. Here I am giving you process to apply online for Education Loan at state bank of India… Firstly go to the official website of State bank of India Looks like this image: ![]() Now left side top of the home page you will see “Personal banking” option take your cursor on this option and click on Education Loan option a new page will open which look like this image: ![]() Now on this page you will see “Apply online” option click on that option a new window will open which look like this image: ![]() After that again click on Apply online option a new page will open Look like this image: ![]() After that fill all require details and click on submit option…. Documents Required Letter of admission Completely filled in Loan Application Form 2 passport size photographs Statement of cost of study PAN Card of the student and Parent/ Guardian AADHAR Card of the student and Parent/ Guardian Proof of identity (Driving Licence/Passport/Aadhar/ any photo identity) Proof of residence (Driving Licence/Passport/Electricity bill/Telephone bill) Student/Co-borrower/ guarantor’s bank account statement for last 6 months IT return/ IT assessment order, of previous 2 years of Parent/ Guardian/ other co-borrower (if IT Payee) Brief statement of assets & liabilities of Parent/ Guardian/ other co-borrower Proof of income (i.e. salary slips/ Form 16) Parent/ Guardian/ other co-borrower SBI Education loan Interest Rates – For loans upto Rs.4 lacs 13.20% p.a. Above Rs.4 lacs and upto Rs.7.50 lacs 13.45% p.a. Above Rs.7.50 lacs 11.45% p.a. Margin For loans up to Rs.4 lacs - No Margin For loans above Rs. 4 lacs - Studies in India - 5% - Studies abroad - 15% Last edited by Aakashd; May 22nd, 2019 at 11:20 AM. |
#2
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As you want to take SBI education loan,here I am providing all details about this. It is a loan granted to Indian Nationals for pursuing higher education in India or abroad. Expenses considered for loan Fees payable to college/school/hostel. Examination/Library/Laboratory fees. Purchase of Books/Equipment/Instruments/Uniforms, Purchase of computers- essential for completion of the course (maximum 20% of the total tuition fees payable for completion of the course) Caution Deposit/Building Fund/Refundable Deposit (maximum 10% tuition fees for the entire course) Travel Expenses/Passage money for studies abroad Cost of a Two-wheeler upto Rs. 50,000/- Any other expenses required to complete the course like study tours, project work etc. Amount of Loan : For studies in India, maximum Rs. 10 lacs Studies abroad, maximum Rs. 30 lacs Repayment: Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier. Security: Upto Rs. 4 lacs No Security Above Rs. 4 lacs to Rs. 7.50 lacs Collateral security in the form of suitable third party guarantee. The bank may, at its discretion, in exceptional cases, waive third party guarantee if satisfied with the net-worth/means of parent/s who would be executing the documents as "joint borrower". Above Rs. 7.50 lacs. Tangible collateral security of suitable value, along with the assignment of future income of the candidate for payment of installments. Loan Amount & Rate of Interest of SBI Student Loan Scheme: For loans upto Rs.4 lacs 3.50% above Base Rate, currently 13.20% p.a. Above Rs.4 lacs and upto Rs.7.50 lacs 3.75% above Base Rate, currently 13.45% p.a. Above Rs.7.50 lacs 1.75% above Base Rate, currently 11.45% p.a. For your reference here I am attaching Application Form of Education loan of SBI: |
#6
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SBI education loan offers to Indian Nationals for pursue higher education in India or abroad where admission has been secured through entrance test . SBI Education Loans: SBI Student Loan Scheme Courses Covered Studies in India: Graduation, Post-graduation (Regular technical and professional Degree/Diploma courses) Teacher training/ Nursing courses approved by Central government or the State Government Regular Degree/Diploma Courses like: Aeronautical, Pilot training, Shipping etc. Studies abroad: Job oriented professional/ technical Graduation Degree courses/ Post Graduation Degree and Diploma courses . Courses conducted by CIMA - London, CPA in USA etc. Rate of interest: For loans upto Rs.4 lacs 3.90% above Base Rate, currently 13.20% p.a. Above Rs.4 lacs and upto Rs.7.50 lacs 4.15% above Base Rate, currently 13.45% p.a. Above Rs.7.50 lacs 2.15% above Base Rate, currently 11.45% p.a. SBI Scholar Loan Scheme Courses Covered Regular full time : Degree/ Diploma Courses Full time Executive Management Courses: like PGPX No Certificate/ Part time courses
__________________ Answered By StudyChaCha Member |
#8
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Hello sir I hv avail education loan on june 2013 I m having some financial problems in paying the interest from last one yr can u please give me some information about how to apply for interest subsidy and when this scheme will b opened
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