SBI education loan status

I have need of education loan. Can you provide me information about SBI education loan status?

SBI provide Education loan:
Graduation, Post-graduation including regular technical and professional Degree/Diploma courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt and Studies in Abroad

Amount of Loan
For studies in India, maximum Rs. 10 lacs
For studies abroad, maximum Rs. 30 lacs

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 up to Rs. 50,000/-

Repayment term
Repayment will commence one year after completion of course or 6 months after securing a job.
Maximum Loan Limit Repayment Period
Upto Rs. 4 Lacs 5-7 years

Above Rs. 4 Lacs 5-7 years
and upto Rs. 7.5 Lacs

Above Rs. 7.5 Lacs Upto 12 years

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Answered By StudyChaCha Member

We already applied for SBI EDUCATION LOAN its in process how they will give us loan money i mean they will transfer the whole loan amount to our saving bank account or give direct to Institute in their name?