Study Loan for Abroad SBI

Hello sir I want to do my post graduation in Abroad and for that I am thinking of applying for Study Loan so will you please provide me details of SBI Education Loans??

State Bank of India offers education loan for all eligible courses graduation courses, PG courses, Professional courses below I am providing you details of this Loan Scheme:

Documents Required
-Admission letter | Application form | 2 passport size photographs
-Cost of study with full statement
-Parents and student Pan card / Aadhar card
-Proof of identity | Proof of residence (Driving Licence/Passport/Electricity bill/Telephone bill)
-Last 6 months bank statement of Student/Co-borrower/ guarantor’s
-Last 2 years IT return/ IT assessment order 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

Interest Rates
Loan Amount Rate of Interest
For loans upto Rs.4 lacs 11.30% p.a.
Above Rs.4 lacs and upto Rs.7.50 lacs 11.30% p.a.
Above Rs.7.50 lacs 11.00% p.a.

Expenses considered for loan
-Fees payable to college/school/hostel
-Examination/ Library/ Laboratory fees
-Purchase of books/equipments/instruments (maximum 20% of the total tuition fees payable for completion of the course)
-Travel Expenses/Passage money for studies abroad
-Caution Deposit/Building Fund/Refundable Deposit (maximum 10% of tuition fees for the entire course)
-Any other expenses required to complete the course like study tours, project work etc
-Cost of a Two-wheeler upto Rs. 50,000/-

Repayment Tenure
Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier.
Place of Study Loan Amount Repayment Period in Years
Studies in India Rs. 10.0 lacs 1-15 Years
Studies Abroad Rs. 30.0 lacs 1-15 Years

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Answered By StudyChaCha Member