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Can you provide me the details of the Education Loan in State Bank of Hyderabad? Also tell me about the Documents required for Education Loan in State Bank of Hyderabad?
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The purpose of Education Loan in State Bank of Hyderabad is to extend financial assistance to all eligible/ deserving/ meritorious students for pursuing higher education in India & Abroad. Eligibility for SBH Education Loan • Applicant must be an Indian by nationality • Prior to apply for this bank loan, candidate must have ensured admission to the university/ college/institution, for the study programs in India or abroad. Loan Schemes Period Slab Interest Rate Remarks Upto 4 Lacs 12.00 PA Above 4 Lacs & up to 7.5 Lacs 12.25 PA Above 7.5 Lacs 12.75 PA Gyan Shakti 10.75 PA Documents Required Completed Education Loan Application Form. Mark sheets of last qualifying examination Proof of admission scholarship, studentship etc Schedule of expenses for the specified course 2 passport size photographs Borrower’s Bank account statement for the last six months Income tax assessment order, of last 2 years Brief statement of assets and liabilities, of the Co-borrower Proof of Income (i.e. Salary slips/ Form 16 etc) Eligible Courses Studies in India: I. Graduation, Post-graduation including regular technical and professional Degree/Diploma courses conducted by colleges/ universities approved by UGC/ AICTE/ IMC/Govt. etc II. Regular Degree/ Diploma Courses conducted by autonomous institutions like IIT, IIM etc III. Teacher training/ Nursing courses approved by Central government or the State Government IV. Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping etc. approved by Director General of Civil Aviation/Shipping V. Vocational Training and skill development study courses will not be covered under the Education Loan Scheme, as the scheme is framed to provide bank loans for higher studies Studies abroad: I. Graduation/ Post-graduation for job oriented professional/ technical courses offered by reputed universities
__________________ Answered By StudyChaCha Member |