State Bank Of Patiala Study Loan

Will you please get some information about education loan offer by State Bank Of India?

As per your concern I will let you know about State Bank Of India, education loan so that you can remember.

Loan Amount
Minimum : No Limit

Maximum : Studies In India - Rs. 10.00 lacs

Studies Abroad - Rs. 20.00 lacs

However, higher quantum of loan may be considered on course to course basis.

Rates
a) Interest Chargeable (In case of Floating Rate Loans)

b) Interest Chargeable (In case of Fixed Rate Loans)

a) Loans upto Rs.7.50 Lacs : 12.25% (2.75% above

MCLR i.e. 9.50%)

Loans above Rs.7.50 Lacs : 11.25% (1.75% above

MCLR i.e. 9.50%)

b) N.A

Security
A. For Loan upto Rs.4.00 lacs : NIL

B. For loans above RS 4.00 lacs and upto Rs 7.50 lacs : Suitable Third Party Guarantee

C. For Loans above Rs 7.50 lacs : Tangible Collateral
Security of Suitable Value

Penalty
Penal interest @ 2% is charged for loans above Rs.4 lacs for the overdue amount and overdue period

Address:-
State Bank Of India
The Mall, Patiala, India

Phone:
-+91 1752395629

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Answered By StudyChaCha Member