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Old October 5th, 2017, 11:25 AM
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Default BITS Pilani+Education Loan

Hi I would like to have the information about the SBI Scholar Loan Scheme which is offered for students pursuing higher studies at premier Institutes in India?
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Old October 5th, 2017, 12:22 PM
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Default Re: BITS Pilani+Education Loan

Advance for seeking after advanced education in Select Premier Institutions of the nation

100% Financing

NO Processing Fee

Fast authorize at Designated Campus Branch or more than 5000 Selected Branches everywhere throughout the nation

Reimbursement time of upto 15 years after Course Period + a year of reimbursement occasion


Ought to be an Indian National

Secured admission to Professional/Technical courses in Select Premier Institutions through Entrance Test/Selection process

Courses Covered

General full time Degree/Diploma Courses through passageway test/choice process.

Full time Executive Management Courses like PGPX

No Certificate/Part time courses

Costs Covered

Expenses payable to College/School/Hostel

Examination/Library/Laboratory expenses

Buy of Books/Equipments/Instruments

Alert store/building reserve/refundable store upheld by Institution charges/receipts [not to surpass 10% of the educational cost expenses for the whole course].

Travel costs/costs on trade program

Buy of PC/portable workstation

Some other costs identified with instruction

1. No voucher/receipt required, reason (end utilize) should act naturally guaranteed.

2. Use not to surpass 25% of the advance sum (upto a lumpsum measure of max Rs. 1 Lac).

3. Use past 25% top allowed subject to generation of voucher/receipt.

Loan Amount & Security


Maximum Loan Limit
No Security, only Parent/ Guardian as co-borrower With tangible collateral of full value and Parent/ Guardian as co-borrower

List AA 
Rs. 30 lacs

List A 
Rs. 20 lacs
Rs. 30 lacs

List B
Rs. 20 lacs

List C
Rs. 7.5 lacs
Rs. 30 lacs

Rate of Interest:

SBI Scholar Loan Scheme

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 BITS Pilani Goa Campus Branch
Branch Code: 10720, IFSC: SBIN0010720
TEL: 0832-6482928 or Mobile : 8806660061/8806663351
Email Id: sbi.10720@sbi.co.in
Answered By StudyChaCha Member
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