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Old December 6th, 2017, 12:06 PM
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Join Date: May 2011
Default Re: Education Loan Provided By State Bank Of India

SBI Student Loan scheme is offered to Indian nations for pursuing higher studies in India or at a foreign institution. SBI Scholar Loan scheme is offered to students who have secured admissions in premier Indian institutions. A separate loan scheme is offered for pursuing vocational education and training in India.

Expenses Covered
The following expenses are covered for both the student loan scheme and loan for vocational education.

Tuition and course fee
Examination, library and laboratory fees
Caution deposit
Cost of books, equipment and other instruments.

The following expenses are considered only for the student loan scheme and not for the vocational training loan.

Cost of a two wheeler up to Rs.50,000
Travel expenses and passage money for abroad studies

Amount of Education Loan:
SBI Student Loan Scheme
A maximum of Rs.10 lakhs is offered for studies in India. For studies abroad, a maximum of Rs.30 lakhs is offered as loan.
SBI Scholar Loan Scheme

Interest Rates:

SBI Student Loan Scheme

Loan Amount Rate of Interest
Up to Rs.4 lakhs 3.50% above base rate
Above Rs.4 lakhs and up to Rs.7.5 lakhs 3.75% above base rate
Above Rs.7.50 lakhs 1.75% above base rate

For more information you may get from the Nearest branch of the State Bank of India
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