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Old December 13th, 2017, 09:02 AM
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Join Date: May 2011
Default Re: Procedure for Education Loan in State Bank of India

The State Bank of India (SBI) is one of the best training advance suppliers in India. Consistently, the bank gifts credits to understudies who secure affirmations in different perceived colleges in India and abroad with no handling charge. Here are the points of interest of acquiring an understudy advance from SBI.

Qualification to get instruction credit from SBI

The hopeful must be a native of India

The hopeful more likely than not got affirmation in any of the perceived colleges on the planet

The hopeful more likely than not got admission to one of the accompanying courses:

a) Job situated proficient degree courses

b) Job situated proficient confirmation courses

c) Job situated specialized degree courses

d) Courses directed by CPA (Certified Public Accountant) in USA and CIMA (Chartered Institute of Management Accountants) – London

Education Loam Amount given by SBI

SBI gives training credit to upto Rs. 30 lakhs to understudies who wish to travel to another country for higher investigations. The costs canvassed in the understudy credit are:

Educational cost charge payable to the college/school

• Tuition fee payable to the university/ college
• Examination/ library fee
• Caution deposit/ refundable deposit
• Travel expenses

Documents required to take education loan from SBI
• Complete application form
• Two passport size photographs
• Letter of admission from the university
• Documents on the cost of studies
• PAN card of the candidate
• Proof of identity (any one)
a) Passport
b) Driving license
c) Voters ID card
d) Aadhar card
• Proof of residence
a) Passport
b) Driving license
c) Voters ID card
d) Electricity bill
e) Telephone bill
• Student/ co-borrower/ guarantor’s bank account statement for the last six months
• Statement of assets and liabilities of student/ co-borrower/ guarantor
• Student/ co-borrower/ guarantor’s proof of income

The rate of interest of education loan is given below:

Loan amount
Above Base Rate
Current Rate

Upto Rs. 4 lakhs

4-7.5 lakhs

Above 7.5 lakhs

Girls will have 0.50% concession

Application Form –Education Laon State Bank of India

Processing Fees
• No processing fee/ upfront charges
• Deposit of Rs. 5000/- for education loan for studies abroad which will be adjusted in the margin money

Contact Details

Corporate Centre
State Bank of India,
State Bank Bhawan,
8th floor, Madame Cama Road,
Mumbai-400 021
Phone: 022-22029456, 22029451
Fax: 022-22885369
Attached Files Available for Download
File Type: doc Most Important Terms and Conditions SBI-Student Loan Scheme.doc (50.0 KB, 4 views)
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