2023 2024 Student Forum > Management Forum > Study Abroad

 
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12th April 2016, 09:55 AM
Super Moderator
 
Join Date: May 2012
Re: Abroad Education Loan SBI

Education loan is granted by State Bank of India (SBI) to Indian Nationals for pursuing higher education in India or abroad .

[B]SBI Education Loan
Eligibility : [/B]
Student
Candidate must secure admission for higher education .
[B]
Courses[/B]
Graduation courses/ Post graduation courses/ Professional courses
Other courses approved by UGC/Government/AICTE etc.

[B]Quantum[/B]
For studies in India –
maximum Rs. 10 lacs

For studies Abroad –
maximum Rs. 20 lacs

Margin
For loans up to Rs.4 lacs - No Margin
For loans above Rs. 4 lacs
- Studies in India - 5%
- Studies abroad - 15%

Rate of Interest
Upto Rs.4 lacs –
11.25 % p.a.

Above Rs. 4 lacs and upto Rs.7.50 lacs –
12.75 %

Above Rs.7.50 lacs –
11.75% p.a.

Processing Fees
No processing fee/ upfront charges

Security
Upto Rs. 4 lacs –
No Security

Above Rs. 4 lacs to Rs. 7.50 lacs –
Collateral security

Above Rs. 7.50 lacs. –
Tangible collateral security of suitable value.

[B]Contact Detail :[/B]
State Bank of India,
State Bank Bhawan, 8th floor, Madame Cama Road, Mumbai-400 021
Phone : 022-22029456, 22029451
Fax : 022-22885369


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