#1
12th April 2016, 09:54 AM
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Abroad Education Loan SBI
Will you please give here detail about the Education loan is granted by State Bank of India (SBI) to study in Abroad ?
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#2
12th April 2016, 09:55 AM
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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 |