Apply for Education Loan in SBBJ

Can you tell me what documents do I need to submit to apply for Education Loan in SBBJ or State Bank of Bikaner and Jaipur as I want to do so, please help me with this?

[Kiran Chandar]

The Educational Loan Scheme in SBBJ or State Bank of Bikaner and Jaipur provides financial support from the banking system to meritorious students for pursuing higher education in India and abroad.

Documents need to submit to apply for Education Loan is as follows:

• Mark sheet of last qualifying examination for school and graduate studies in India
• Proof of admission to the course
• Schedule of expenses for the course
• Copies of letter confirming scholarship, etc.
• 2 passport size photographs
• Statement of Bank account for the last six months of borrower (s)
• Income tax assessment order not more than 2 years old
• Brief statement of assets and liabilities of borrower.
• Documents related to property are being offered as security.
• Copies of foreign exchange permit, if applicable

Loan Amount
10.00 lacs for education in India
20.00 lacs for education abroad

Margin
For Loans upto 4 lacs - NIL
For Loans above 4 lacs
For studies in India - 5%
For studies Abroad - 15%

Rate of interest
As applicable from time to time

For girl student –Rate will be 0.50% lower.
Study in prime institutions - Rate will be upto1.00% lower.
1% Interest concession may be provided by the bank, if interest is serviced during the study period.

Education Loan in SBBJ