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26th July 2016, 05:02 PM
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Join Date: Aug 2012
Re: Current BPLR Of State Bank Of Patiala

Bank Prime Lending Rate is the Minimum Rate of Interest that a bank is allowed to charge from its customers.


Eligibility Criteria

Should be an Indian National

Secured admission to professional/ technical courses through Entrance Test/ Selection process

Secured admission to foreign university/Institution

Courses Eligible Studies in India (Indicative list)

Graduation courses: B.A., B.Com. B.Sc., etc.

Post Graduation courses: Masters & Phd.

Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, and Computer etc.

Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to a university.

Courses like ICWA, CA, CFA etc.

Courses conducted by IIM, IIT, IISc , XLRI, NIFT

Rate of Interest:

Up to Rs 4 Lacs:0.75 % below BPLR
Above Rs 4 lacs: -1% above BPLR

Margin:

Up to Rs 4 lacs: Nil
Above Rs 4 Lacs: Studies in India

Quantum of Finance:

Studies in India-Max Rs 10 lacs
Studies in abroad-Max Rs 20 lacs

Repayment:

Repayment to be made after completion of moratorium pr\period i.e. course period+1 year or 6 month after getting job, whichever is earlier?

The loan to be repaid in a maximum of 5-10 years after commencement of Repayment

Documents Required:

Completed application form
Mark sheet of last qualifying examination, proof of admission schedule of expenses and duration of courses.
Passport size photographs, passport/ID card/Voter card/PAN card etc of student /parent/guardian and guarantor
Details regarding the guarantor
Proof of income of the borrower/guarantor
Title deed of the property or other securities and other related papers


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