SBI Student Loan

Hello sir I am Anshuman and I am here as I want to get details of the State Bank of India Education Loan Scheme so will you please provide me the details??

[Shaleen]

As per your demand, below I am providing you details of the State Bank of India Education Loan Scheme

Eligibility:
A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.

Courses
-Graduation courses/ Post graduation courses/ Professional courses
-Other courses approved by UGC/Government/AICTE etc
.
Coverage of Expenses
-Fees payable to college/school/hostel
-Examination/Library/Laboratory fees
-Purchase of Books/Equipment/Instruments/Uniforms
-Caution Deposit/Building Fund/Refundable Deposit (maximum 10% tution fees for the entire course)
-Travel Expenses/Passage money for studies abroad
-Purchase of computers considered necessary for completion of course
-Cost of a Two-wheeler upto Rs. 50,000/-

Quantum
-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
-Deposit of Rs. 5000/- for education loan for studies abroad which will be adjusted in the margin money