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24th February 2016, 12:52 PM
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Join Date: May 2012
Re: State Bank Of Hyderabad Education Loan Status

State Bank of Hyderabad (SBH) provides education loans to deserving students, who aspire to pursue their higher education in India or abroad.

Amount of Loan
For studies in India, maximum `10 lacs
Studies abroad, maximum `20 lacs

Margin
For loans up to `4 lacs: No Margin
For loans above `4 lacs:

Studies in India: 5%
Studies Abroad: 15%

Security

Amount: For loans upto `10 lacs for Studies in India and upto 20 lacs for studies abroad
Upto `4 lacs: No Security
Above `4 lacs to `7.50 lacs: Collateral security in the form of suitable third party guarantee.
Above `7.50 lacs.: Tangible collateral security of suitable value, along with the assignment of future income of the student for payment of installments.

The current interest rates that are applicable are:

For loans up to Rs. 4.00 Lacs - 11.50%
Loans ranging from Rs. 4.00 Lacs up to Rs.10.00 Lacs – 12.50%
Loans above Rs.10.00 Lacs - 13.00%

Expenses considered for SBH education loan:

College, school or hostel fees.
Fees payable for Examination, Library and Laboratory.
Amount required for purchase of books, equipment, instruments as well as uniforms.
Deposits such as Caution Deposit, Building Fund or Refundable Deposit.
Travel expenses for studies abroad.
Purchase of computers if needed for completion of the course.
Miscellaneous expenses required to complete the course like study tours, project work, etc.

Address:

State Bank of Hyderabad
Head Office
Abids Road, Abids, Hyderabad, Telangana 500001
Phone:1800 425 4055


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