#1
24th February 2016, 12:51 PM
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State Bank Of Hyderabad Education Loan Status
I am customer of State Bank of Hyderabad (SBH) and want to take the education loan from here want to know the status of this bank. Will you please provide me how much loan amount I can take also tell me details of interest rate also provide me list of expenses consider for the loan?
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#2
24th February 2016, 12:52 PM
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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 |