State Bank Of India Education Loan Application Form

Hii sir, I wants to Apply for the Education Loan of the State bank of India Will you Please provide me the Application form for the Education Loan of the State bank of

[Rajkumar Agarwal]

Education Loan
A comprehensive education loan frees you from the task of accumulating sufficient money to fund your son/daughter’s higher education

Features
Universally available. Anyone with a will to study can apply.


Education loans are provided to pursue all types of academic courses, in India and abroad. The courses include graduation, post-graduation, vocational courses and other certificate courses.

Loan amounts can vary from a minimum of Rs.10 lakhs to a maximum of Rs.15 lakhs. For education abroad, banks will provide loans to the quantum of Rs.20 lakhs.

The applicant’s annual family income and the course pursued are primary determinants for the applicable loan amount.

Usually, female students are offered discounts and/or lower interest rates when it comes to education loans.

Government sponsored subsidy schemes, such as ‘Central Scheme to provide Interest subsidy (CSIS)’ help students from the economically backward sections of society avail the benefits of a robust loan for education.

The applicant need not repay the borrowed amount immediately. Post the completion of the course, the repayment tenure can stretch upto 5-7 years.

Generally, loans below Rs.4 lakhs do not require a security or guarantor.


State bank of India Education Loan