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5th March 2016, 09:02 AM
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Join Date: May 2012
Re: State Bank of India Student Loan

Hello, here I am providing you the details of the education loan provided by the State Bank of India as under:

About the bank:
State Bank of India is an Indian multinational financial services company that was founded in 1921. State Bank of India has an operational presence of over 14,000 branches in India serving millions of happy customers. The bank has a much diversified portfolio that includes services in personal banking, business banking and international banking services.

Purpose:
SBI Student Loan scheme is offered to Indian nations for pursuing higher studies in India or at a foreign institution.

Category of the educational institution Maximum Loan Limit
Without Security With Security
List AA Rs.30 Lakhs
List A Ra.20 lakhs
List B Rs.20 lakhs
List C Rs.7.5 lakhs

Interest rates:
Loan Amount Rate of Interest
Up to Rs.4 lakhs 3.50% above base rate
Above Rs.4 lakhs and up to Rs.7.5 lakhs 3.75% above base rate
Above Rs.7.50 lakhs 1.75% above base rate

Repayment:
Maximum Loan Amount Repayment Period
Up to Rs.4 lakhs Up to 10 years
Above Rs.4 lakhs to up to Rs.7.5 lakhs Up to 10 years
Above Rs.7.5 lakhs Up to 12 years


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