#1
5th March 2016, 09:01 AM
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State Bank of India Student Loan
Hello, I want to know the details of the education loan provided by the State Bank of India. Please provide me.
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#2
5th March 2016, 09:02 AM
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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 |