Student Loan In State Bank Of India

Hii sir, I Wants to get the Information About the Education Loan of the State bank of India will you Please Provide It ?

[pawan]

SBI Education Loan is of three categories for studies in India and abroad, for studies in premier Indian institutions and loan for pursuing vocational education and training.

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

SBI Scholar Loan scheme is offered to students who have secured admissions in premier Indian institutions. A separate loan scheme is offered for pursuing vocational education and training in India.

Expenses Considered for SBI Education Loan:

The following expenses are covered for both the student loan scheme and loan for vocational education.

Tuition and course fee
Examination, library and laboratory fees
Caution deposit
Cost of books, equipment and other instruments.

Amount of Education Loan:

SBI Student Loan Scheme
A maximum of Rs.10 lakhs is offered for studies in India. For studies abroad, a maximum of Rs.30 lakhs is offered as loan.


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

For more details you may Contact to the Nearest branch of the State bank of India