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  #1  
15th February 2016, 11:56 AM
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Student Loans Living Expenses

I have completed my UG degree and want to pursue higher education from abroad want details related to Student Loans Living Expenses. Will you tell me up to how much amount student loans living expenses provided also provide me lists of some best student loan providers?
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  #2  
15th February 2016, 11:56 AM
Super Moderator
 
Join Date: May 2012
Re: Student Loans Living Expenses

Banks in India, if they approved student loans will draw the dollar draft required for tuition fees in favor of the U.S. university’s name.

Student Loan for Living Expenses

A bank will approve a maximum amount of up to 20 Lakhs Indian Rupees ~ 40,000 USD, which can include funds for tuition fees and living expenses.

In some universities, getting a scholarship will also get you in-State tuition fees so you will have to pay for the rest of the fees.

There are some types of scholarships that pay you $10,000 to $20,000. In which case, you don’t need student loan.

Student loan providers in India:

Andhra Bank

Need based finance subject to repaying capacity of the parents/ students with a maximum of Rs. 10.00 lacs.

Allahabad Bank

Studies in India: Maximum Rs 10.00 lacs
Studies abroad: Maximum Rs. 20.00 lacs.

Bank of Maharashtra

Rate of Interest
Loans up to Rs. 4.00 lac (BPLR – 2.00%)
Loans above Rs. 4.00 lac (BPLR - 1.25%)

City Union Bank
a) Max. upto Rs.10 Lakhs for studies in India.
b) Max. upto Rs.20.00 Lakhs for studies abroad.

State Bank of Bikaner & Jaipur
Studies in India - Maximum Rs.10.00 lacs
Studies abroad - Maximum Rs.20.00 lacs
  #3  
18th February 2016, 04:22 PM
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Student Loans Living Expenses

Is the living expenses included in Student Loans / Education loan offered by State Bank of India (SBI) ?
  #4  
19th February 2016, 05:13 PM
Super Moderator
 
Join Date: Apr 2013
Re: Student Loans Living Expenses

Hey , State Bank of India (SBI) offers Student Loans / Education loan for financial help of students to study in India and in abroad .

In student loan offered by SBI living expenses is included .

SBI Student Loan
Coverage of Expenses:


Fees payable to college/school/hostel

Examination/Library/Laboratory fees

Purchase of Books/Equipment/Instruments/Uniforms

Caution Deposit/Building Fund/Refundable Deposit (maximum 10% tution fees for the entire course)

Travel Expenses/Passage money for studies abroad

Purchase of computers considered necessary for completion of course

Cost of a Two-wheeler upto Rs. 50,000/-

Quantum
For studies in India –
maximum Rs. 10 lacs

For studies Abroad –
maximum Rs. 20 lacs

Margin
For loans up to Rs.4 lacs –
No Margin

For loans above Rs. 4 lacs
- Studies in India - 5%
- Studies abroad - 15%

Rate of Interest
Upto Rs.4 lacs –
11.25 % p.a.

Above Rs. 4 lacs and upto Rs.7.50 lacs –
12.75 %

Above Rs.7.50 lacs –
11.75% p.a.


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