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  #1  
7th January 2016, 03:54 PM
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Loans for MBA Program

Would you please give here detail about the State bank of India Education loan for study of MBA program ?
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  #2  
7th January 2016, 03:55 PM
Super Moderator
 
Join Date: May 2012
Re: Loans for MBA Program

State bank of India offer education loans for Indian students for study MBA program in a good b -school in India and in Abroad..

Expenses considered for loan


Fees payable to college/school/hostel

Examination/Library/Laboratory fees

Purchase of Books/Equipment/Instruments/Uniforms, Purchase of computers- essential for completion of the course.
(maximum 20% of the total tuition fees payable for completion of the course)

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

Travel Expenses/Passage money for studies abroad

Amount of Loan

For studies in India:
maximum Rs. 10 lacs

Studies abroad:
maximum Rs. 30 lacs

Interest Rates

Loan Amount :
Rate of Interest:

For loans upto Rs.4 lacs
3.50% above Base Rate, currently 13.20% p.a.

Above Rs.4 lacs and upto Rs.7.50 lacs
3.75% above Base Rate, currently 13.45% p.a.

Above Rs.7.50 lacs
1.75% above Base Rate, currently 11.45% p.a.

Repayment Tenure
Studies in India
5-7 year

Studies Abroad

5-7 year


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