#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
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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 |