#1
12th May 2016, 11:18 AM
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SBI Commercial And International Bank Ltd Recruitment
Hello sir I want to know the SBI Commercial And International Bank Education Loan Scheme so can you please provide me the details regarding the same ??
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#2
12th May 2016, 11:36 AM
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Re: SBI Commercial And International Bank Ltd Recruitment
As per your demand here are details regarding SBI Commercial And International Bank Education Loan Scheme SBI Commercial & International Bank Ltd. (SBICI) is a completely owned subsidiary of State Bank of India, India's premier banking group . Eligibility: First class in last qualifying exam Self / Parent having independent source of income owning inhabited premises in Mumbai Loan Details Coverage of expenses Fee payable to College/School/hostel. Examination/library/laboratory fee. Purchase of books/equipments/instruments/uniforms. Caution deposit/building fund/refundable deposit supported by institution bills/receipts. Travel expenses/passage money for studies abroad. Purchase of computers-necessary for the completion of the course. Any other expense required to complete the course- like study tours, project work, Thesis etc. Quantum For studies in India - Maximum Rs.7.50 lacs. For studies Abroad - Maximum Rs.15.00 lacs. Margin 20% of total cost Security Collateral safety by way of mortgage of immovable property / any other specified securities to cover 100% of loan amount Processing Charges 1% of loan amount Rate of Interest As per bank rule. Repayment Interest to be serviced regularly during moratorium period (MP). After MP entire outstanding in loan account will be treated as Principal for calculating future EMI's repayable in 10 years after date of first disbursement. Tenure Maximum period 10 years including duration of course Moratorium epoch not exceeding six months after completing the course or securing a job, whichever is earlier Prepayment : No pre-payment penalty Disbursement : In stages - as per requirement, directly to institution /university etc Contact Details Corporate Office & Nariman Point Branch: SBI Commercial and International Bank Ltd Maker Chambers III, Nariman Point, Mumbai - 400 021 Phone : 022-40043210, 40043155 Fax : 022-22042280 Lokhandwala Complex Branch : SBI Commercial and International Bank Ltd Nebula Apartments, 4 th Cross Lane, Lokhandwala Complex, Andheri (W), Mumbai - 400 053 Phone : 022-2631 5574 Fax : 022-2631 5539 |