SBI Education Loan Details

Please gather some information about Scholar Loan Scheme offer by State Bank of India, so that I can have idea?

[pawan]

On your concern I will let you know more about State Bank of India, Scholar Loan Scheme so that you can remember details.

Eligibility
Should be an Indian National

Secured admission to Professional/Technical courses in Select Premier Institutions through Entrance Test/Selection process

Courses Covered
Regular full time Degree/ Diploma Courses through entrance test/ selection process.

Full time Executive Management Courses like PGPX

No Certificate/ Part time courses

Expenses Covered
Fees payable to College/School/Hostel
Examination/ Library/ Laboratory fees
Purchase of Books/Equipments/Instruments
Caution deposit / building fund/ refundable deposit supported by Institution bills/ receipts [not to exceed 10% of the tuition fees for the entire course].
Travel expenses/expenses on exchange programme
Purchase of computer/laptop
Any other expenses related to education

Loan Amount & Security
Category Maximum Loan Limit
No Security, only Parent/ Guardian as co-borrower With tangible collateral of full value and Parent/ Guardian as co-borrower
Rs. 30 lacs -
Rs. 20 lacs Rs. 30 lacs
Rs. 20 lacs -
Rs. 7.5 lacs Rs. 30 lacs

Repayment:
Repay in 15 years, after the course completion + 12 months

In case second loan is availed for higher studies later, to repay the combined loan amount in 15 years after completion of second course

Address:-
State Bank of India
18 19, Devdas Kamlleg Block, Synergy Building, Bandra Kurla Complex-Bandra East, Mumbai - 400051, Behind National Stock Exchange

Phone:-
1800-425-3800