SBI MBA loan

I have completed graduation degree and now want to do MBA course for that want to take education loan from SBI so please give me details about it?

[Kiran Chandar]

State Bank of India (SBI) provides the facility of Education Loan to the students for higher studies

Eligibility for Student Loan
Loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured

Loan Amount
for studies in India - maximum Rs. 10 lacs
Studies abroad - maximum Rs. 30 lacs

Expenses Covered
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
Caution Deposit/Building Fund/Refundable Deposit
Travel Expenses/Passage money for studies abroad
Cost of a Two-wheeler upto Rs. 50,000/-

Loan Amount Rate of Interest
For loans upto Rs.4 lacs 3.90% above Base Rate, currently 13.20% p.a
Above Rs.4 lacs and upto Rs.7.50 lacs 4.15% above Base Rate, currently 13.45% p.a
Above Rs.7.50 lacs 2.15% above Base Rate, currently 11.45% p.a
(0.50% concession in interest for girl students)

Margin
for loans up to Rs.4.0 lacs : No Margin
for loans above Rs.4.0 lacs:
Studies in India: 5%
Studies Abroad: 15%

Documents Required
Letter of admission
Completely filled in Loan Application Form
2 passport size photographs
Statement of cost of study
PAN Card of the student and Parent
AADHAR Card of the student and Parent/ Guardian
Proof of identity (Driving Licence/Passport/Aadhar/ any photo identity)
Proof of residence (Driving Licence/Passport/Electricity bill/Telephone bill)
Student/Co-borrower/ guarantor's bank account statement for last 6 months
IT return/ IT assessment order, of previous 2 years of Parent
Brief statement of assets & liabilities of Parent
Proof of income Parent/ Guardian/ other co-borrower