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10th June 2016, 10:32 AM
Super Moderator
 
Join Date: Aug 2012
Re: State bank of Mysore Education Loan Interest Subsidy

Hey as per your demand here I am providing you details of State bank of Mysore Education Loan Interest Subsidy

Eligibility
Diploma / Graduate / Post-graduate courses in the faculties of Engineering, Technology, Architecture, Medicine, Dental Science, Agricultural Science, Veterinary Science and Computer Certificate courses of reputed institutes accredited to department of electronics or affiliated to university

Limit
Amount of loan MIN(Rs.) MAX(Rs.)
Higher Education- In India 10000 30.00 lacs
Higher Education- Abroad 10000 40.00 lacs

Margin
Upto Rs. 4.00 lacs Nil
Above Rs. 4.00 lacs -
For studies in India 5%
For studies abroad 15%

Interest rate
PERIOD RATE OF INTEREST (%)
7 Days to 45 days 5.75
46 Days to 90 days 6.25
91 days to 179 days 6.5
180 days to less than 1 year 7.25
1 year to less than 2 years 7.6
2 years to less than 3 years 7.5
3 years up to 5 years 7.5
Above 5 years and up to 10 years 7.5

Address
State Bank of Mysore
Personal & Services Banking Department
H .O.: K.G.Road, Bangalore - 560009, INDIA
Phone: 91 80 22353901extn.380
Fax: 91 80 22283684


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