Syndicate Bank student loan

Hello sir, I am Rustam DAruwala. I am from Mumbai. I want you to help me by providing me some information about the Syndicate Bank student loan. Give me various details about it.

[Kiran Chandar]

As you have asked about the Syndicate Bank student loan, I am giving you some information about it, check below for the information
Syndicate Bank as per the Government and RBI regulation, offers educational loans for students who wish to pursue any course in India or abroad at subsidized interest rates. It will take care of every expense related to the course, which need to be paid back only after landing a job upon course completion.

Expenses considered for Syndicate Bank Education Loan:

SB education loans are granted purely on the basis of need, which include:

Course fee
Hostel fee
Exam fee
Cost of books, instruments and travel for educational purposes
Other passage fares for international education

Amount of Education Loan:

The applicant can request for a maximum of INR. 10 lakh for studying in India and no more than INR. 20 lakh for studying overseas.

Processing fee:

No processing charge or service charges are levied for Syndicate Bank Education Loans.

Interest Rates:

Prime Lending Rate is currently 13.25 percent

For Syndicate Bank education loans up to INR. 4 lakhs, the interest rate is Prime Lending Rate (PLR) minus 1.50 percent.

For SB education loans above INR. 4 lakhs, the interest rate is PLR minus one percent.
Girl students and students belonging to SC/ST group are entitled for a deduction of 0.50 percent on the aforementioned rates.
Girl students under SC/ST group are qualified for an additional rebate of .25 percent on the said rates and together they get a concession of .75 percent.

Repayment:

The loan is expected to be repaid in five to seven years after one year of completing the course or six months after getting a job. You get an interest free window period of 6 months till the applicant finds a job.

Security:

For SB Education Loans up to INR. 4 lakhs, there is no requirement for any security by the bank.
For SB Education Loans between INR. 4 lakhs and INR. 7.50 lakhs, a security in the form of an acceptable third party guarantor is required.