SBI Education Loan
If you are looking for SBI Education Loan then you are on the right page. Candidates who want to take State Bank of India loan but don’t know about the loan processor can check complete details through this article. Applicants who want to study in higher professional courses and not take admission due to the financial problem then don’t worry about that because State Bank of India is one of the reputed Banks which provides an educational load at the lowest price.
This Bank provides the best opportunity to all candidates who want to make a bright career in India or Abroad. Studies in India: Maximum. Rs. 10 Lack Abroad: Maximum. Rs. 30 Lach with conditions and terms.
State Bank of India Education Conditions and Loan-
|Predetermined Cost Considered For Loan||Repayment Process|
|Fee payable to college/school/hostel with included Books, Uniforms Equipment/Instruments, (max.30% of the total tuition fees payable for the achievement of the course)
Building Fund/Refundable Deposit (maximum 15% tuition fees for the entire course)
Payment of a Two-wheeler upto Rs. 50,000/-
| Repayment Process will start 1 year after completion of education or 6 months after securing a job,
Up to Rs. 4 lacs: No safekeeping
Above Rs. 4 lacs to Rs. 7.50 lacs: Agreement security in the form of third party guarantee.
Above Rs. 7.50 lacs. substantial Guarantee security of suitable value, along with the assignment of future income of the Applicant for repayment
State Bank of India Education Loan Document required-
- Load application form
- Proof Income
- Student PAN card
- Passport size photograph
- Income tax information for 2 years
- Application fee structure
- Entrance Letter
- SBI credit interest date
|more than Rs.4 lacs and upto Rs.7.50 lacs||3.75% above Base Rate, currently 13.45% p.a.|
|Above Rs.7.50 lacs||1.75% above Base Rate, currently 11.45% p.a.|
Applying Procedure for SBI Education Loan-
Important notes: – Courses which are not covered under regular education loan
In India: All applied applicants must have Graduation / Post Graduate level by universities / colleges form any recognized university In Abroad: Courses offered for under graduate or post graduate to the students applying for technical / professional education in alleged universities.