Education Loan Scheme – Personal Banking

Education Loan Scheme – Personal Banking

Education Loan Scheme Brand New

Education Loan

A phrase loan provided to Indian Nationals for pursuing advanced schooling in Asia or abroad where admission happens to be guaranteed.

  • Repayment period of upto 15 years after Course Period + 12 months of payment holiday*
  • Processing Fees
    • Loans upto Rs. 20 lacs: NIL
    • Loans above Rs. 20 lacs: Rs. 10,000 (plus taxes)
  • Safety
    • Upto Rs. 7.5 Lacs: Only Parent/ Guardian as co-borrower. No Collateral Security or 3rd party guarantee
    • Above Rs. 7.5 Lacs: Parent/ Guardian as co-borrower and concrete safety safety
  • Margin
    • Up to Rs 4 Lacs – Nil
    • Above Rs 4 Lacs – 5% for studies in Asia, 15% for studies in abroad
  • Repayment will commence one after completion of course year.
  • Loan to be repa

    Eligibility

    • A phrase loan given to Indian Nationals for pursuing advanced schooling in Asia online installment wv or abroad where admission happens to be guaranteed.

    Courses Covered

    Studies in Asia
    • Graduation, Post-graduation including regular professional and technical Degree/Diploma courses carried out by colleges/universities authorized by UGC/ AICTE/IMC/Govt. Etc Regular Degree/ Diploma Courses carried out by autonomous organizations like IIT, IIM etc
    • Instructor training nursing that is authorized by Central government or the local government
    • Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping etc. Authorized by Director General of Civil Aviation/Shipping/ concerned authority b that is regulatory. Studies abroad:
    • Job oriented professional/ graduation that is technical courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc provided by respected universities Courses carried out by CIMA (Chartered Institute of Management Accountants) – London, CPA (Certified Public Accountant) in United States Of America etc.

    Studies abroad

    • Job oriented professional/ graduation that is technical courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc provided by respected universities.
    • Courses carried out by CIMA (Chartered Institute of Management Accountants) – London, CPA (Certified Public Accountant) in United States Of America etc.

    Costs Covered

    • Fees payable to college/school/hostel
    • Examination/Library/Laboratory charges
    • Buy of Books/Equipment/Instruments/Uniforms, Buy of computer systems- required for conclusion associated with program (maximum 20% of this total tuition costs payable for conclusion regarding the course).
    • Care Deposit/Building Fund/Refundable Deposit (optimum 10% of tuition charges for the whole program).
    • Travel Expenses/Passage cash for studies abroad.
    • Price of a Two-wheeler upto Rs. 50,000/-
    • Some other costs needed to finish this course like research trips, task work etc.

    Loan Amount

    • For studies in Asia – Maximum Rs 10 lacs
    • Studies abroad – Maximum Rs 20 lacs
    • Greater loan limitation for studies in Asia are cons Greater loan limitation for studies in abroad are cons

      Checklist of papers become submitted along-with duly filled Loan application

      Student-applicant
      • Evidence of Note: All papers ought to be self-attested. # Terms and conditions use.
      Rates Of Interest

      Loan quantity as much as Rs. 3 lakhs

      Rs. 3 lakhs & as much as Rs. 5 lakhs

      Begin From

      Above Rs. 1 lakh

      Upto Rs.7.50 lakh

      Above Rs.7.50 lakh

      (On Using through YONO)

      1 to less than 2 12 months year

      24 months to not as much as 36 months

      Fast Hyper Hyper Hyper Links

      Education Loan Home

      SBI Education Loan Scheme

      Loan for Premier Institutes (IITs, IIMs, NITs etc. )

      Studies abroad (above Rs. 20 lakhs)

      Ability Loan (Max. Rs. 1.5 lakhs)

      Takeover Of Education Loans

      Dr. Ambedkar Interest Scheme that is subsidy for Studies.

      Padho Pardesh Interest Subsidy Scheme for Overseas Studies for the.

      INTEREST SUBSIDY SCHEME

      Education Loan MITC

      • Features
      • Eligibility
      • Stipulations
      Interest Levels

      Loan quantity as much as Rs. 3 lakhs

      Rs. 3 lakhs & as much as Rs. 5 lakhs

      Begin From

      Above Rs. 1 lakh

      Upto Rs.7.50 lakh

      Above Rs.7.50 lakh

      (On Using through YONO)

      1 12 months to significantly less than 2 year

      A couple of years to not as much as three years

      ESSENTIAL: State Bank of Asia never ask for the user id / password / pin no. Through phone call / SMSes / e-mails. Any such phone call / SMSes / e-mails asking one to expose credential or One Time Password through SMS might be try to withdraw funds from your account. NEVER share these records to anybody. State Bank of Asia desires one to be protected. In the event that you run into such instances be sure to notify us through email towards the after target-

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