Education Loan Scheme – Personal Banking

Education Loan Scheme – Personal Banking

Education Loan Scheme Brand New

Education Loan

A phrase loan awarded to Indian Nationals for pursuing degree in Asia or abroad where admission was guaranteed.

  • Repayment period of upto 15 years after Course Period + 12 months of payment holiday*
  • Processing Costs
    • 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 alternative party guarantee
    • Above Rs. 7.5 Lacs: Parent/ Guardian as co-borrower and collateral security that is tangible
  • 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 provided to Indian Nationals for pursuing advanced schooling in Asia or abroad where admission happens to be guaranteed.

    Courses Covered

    Studies in Asia
    • Graduation, Post-graduation including regular technical and expert 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 federal federal government or the local government
    • Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping etc. Authorized by Director General of Civil Aviation/Shipping/ concerned regulatory authority b. Studies abroad:
    • Job oriented professional/ technical Graduation Degree courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc provided by respected universities Courses carried out by CIMA http://www.speedyloan.net/installment-loans-wv/ (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

    • Costs payable to college/school/hostel
    • Examination/Library/Laboratory charges
    • Buy of Books/Equipment/Instruments/Uniforms, Purchase of computer systems- necessary for conclusion regarding the program (maximum 20% associated with tuition that is total payable for conclusion associated with the program).
    • Caution Deposit/Building Fund/Refundable Deposit (maximum 10% of tuition costs for the whole program).
    • Travel Expenses/Passage cash for studies abroad.
    • Price of a Two-wheeler upto Rs. 50,000/-
    • Any kind of costs necessary to finish the program like research trips, task work etc.

    Loan Amount

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

      Checklist of documents to duly be submitted along-with filled Loan application

      Student-applicant
      • Evidence of Note: All papers should really be self-attested. # Terms and conditions use.
      Interest Levels

      Loan quantity as much as Rs. 3 lakhs

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

      Begin With

      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

      24 months to significantly less than three years

      Fast Hyper Hyper Hyper Links

      Education Loan Residence

      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 Subsidy Scheme for Overseas Studies.

      Padho Pardesh Interest Subsidy Scheme for Overseas Studies for the.

      INTEREST SUBSIDY SCHEME

      Education Loan MITC

      • Features
      • Eligibility
      • Conditions and terms
      Interest Levels

      Loan quantity as much as Rs. 3 lakhs

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

      Begin With

      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 significantly less than 36 months

      ESSENTIAL: State Bank of Asia never ask for the user id / password / pin no. Through phone call / SMSes / e-mails. Any phone that is such / 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 this info to anybody. State Bank of Asia wishes one to be protected. Through e-mail to the following address if you come across any such instances please inform us-

      © Copyright State Bank of Asia (APM Id: Webs_Info_875)

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