Education Loan Scheme Brand Brand New

Education Loan

A phrase loan awarded to Indian Nationals for pursuing degree 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 Costs
    • Loans upto Rs. 20 lacs: NIL
    • Loans above Rs. 20 lacs: Rs. 10,000 (plus taxes)
  • Safety
    • Upto Rs. 7.5 Lacs Parent/ that is: Only Guardian co-borrower. No Collateral Security or party guarantee that is third
    • Above Rs. 7.5 Lacs: Parent/ Guardian as co-borrower and concrete security security
  • 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 12 months after conclusion needless to say.
  • 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 government or perhaps 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.

    Expenses Covered

    • Costs payable to college/school/hostel
    • Examination/Library/Laboratory charges
    • Buy of Books/Equipment/Instruments/Uniforms, Purchase of computers- required for conclusion of this program (maximum 20% of this total tuition costs payable for conclusion regarding the program).
    • Care Deposit/Building Fund/Refundable Deposit (optimum 10% of tuition costs for the whole course).
    • Travel Expenses/Passage cash for studies abroad.
    • Price of a Two-wheeler upto Rs. 50,000/-
    • Every other costs expected 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 online installment wv of documents to duly be submitted along-with filled Loan application

      Student-applicant
      • Evidence of Note: All papers should always 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 From

      Above Rs. 1 lakh

      Upto Rs.7.50 lakh

      Above Rs.7.50 lakh

      (On Applying through YONO)

      1 to less than 2 12 months year

      A couple of years to lower than 36 months

      Fast 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 Scheme that is subsidy for Studies.

      Padho Pardesh Interest Scheme that is subsidy for 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 12 months to not as much as 2 year

      Two years to lower 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 reveal credential or One Time Password through SMS could possibly be try to withdraw cash from your own account. NEVER share these records to anybody. State Bank of Asia wishes one to be safe. Through e-mail to the following address if you come across any such instances please inform us-

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