Home > Bank And Finance > State Bank Of India Education Loan

State Bank Of India Education Loan

SBI is highly rated among Consumers seeking Educational Loan. The Bank offers Educational Loan for higher studies in India and abroad. Apart from that, the Bank also offers SBI Scholar Loan for Students seeking admission in premier Institutions as IIT, IIM etc. The recently introduced Skill Loans encourages to develop Skill Sets with the help of professional courses. The salient features of the Loans are-

  • Easy Application process & quick sanction

  • No Processing Fee

  • 100% Finance assured

  • Repayment period is up to 15 years after completion of course n a repayment holiday of 12 Months

Bank Link

http://https://www.sbi.co.in/user.htm
Loan Amount

For studies in India, maximum Rs. 10 lacs; Studies abroad, maximum Rs. 30 lacs
Interest Rate

11.75% to 13.50% p.a; 0.5% concession for girls
Tenure

Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier; Repayment period: 10-12 years
Pre Payment Charges

No prepayment penalties
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Service Charges

Processing Fee:No processing fee/ upfront charges for Studies in India

Deposit of Rs. 5000/- for education loan for studies abroad which will be adjusted in the margin money

Self
Minimum Age (in yrs.)

Co-Aaplicants should meet the age criteria
Minimum Income (in Rs.)

Co-Applicants Minimum Net Monthly Income will be considered
Minimum Work Experience (yrs.)

Co-Applicants Experience will be considered
Residence Status (yrs.)

Information Not Available
Id Proof

A copy of passport /voters ID card/PAN Card of both the Student and Co-Borrower
Address Proof

Copy of any one of the following (Self Attested),Passport/Ration card/Voter’s ID/Driving license/Electricity bill (not more than 2 months old)/Landline Telephone Bill (not more than 2 months old)/Ba
DOB Proof

Birth Certificate or 10th Class Passing Certificate
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Salaried
Minimum Age (in yrs.)

Co-Aaplicants should meet the age criteria
Minimum Income (in Rs.)

Co-Applicants Minimum Net Monthly Income will be considered
Minimum Work Experience (yrs.)

Co-Applicants Minimum 2 years in employment and minimum 1 year in the current organization
Residence Status (yrs.)

Information Not Available
Id Proof

Copy of passport /voters ID card/PAN card of both the Student and Co-Borrower
Address Proof

Copy of any one of the following (Self Attested),Passport/Ration card/Voter ID/Driving license/Electricity bill (not more than 2 months old)/Landline Telephone Bill (not more than 2 months old)/Ba
DOB Proof

Birth Certificate or 10th Class Passing Certificate
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.
Comments
Loan Calculator
Popular Loan Type
Recent Posts