Education Loan Scheme Brand Brand Brand New
Education Loan
A term loan awarded 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 Costs
- Loans upto Rs. 20 lacs: NIL
- Loans above Rs. 20 lacs: Rs. 10,000 (plus taxes)
- Protection
- 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 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 degree in Asia or abroad where admission happens to be secured.
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 courses authorized by Central federal federal federal government or even 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.
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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 (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, Buy of computer systems- necessary for conclusion associated with the program (maximum 20% regarding the total tuition charges payable for conclusion regarding the program).
- 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/-
- Just about any costs necessary 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 restriction for studies in abroad are cons
Checklist of papers become submitted along-with duly filled Loan application
Student-applicant
- Evidence of Note: All documents must 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 Using through YONO)
1 12 months to significantly less than 2 year
24 months to not as much as 36 months
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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
Rates Of Interest
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 lower than three years
SIGNIFICANT: 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 you to expose credential or One Time Password through SMS might be make an effort to withdraw funds from your account. NEVER share this info to anybody. State Bank of Asia desires one to be safe. In the event that you run into such instances be sure to notify us through email into the after target-
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