Education Loan Scheme – Personal Banking

Education Loan Scheme Brand Brand New

Education Loan

A term loan given 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 protection
  • Margin
    • Up to Rs 4 Lacs – Nil
    • Above Rs 4 Lacs – 5% for studies in India, 15% for studies in abroad
  • Repayment will commence one after completion of course year.
  • Loan to be repa

    Eligibility

    • A term loan provided to Indian Nationals for pursuing advanced schooling in India 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 institutions like IIT, IIM etc
    • Instructor training/ Nursing courses authorized by Central federal federal government or even the state
    • 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/ 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.

    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- needed for conclusion regarding the program (maximum 20% for the tuition that is total payable for conclusion of this program).
    • Care Deposit/Building Fund/Refundable Deposit (optimum 10% of tuition costs for your program).
    • Travel Expenses/Passage cash for studies abroad.
    • Price of a Two-wheeler upto Rs. 50,000/-
    • Just about any costs necessary to finish the program like research trips, task work etc.

    Loan Amount

    • For studies in India – Maximum Rs 10 lacs
    • Studies abroad – Maximum Rs 20 lacs
    • Greater loan restriction for studies in Asia are cons Greater loan restriction 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 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 Applying through YONO)

      1 12 months to significantly less than 2 year

      24 months to significantly less than three years

      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 Subsidy Scheme for Overseas 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

      https://speedyloan.net/installment-loans-wi

      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

      Two years to lower than 36 months

      SIGNIFICANT: 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 could possibly be try to withdraw cash from your account. NEVER share this info to anybody. State Bank of Asia desires one to be safe. 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)

      Web Site best seen at 1420 x 768 quality in Edge, Mozilla 40 +, Google Chrome 45 +

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