Education Loan Scheme Brand Brand New

Education Loan

A phrase loan provided 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: Only Parent/ Guardian as co-borrower. No Collateral Security or party guarantee that is third
  • Above Rs. 7.5 Lacs: Parent/ Guardian as co-borrower and concrete protection safety
• 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 given 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 even the state
  • 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 conducted 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 USA etc.

  Costs Covered

  • Charges payable to college/school/hostel
  • Examination/Library/Laboratory charges
  • Buy of Books/Equipment/Instruments/Uniforms, Buy of computer systems- needed for conclusion for the program (maximum 20% regarding the tuition that is total payable for conclusion for the program).
  • Care Deposit/Building Fund/Refundable Deposit (optimum 10% of tuition costs for the whole program).
  • Travel Expenses/Passage money 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 — installment loans wv 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 documents is self-attested. # Terms and conditions use.

    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

    A couple of years to lower than 36 months

    Fast Hyper Hyper Hyper Links

    Education Loan Home

    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 Scheme that is subsidy for 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 12 months to lower than 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 expose credential or One Time Password through SMS could possibly be make an effort to withdraw funds from your own 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-

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