Education Loan Scheme Brand New
Education Loan
A phrase loan awarded to Indian Nationals for pursuing advanced schooling in Asia or abroad where admission is 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 collateral security that is tangible
- 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 provided to Indian Nationals for pursuing advanced schooling in Asia or abroad where admission was guaranteed.
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 that is authorized by Central federal 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/ 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/ graduation that is technical courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc provided by reputed universities.
- Courses https://speedyloan.net/installment-loans-va 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, Purchase of computer systems- required for conclusion associated with program (maximum 20% of this tuition that is total payable for conclusion associated with program).
- Care Deposit/Building Fund/Refundable Deposit (maximum 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 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 of papers to be submitted along-with duly filled Loan application
Student-applicant
- Evidence of Note: All papers should always be 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 From
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
A couple of years to not as much as 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 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
- Stipulations
Rates Of Interest
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
A couple of years to not as much as three years
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 might be make an effort to withdraw funds from your 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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