SBI Education Loans- Providing support for higher education
SBI Student Loan scheme is based on IBA Model Education loan scheme. Under this scheme, Education Loans are granted to Indian Nationals for pursuing higher education in India and abroad where admission has been secured. All regular Degree/ Diploma courses in India which are recognized by AICTE/UGC / Other Governing Councils like IMC, INC, DGCA etc. are considered for finance under the scheme. For studies abroad, loans are extended for job oriented Professional/Technical Degree and PG Diploma courses offered by reputed Universities for Undergraduate & Post-Graduate studies like MCA, MBA, MS etc.The maximum loan amount which can be availed under the scheme is Rs. 10 lacs for studies in India and Rs. 20 lacs for studies abroad. Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier and the loan can be repaid in 5-7 years. No processing fee/ upfront charges are taken.
SBI Student Loan scheme is based on IBA Model Education loan scheme. Under this scheme, Education Loans are granted to Indian Nationals for pursuing higher education in India and abroad where admission has been secured. All regular Degree/ Diploma courses in India which are recognized by AICTE/UGC / Other Governing Councils like IMC, INC, DGCA etc. are considered for finance under the scheme. For studies abroad, loans are extended for job oriented Professional/Technical Degree and PG Diploma courses offered by reputed Universities for Undergraduate & Post-Graduate studies like MCA, MBA, MS etc.The maximum loan amount which can be availed under the scheme is Rs. 10 lacs for studies in India and Rs. 20 lacs for studies abroad. Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier and the loan can be repaid in 5-7 years. No processing fee/ upfront charges are taken.
- 0.50% concession for girl students
- 1% concession if the interest is serviced promptly during moratorium period
Any student who is an Indian National and has secured admission to a recognized College/ University can avail of an education loan from our Bank. The student has to approach the nearest Branch with the required documents.
1 comment:
Hi there, can someone tell me what happens if you don’t pay your education loan? I have read somewhere that the serious actions will be taken on the student? Is it true………..
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