Education Loan Scheme – Personal Banking
Education Loan Scheme – Personal Banking Education Loan Scheme Brand 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 […]
Education Loan Scheme Brand 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)
- 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 12 months after conclusion needless to say.
- Loan to be repa
Eligibility
- A phrase loan given to Indian Nationals for pursuing advanced schooling in Asia or abroad where admission is guaranteed.
Courses Covered
Studies in Asia
- Graduation, Post-graduation including regular professional and technical Degree/Diploma courses carried out by colleges/universities approved 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 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 regulatory authority b. 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.
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% regarding the total tuition costs payable for conclusion associated with program).
- Care Deposit/Building Fund/Refundable Deposit (optimum 10% of tuition costs for the whole program).
- Travel Expenses/Passage cash for studies abroad.
- Price of a Two-wheeler upto Rs. 50,000/-
- Virtually any costs necessary to finish the program like research trips, task work etc.
Loan Amount
- For studies in Asia – 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 form
Student-applicant
- Evidence of Note: All papers should really be self-attested. # Terms www.speedyloan.net/installment-loans-wv/ and conditions use.
Interest Levels
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 not as much as three years
Fast Hyper 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
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
24 months 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 such phone call / SMSes / e-mails asking one to expose credential or One Time Password through SMS could possibly be try to withdraw funds from your account. NEVER share this info to anybody. State Bank of Asia desires one to be protected. Through e-mail to the following address if you come across any such instances please inform us-
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