Education Loan Scheme – Personal Banking

July 13, 2020 by superch6

Education Loan Scheme – Personal Banking

Education Loan Scheme Brand Brand New

Education Loan

A term loan provided 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
  • Safety
    • Upto Rs. 7.5 Lacs Parent/ that is: Only Guardian co-borrower. No Collateral Security or 3rd party guarantee
    • 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 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 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 courses authorized by Central 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 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

    • Charges 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/-
    • Every other 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 papers become submitted along-with duly filled Loan form

      Student-applicant
      • Evidence of Note: All documents ought to 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 year to lower than 2 year

      A couple of years to lower than three years

      Fast Hyper 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 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
      • Conditions and terms
      Interest Levels

      Loan quantity up to 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 not as much as 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 cash from your account. NEVER share these records to anybody. State Bank of Asia wishes one to be protected. In the event that you run into such instances be sure to notify us through email into the following target-

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