Education Loan Scheme Brand Brand New
Education Loan
A phrase loan awarded to Indian Nationals for pursuing degree in Asia or abroad where admission was 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)
- Safety
- Upto Rs. 7.5 Lacs: Only Parent/ Guardian as 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 12 months after conclusion needless to say.
- Loan to be repa
Eligibility
- A phrase loan issued to Indian Nationals for pursuing degree in Asia or abroad where admission was 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 conducted by autonomous organizations like IIT, IIM etc
- Instructor training/ Nursing courses authorized by Central federal federal government or perhaps the state
- 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/ technical Graduation Degree courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, https://speedyloan.net/installment-loans-wa 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- necessary for conclusion associated with the program (maximum 20% of this tuition that is total payable for conclusion associated with program).
- Care Deposit/Building Fund/Refundable Deposit (optimum 10% of tuition charges for the whole program).
- Travel Expenses/Passage cash for studies abroad.
- Price of a Two-wheeler upto Rs. 50,000/-
- Every other costs expected 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
- Proof 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 to less than 2 12 months year
24 months to lower than 36 months
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 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
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 to less than 2 12 months year
A couple of years to significantly less than 36 months
ESSENTIAL: 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 might 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 protected. In the event that you encounter such instances please inform us through email to your after target-
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