State Bank of India Student Education Loan – Online Apply Student Education Loan SBI


State Bank of India Student Education Loan – Online Apply Student Education Loan SBI

Synopsis/ Objectives

State Bank of India (State Bank of India Student Education) always welcomes the students to help them in achieving their precious Goal. State Bank India (SBI) Student Education Loan) defines that money cannot stop somebody to dream and Fly for that.

State Bank of India (SBI) Offers a Great and Free deal for those who want to live their beautiful dream.  Absolutely correct that’s a Study Loan, provided by State bank of India which is a government authorized bank. State Bank of India  keeps their words and crystal clear about the terms & conditions. Forget about to walk 10 times in a bank for Study loan. State Bank of (SBI) India is always ready for you. State bank Of India has launched and adopted new Technologies to enhance the clarity and processing time for study Loans. State bank of India is providing study loan at very low rate of Interest, which is very easy to use and repay after 7 years or as per your requirement. State bank for India (SBI) has full rights to say yes for the student loan to all students who are just willing to study, whether they belong to improving class, middle class or Rich family.

State Bank of India (SBI) makes you feel free from any burden (loan). Delighting Offers will delight you with delightful Career. State Bank of India (SBI) ensures that their consumer enjoys the loan facility and gaze on their goal only. Preferably, Study loans are common as we understand the value of the time and money.

Eligibility

A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured

Margin

Upto Rs.7.5 Lacs: Nil

Above Rs. 7.5 Lacs : 5% for studies in India, 15% for studies abroad

Security

Upto 7.5 Lacs (only parent/ guardian as co-borrower. No collateral security third party guaranty

Above 7.5 Lacs (Parent/ Guardian as co-borrower and tangible collateral security)

In case of married person, co-obligator can be either spouse or the parent(s)/ parents-in-law 

Repayment

Repayment will commence one year after completion of course.

Loan to be repaid in 15 years after the commencement of repayment

In case second loan is availed for higher studies later, to repay the combined loan amount in 15 years after completion of second course.

Rate of Interest

Upto 7.5 Lacs ( 2% above MCLR , currently 11.10% P.A

Above 7.5 Lacs ( 1.70% above MCLR, Currently 10.80% P.A

*(0.50% concession in interest for girl students)

*(1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration#)

IT exemption under Section 80(E) in respect of interest paid in all Education Loans

Note: ALL INTEREST RATES ARE SUBJECT TO CHANGE, WITHOUT NOTICE.

How to apply for student education loan State bank of India (SBI).

First of all you need to go on this website www.sbi.co.in then click on student loan scheme after that you will see a highlight a notice of “Apply now online” and then follow the process as per their requirement.

Thanks for visiting on this website if you want to share your experience or any doubt just fill free to contact us via comment.

3 thoughts on “State Bank of India Student Education Loan – Online Apply Student Education Loan SBI

  1. My daughter has got admission in PGDM from Institute for Technology and Management N Mumbai Khargar. Require loan of 7.5 lacs. We are from Jain Minority and Girl Child please guide.

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