Education Loan Scheme – Personal Banking

Education Loan Scheme – Personal Banking

Education Loan Scheme New

Education Loan

A phrase loan awarded 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 https://speedyloan.net/installment-loans-wv + 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 party guarantee that is third
    • Above Rs. 7.5 Lacs: Parent/ Guardian as co-borrower and concrete security security
  • 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 term loan given to Indian Nationals for pursuing degree in Asia or abroad where admission is 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 carried out by autonomous organizations like IIT, IIM etc
    • Instructor training/ Nursing courses authorized by Central federal federal 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 reputed 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/ graduation that is technical courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc provided by respected universities.
    • Courses conducted by CIMA (Chartered Institute of Management Accountants) – London, CPA (Certified Public Accountant) in United States Of America etc.

    Expenses Covered

    • Charges payable to college/school/hostel
    • Examination/Library/Laboratory charges
    • Buy of Books/Equipment/Instruments/Uniforms, Buy of computer systems- needed for conclusion of this program (maximum 20% associated with total tuition costs payable for conclusion for the 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/-
    • Any kind of costs needed 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 limitation for studies in Asia are cons Greater loan limitation 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 must certanly be self-attested. # Terms 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 to less than 2 12 months year

      Two years to not as much as three years

      Fast 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 Subsidy Scheme for Overseas Studies for the.

      INTEREST SUBSIDY SCHEME

      Education Loan MITC

      • Features
      • Eligibility
      • Conditions and terms
      Rates Of Interest

      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

      A couple of years to not as much as 36 months

      SIGNIFICANT: 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 funds from your own account. NEVER share this info to anybody. State Bank of Asia wants one to be safe. Through e-mail to the following address if you come across any such instances please inform us-

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