State Bank Of India Education Loans

State Bank of India offers term loan facility to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.

Course Eligibility

All courses having employment prospects are eligible.
Graduation courses/ Post graduation courses/ Professional courses
Other courses approved by UGC/Government/AICTE etc.

Expenses Covered

Fees payable to college/school/hostel
Examination/Library/Laboratory fees
Purchase of Books/Equipment/Instruments/Uniforms
Caution Deposit/Building Fund/Refundable Deposit
Travel Expenses/Passage money for studies abroad
Purchase of computers considered necessary for completion of course
Cost of a Two-wheeler upto Rs. 50,000/-
Any other expenses required to complete the course like study tours, project work etc.
For studies in India, maximum Rs.10 lacs
Studies abroad, maximum Rs.20 lacs

Interest Rate

For loans upto Rs.4 lacs - 11.00% p.a. Floating
For loans above Rs.4 lacs - 12.00% p.a. Floating
For further details, click on the link:
State Bank Of India Education Loans