Complete details of SBI student loan in Tamilnadu

State bank of India offers various attractive loan towards higher education to the students. Among them SBI student loan is one of the loan grant existing in SBI. State bank of India is the largest bank in Tamilnadu as well as in India. They provide easiest loan to students of all category who are pursuing for higher education.

Complete details of SBI student loan in Tamilnadu

State Bank of India is one of the leading banks in India. It has the maximum number of branches all throughout India. The state bank of India offers very attractive educational loan to students of India. It is very easier for the students to get loan from the state bank of India. The loan is sanctioned on certain terms and condition. Many students of India get benefit of this loan from state bank of India. The main motto of these banks is that 'No students should be deprived of getting higher education for the want of money'. In general the loan of this type gets a huge support from the students and the repayment starts after one year of completion of his/her studies or getting six months of employment whichever is earlier. They have three types of educational loan. 1. SBI Student loan, 2. SBI Career loan scheme and the third one is 3. SBI Education plus scheme.

1. SBI Student loan Scheme in State bank of India
SBI student loan is very easy to acquire and the bank itself much flexible over this loan. They offer the loan amount to the students considering the eligibility criteria and the loan limit. The loan is sanctioned to all student who are interested to pursue their higher studies in colleges/universities in India or abroad.

2. Eligibility criteria of student loan in SBI
The student loan can be sanctioned if the student pursue his or her higher studies in Graduation/post graduation/technical education and any other courses which are approved by the council or commission of India. The colleges should be recognized by the government of India. The sanctioned loan amount must be utilized like payment of tuition fees, project expenses, cost of books, hostel fees, purchasing a two wheeler, mess fees, library fees etc. It will be against the terms and condition of education loan if the amount spend on other than education purpose.

SBI student loan limit
The limit of student loan is Rs 10 lacs for pursuing higher studies in India and 20 lakhs for abroad.

Interest rate for SBI student loan
Loan amount upto 4 lacs - 11.75%
From above 4 lacs to 7.5 lacs - 13.25%
beyond 7.5 lacs - 12.25%

Repayment of SBI student loan
The repayment of SBI student loan should be completed from 5-7 years after the completion of the course or the recovery commences after 6 months of getting job.

Security needed for the SBI student loan
No security needed upto 4 lacs but beyond 4 lacs an obligation should be obtained from the parents.

Document needed for obtaining SBI Student loan
1. Two passport size photographs.
2. Duly filled and signed application forms.
3. Attested xerox copies of mark-sheets as a proof of qualifying examinations.
4. Complete details of anticipating expenses details.
5. Bank account statement for the last six months of the student himself or their parents.
6. Last two years income tax return statement of their parents.
7. Income tax paid statement of last 2 years.
8. Proof of residence.
By submitting the above required documents the bank authority will review and may pass or reject upon the rules and regulations of the bank.

Related articles:
sbi education plus
sbi career loan

Related Articles

Complete details of SBI education plus loan in Tamilnadu

The SBI education plus loan is specially meant for those who are willing to continue their higher education through distance education courses or part-time courses. The loan is sanctioned to the employees of state government, central government or private firms etc.

Complete details of SBI career loan scheme in Tamilnadu

State bank of India provides three types of education loan to the students who want to pursue their higher studies. SBI student loan which meant for higher education, SBI career loan which meant for training courses, SBI education plus which meant for distance education courses.

Canara Bank education loan Scheme in Tamilnadu

Canara bank offers educational loan to student pursuing higher education in the colleges or universities of India or abroad. Those who want to seek admission in graduation, post graduation or any other training oriented courses can apply for the educational loan in canara bank. The bank may review the application bounded to certain rules and regulation to sanction the loan.

Education loan in Bank of India in India, Tamilnadu

Bank of India offers attractive educational loan to the student who are continuing their higher education in colleges or universities in India or abroad. The norms of loan sanction is completely abide by the guidelines of Reserve bank of India. The bank follows an easy way to sanction the loan to the needy students.

Details, terms and condition of education loan in Indian Bank

The India Bank offers educational loan to eligible students who are willing to pursue their higher studies in India or abroad. The bank follows all the required terms and condition laid by the Reserve bank of India. They follow some easy procedures to provide the said loan to the needy students.

More articles: bank loans in tamilnadu tamilnadu banking


No responses found. Be the first to comment...

  • Do not include your name, "with regards" etc in the comment. Write detailed comment, relevant to the topic.
  • No HTML formatting and links to other web sites are allowed.
  • This is a strictly moderated site. Absolutely no spam allowed.
  • Name: