State Bank Of Indore Education Loan Details
Eligibility :
Should be an Indian National.
Secured admission to professional/technical courses in India or abroad through Entrance Test/Selection process.
Secured admission to foreign university / institutions.
Secured admission to professional/technical courses in India or abroad through Entrance Test/Selection process.
Secured admission to foreign university / institutions.
Loan Amonut :
Need based finance subject to repaying capacity of parents / students.
Studies in India: Max. Rs. 10.00 lacs
Studies Abroad: Max. Rs.20.00 lacs
Need based finance subject to repaying capacity of parents / students.
Studies in India: Max. Rs. 10.00 lacs
Studies Abroad: Max. Rs.20.00 lacs
Margin :
Up to Rs.4 lacs : Nil
Above Rs.4 lacs :
Studies in India : 5%
Studies Abroad : 15%
Up to Rs.4 lacs : Nil
Above Rs.4 lacs :
Studies in India : 5%
Studies Abroad : 15%
Rate of Interst :
Educational Loan Scheme (Including Loans for Vocational Training)
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Upto Rs.4 lacs
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1.50% below BPLR i.e.12.00% p.a.
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1.50% below BPLR i.e.11.50% p.a
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Above Rs.4lacs and unto Rs.7.50 lacs
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At par with BPLR i.e.13.50% p.a.
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At par with BPLR i.e.13.00% p.a.
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Above Rs.7.50 lacs
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1.00% below BPLR i.e.12.50% p.a.
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1.00% below
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