SBI BANK EDUCATION LOAN
State Bank of India offers education loan for eligible courses, graduation courses, PG courses, Professional courses and other courses approved by the UGC/Government/AICTE. Loan scheme is very flexible and allows the borrower to take loan for all courses that are mentioned above.
1. All courses having employment prospectus are eligible
2. Graduation courses, PG courses, e.t.c.,
3. Other courses approved by the UGC/Government/AICTE.
The security is very much been given to these type of loan but unfortunately upto 4lacs loan there will be no security. The amount of loan will be given to the student basing upon the place they are willing to study i.e., in India up to 10 lacs and in abroad up to 20 lacs are given.
Some documents are needed to apply for the education loan they are
1. Completed education loan application form
2. Marks list of last qualifying examination
3. Proof of residence
4. Two passport size photos
Not only above mentioned documents, some other documents are needed to complete the process. The interest rates are based upon the amount taken by the customer. They are best known by conducting any officer of the SBI. The money lend to the student are used for the institution fees, any project fees, library fees, on purchasing computer based on the course e.t.c.,