all about medical
 Date : 6/17/2018 
 Bank Loan
 Allahabad Bank
 Andhra Bank
 Bank of Baroda
 Bank of India
 Bank of Maharashtra
 Bank of Rajasthan
 Canara Bank
 Catholic Syrian Bank
 Central Bank of India
 Corporation Bank
 Dena Bank
 Dev. Credit Bank
 Federal Bank
 IDBI Bank
 Indian Bank
 The J & K Bank
 Karnataka Bank
 Lakshmi Vilas Bank
 Lord Krishna Bank
 Nedungadi Bank
 Punjab National Bank
 Punjab & Sind Bank
 State Bank of
         Bikaner & Jaipur
 State Bank of
 State Bank of India
 State Bank of Indore
 State Bank of
 State Bank of    
 State Bank of
 Syndicate Bank
 UCO Bank
 United Bank of India
 United Western Bank
 Vijaya Bank
 Vysya Bank


The Scheme

These loans are specifically offered for the pursuit of academics in recognized schools, colleges and various other educational institutions, both in India and abroad. You may avail of this loan facility to meet:

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

Any student who is an Indian national.
Has secured admission to a professional or a technical course through an Entrance Test or any other Selection process.
Has secured admission to a foreign University or Institution.

Loan Amount
The loan amounts financed are need-based and subject to the conceerned parents and/ or students repaying capacity and the following ceilings:
Education in India : A Maximum of Rs.7.50 lacs
Education Abroad : A Maximum of Rs.15.0 lacs


Documents Required
The mark sheets of last qualifying examinations for school and graduate studies in India.
The proof of admission scholarship, freeship, studentship etc.
The Schedule of expenses for the specified course
The copies of letters confirming scholarships, etc.
The copies of foreign exchange permits, if applicable
2 passport size photographs
The borrower's Bank account statement for the last six months
Income tax assessment order, not more than 2 years old
A brief statement of assets and liabilities, of the borrower
Proof of Income (i.e Salary slips/ Forms 16 etc)

For loans up to Rs.4.0 lacs : No Margin
For loans above Rs.4.0 lacs:
In the case of Education in India, the margin is 5%
In the case of Education Abroad, the margin is 15%

Repayment Holiday
Duration of the course period PLUS one year or six months after getting a job - whichever is earlier.

The loan then needs to be repaid in 5-7 years after the commencement of repayment.

Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.

Central Office
State Bank Bhavan, Madame Cama Road
Mumbai - 400 021
Gen: 022-2022426, Fax: 022-2852708
E-Mail: /


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