INSUBCONTINENT EXCLUSIVE:
SBI loans: SBI student loans come with a repayment period of up to 15 years.State Bank of India, the country's largest lender, offers
education loans for higher studies
State Bank of India offers student loans to Indian citizens for pursuing higher education within the country or abroad, at interest rates
starting from 10.5 per cent, according to the lender's corporate website, www.sbi.co.in
SBI student loans come with a repayment period of up to 15 years after the course period as well as 12-month repayment holiday, according to
( What Latest Changes In SBI Interest Rates In Select Financial Products Mean For You)1
India or abroad where admission has been secured
The bank does not charge any processing / upfront fees on education loans.2
lakh with an effective interest rate of 10.5 per cent
While on the loans above Rs 7.5 lakh, SBI charges 8.5 per cent per annum MCLR with a spread of 2.25 per cent taking the effective interest
rate to 10.75 per cent per annum, SBI said.3
professional degree/diploma courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Government etc.Regular Degree/ Diploma
Courses conducted by autonomous institutions like IIT, IIM etc.Teacher training/nursing courses approved by Central government or the State
Government.Regular degree/diploma courses like aeronautical, pilot training, shipping etc
approved by Director General of Civil Aviation/Shipping/concerned regulatory authority.For studying abroad:Job-oriented
professional/technical Graduation Degree courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc offered by reputed
universitiesCourses conducted by CIMA (Chartered Institute of Management Accountants) - London, CPA (Certified Public Accountant) in USA
examination/library/laboratory fees, expenses for purchase of books, equipment, instruments, uniforms, purchase of computers and other
essential things needed for completion of the course.The student loans from SBI also cover expenses for travel for studies abroad and cost
of a two-wheeler up to Rs 50,000, SBI noted on its website.5
a maximum loan of Rs 20 lakh is granted for studies abroad, according to SBI.Get the latest election news, live updates and election
schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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