INSUBCONTINENT EXCLUSIVE:
Authors: JordanSBI's Global Ed-Vantage loan amount can be repaid up to maximum of 15 years.State Bank of India (SBI) offers various kinds
SBI offers an early approval facility for its Global Ed-Vantage scheme
This was said by the country's largest bank on microblogging website, Twitter
SBI's Global Ed-Vantage loan is an overseas education loan exclusively for those who wish to pursue full-time regular courses at foreign
colleges or universities, according to SBI's official website - sbi.co.in
Under SBI's Global Ed-Vantage scheme, one can avail a minimum loan of Rs 20 lakh and a maximum of Rs 1.5 crore.Here are all the details
you need to know about SBI's Global Ed-Vantage loan:Eligible courses: Candidates pursuing regular graduate, post graduate or doctorate
courses in any discipline offered by foreign institutes or universities in USA, UK, Canada, Australia, Europe, Singapore, Japan, Hong Kong
and New Zealand.Margin: A margin is an amount you need to pay from your own funds, while the rest is paid by the
bank.Scholarship/assistantship to be included in margin.Margin to be brought in on year-on-year basis as and when disbursements are made on
a pro-rata basis.Processing fee: One has to a processing fee of Rs 10,000 per application.Rate of interest: Simple interest rate will be
20 lacs Upto Rs 1.5 Cr8.15%2.50%10.65%1 yearConcession0.50% concession for students availing of SBI Rinn Raksha or any other existing life
also be accepted.Repayment And repayment holiday:Accrued interest during the moratorium will be added to the principal and repayment in EMI
(Equated Monthly Instalment) is fixed.Repayment will commence 6 months after completion of course.One can repay the amount up to maximum of
