Education Loan in State Bank of India ( SBI )
Educational Loan in Banks »Education Loan in State Bank of India ( SBI )
State Bank of India Education Loan
A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.
Eligible Courses : All courses having employment prospects are eligible.
- Graduation courses / Post graduation courses / Professional courses.
- Other courses approved by UGC / Government / AICTE etc.
Expenses considered for SBI Education loans :
- Fees payable to college / school / hostel.
- Examination / Library / Laboratory fees.
- Purchase of Books / Equipment / Instruments / Uniforms.
- Caution Deposit / Building Fund / Refundable Deposit ( maximum 10% tution fees for the entire course ).
- Travel Expenses / Passage money for studies abroad.
- Purchase of computers considered necessary for completion of course.
- Cost of a Two wheeler upto ₹ 50,000/-.
- Any other expenses required to complete the course like study tours, project work etc.
Amount of SBI Bank Education Loan :
- For studies in India, maximum ₹ 10 lacs.
- Studies abroad, maximum ₹ 20 lacs.
State Bank of India Interest Rates : w.e.f. 29.06.2009 ( SBAR 11.75% )
SBI Student Loan Scheme
| Rank | Name of the B-Schools | Infrastructure ( Physical & Academic ) ( 160 ) | Faculty, Research, Consultancy, MDP & Other Programmes ( 455 ) | Admission, Curriculum, & Delivery System ( 320 ) | Placement ( Domestic & International ), USP, Social Responsibility, Networking & Industry Interface ( 465 ) | Total ( 1400 ) |
|---|---|---|---|---|---|---|
| 21. | International School of Informatics & Management, Jaipur, Rajasthan | 84.89 | 184.79 | 159.17 | 174.93 | 603.78 |
| 22. | Suryadatta Group of Institutes, Pune, Maharashtra | 100.37 | 166.50 | 158.86 | 171.95 | 597.68 |
| 23. | Institute of Business Studies and Research, Navi Mumbai, Maharashtra | 83.26 | 171.58 | 170.75 | 169.77 | 595.36 |
| 24. | Department of Management Studies, National Institute of Technology, Tiruchirappalli, Tamil Nadu | 82.69 | 172.97 | 172.63 | 152.92 | 581.21 |
An Interest Rate concession of 0.50% to Girl Student availing SBI Student Loans.
SBI Educational Loan Processing Fees :
- No processing fee / upfront charges.
- Deposit of ₹ 5000/- for education loan for studies abroad which will be adjusted in the margin money.
SBI Repayment Tenure : Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier.
| S.No | Particulars | Date |
|---|---|---|
| 1. | KVAFSU MBA 2015 Notification in Newspapers | 03rd July, 2015 |
| 2. | Uploading of KVAFSU MBA Prospectus & Applications on University website www.kvafsu.kar.nic.in | 04th July, 2015 |
| 3. | Last Date for receipt / Submission of KVAFSU MBA filled - in Applications 2015 | 07th August, 2015 |
| 4. | KVAFSU MBA 2015 Written Test, Group discussion and interview at DEBM, Dairy Science College, KVAFSU, Hebbal Campus, Bangalore | 17th August, 2015 |
| 5. | Announcement of Merit list & KVAFSU Counseling cum Admission | 17th August, 2015 |
| 6. | Commencement of the First Semester 2015 - 2016 | 20th August, 2015 |
SBI Security for Educational Loan
| Rank | Name of the B-Schools | Infrastructure ( Physical & Academic ) ( 160 ) | Faculty, Research, Consultancy, MDP & Other Programmes ( 455 ) | Admission, Curriculum, & Delivery System ( 320 ) | Placement ( Domestic & International ), USP, Social Responsibility, Networking & Industry Interface ( 465 ) | Total ( 1400 ) |
|---|---|---|---|---|---|---|
| 50. | Prestige Institute of Management, Gwalior, Madhya Pradesh | 61.85 | 106.81 | 141.58 | 121.82 | 432.07 |
| 51. | Kristu Jayanti College, Bengaluru, Karnataka | 64.86 | 108.78 | 119.57 | 127.34 | 420.54 |
| 52. | Taxila Business School, Jaipur, Rajasthan | 44.85 | 111.95 | 124.59 | 135.14 | 416.53 |
| 53. | Prestige Institute of Management, Dewas, Madhya Pradesh | 51.19 | 120.65 | 117.30 | 122.88 | 412.03 |
| 54. | Aloysius Institute of Business Administration, Mangalore, Karnataka | 70.59 | 106.23 | 125.23 | 105.34 | 407.4 |
| 55. | Sona School of Management, Salem, Tamil Nadu | 48.68 | 120.54 | 132.05 | 98.99 | 400.26 |
| 56. | Centre for Management Technology, Greater Noida, Uttar Pradesh | 51.40 | 71.89 | 108.48 | 162.59 | 394.36 |
| 57. | Rai Business School, Chennai, Tamil Nadu | 46.63 | 107.57 | 110.38 | 125.59 | 390.17 |
| 58. | Institute of Management in Kerala, University of Kerala, Thiruvananthapuram, Kerala | 49.45 | 120.14 | 110.79 | 107.52 | 387.89 |
| 59. | Rai Business School ( RBS ), Bengaluru, Karnataka | 54.07 | 94.64 | 117.96 | 117.95 | 384.62 |
| 60. | KLS Institute of Management Education & Research ( KLS IMER ), Belgaum, Karnataka | 49.30 | 115.47 | 122.52 | 93.43 | 380.72 |
| 61. | St. Joseph's PG. College, Hyderabad, Andhra Pradesh | 35.27 | 125.61 | 118.76 | 98.53 | 378.18 |
| 62. | North Eastern Regional Institute of Management ( NERIM ), Guwahati, Assam | 55.63 | 92.26 | 103.65 | 121.87 | 373.41 |
| 63. | Mahakal Institute of Management, Ujjain, Madhya Pradesh | 55.08 | 80.22 | 126.26 | 101.56 | 363.11 |
| 64. | Centre for Management Studies ( JIS College of Engineering ), Kalyani, West Bengal | 46.92 | 74.89 | 110.98 | 127.86 | 360.65 |
| 65. | Rai Business School, Bhopal, Madhya Pradesh | 44.12 | 89.39 | 106.41 | 117.02 | 356.95 |
| 66. | M.O.P. Vaishnav College for Women, Chennai, Tamil Nadu | 47.44 | 86.89 | 112.90 | 105.87 | 353.10 |
| 67. | Rai Business School, Hyderabad, Andhra Pradesh | 43.55 | 83.77 | 114.04 | 106.69 | 348.05 |
| 68. | Algol School of Management and Technology, Gurgaon, Haryana | 45.99 | 70.08 | 106.71 | 110.87 | 333.65 |
All SBI loans should be secured by parent ( s ) / guardian of the student borrower. In case of married person, co – obligator can be either spouse or the parent ( s ) / parents – in – law.
State Bank of India Education Loan Margin
- For loans up to ₹ 4.0 lacs : No Margin
- For loans above ₹ 4.0 lacs :
- Studies in India : 5%
- Studies Abroad : 15%
SBI Documentation Required for Educational Loan
- Completed Education Loan Application Form.
- Mark sheets of last qualifying examination.
- Proof of admission scholarship, studentship etc.
- Schedule of expenses for the specified course.
- 2 passport size photographs.
- Borrower’s Bank account statement for the last six months.
- Income tax assessment order, of last 2 years.
- Brief statement of assets and liabilities, of the Co – borrower.
- Proof of Income ( i.e. Salary slips / Form 16 etc ).
*Conditions Apply
JEE Main
Application Form Submission 16 Dec 2020 to 16 Jan 2021.