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

Important
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: sbicsd@Vsnl.com / chairman@mumbai.cobom.sbi.co.in/ dgmcsd@mumbai.cobom.sbi.co.in
Website: www.sbi.co.in