How much loan can I get from SBI for education?
Table of Contents
How much loan can I get from SBI for education?
SBI Education Loan Interest Rates
| Schemes | Maximum Loan Amount | Interest Rates |
|---|---|---|
| SBI Scholar Loan | Rs.40 lakh | 6.85\% to 8.15\% |
| SBI Global ED-Vantage | Rs.1.5 crore | 8.15\% to 8.65\% |
| SBI Skill Loan | Rs.1.5 lakh | 8.15\% |
| SBI Take Over of Education Loan | Rs.1.5 crore | 8.15\% to 8.65\% |
Does SBI provide student loan?
SBI provides education loan to students who wish to study both in India and Abroad. The expenses covered in all types of student loans are: Tuition fee payable to the university/college/hostel.
Does government give education loan?
The Salient features of the scheme are as under: The scheme envisages loans up to Rs. 7.5 lakh for studies in India and up to Rs.
What happens if you default on a government student loan?
Defaulting on your federal student loans comes with some serious consequences. Have tax refunds withheld and/or a portion of your wages garnished to repay defaulted loan. Risk being sued by loan servicer to collect on the debt. Put Social Security retirement benefits at risk.
What is the eligibility for SBI student loan scheme?
SBI Student Loan Scheme is a term loan given to students of Indian nationality, looking to pursue higher education in India or abroad. The key eligibility criteria to apply for the loan is that the student must have secured admission before applying for the loan. 2. SBI Scholar Loan Scheme eligibility
How to get SBI education loan for study abroad?
Aspirants can avail loans for pursuing higher studies in India and abroad every year as SBI grants loans to students who secure admissions in several recognised universities worldwide with no extra processing fee. The SBI Education Loan can be availed from all the SBI branches in metro/urban areas as well as those having personal banking divisions.
What is the processing fee for SBI education loan?
SBI charges ‘zero’ processing fee for some of the education loans. Mention must be made of the ‘SBI Scholar Loan’ scheme that offers 100 per cent financing with NO processing fee. For providing the ‘SBI Student Loan’ scheme, the bank does not demand any processing/upfront charges as well.
What are the benefits of SBI takeover of education loans?
With SBI Take-over of Education Loans, you can switch your existing high cost Education Loan to SBI and reduce your monthly EMIs. Avail of top up loan after take over for pursuing further studies subject to submission of required documents with extended repayment period for that course