Sbi Education Loan – Sbi Is Giving Education Loan Up To Rs 1.50 Crore, Make Your Dream Of Studying Abroad Come True – State Bank of India is giving education loan up to Rs 1.5 crore to study in foreign universities and colleges. This scholarship will be for those students who want to do foot time course in a foreign university or college. SBI has started Global Ed-Vantage Loan for this.
Sbi Education Loan – Sbi Is Giving Education Loan Up To Rs 1.50 Crore, Make Your Dream Of Studying Abroad Come True
Under this, students seeking admission in regular graduate degree, post graduate degree, diploma, certificate or doctoral courses in the US, UK, Australia, Canada, Europe, Japan, Singapore, Hong Kong and New Zealand will be able to take loans.
What will be the interest rate
Under this, students will be given loans ranging from Rs 7.5 lakh to Rs 1.5 crore. An interest of 8.65 percent will be charged on this loan and there will be a concession of half percent in the interest rate for women.
When to pay
The repayment of this SBI loan i.e. EMI payment will start from six months after the completion of the course. That is, students will get six months’ time. Meanwhile, they can search for jobs and pay EMIs after getting the job. The payment can be made in a maximum period of 15 years.
What will be covered in the loan
Under this loan, the student’s travel expenses, tuition fees, exam/library/lab fees, book/equipment/instrument/uniform/computer fees, project work/thesis/study tours, expenses on additional needs (which is more than 20% of the total tuition fee) Not more) and Caution Money / Building Fund / Refundable Deposit (not exceeding 10% of the total tuition fee) etc., are covered under this loan. This loan is sanctioned before the issuance of I-20/visa to the student and is also eligible for tax exemption under section 80(E) of Income Tax.