Get educational loan from State Bank of Saurashtra here

Get education loan from State Bank of Saurashtra here

State Bank of Saurashtra
Bank Type : StateBankGroup

Provided study loan amount in India
Upto 10 Lakhs

Provided study loan amount in Abroad
Upto 20 Lakhs

Coverage :
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 Cost of a Two-wheeler upto Rs. 50,000/- Any other expenses required to complete the course like study tours, project work etc.

Margin

• For loans up to Rs.4.0 lacs : No Margin.
• For loans above Rs.4.0 lacs: Studies in India : 5% Studies Abroad: 15%

Processing Fee :
No processing fee/ upfront charges.Deposit of Rs. 5000/- for education loan for studies abroad which will be adjusted in the margin money

Security :

• Upto Rs.4 lacs-No Security.
• Above Rs. 4 lacs to Rs.7.50 lacs-Suitable third Party Guarantee.
• Above Rs.7.50 lacs to Rs.10 lacs (India)/Rs.15 lacs(Abroad)-Tangible Collateral security for full value of loan.

Documents :
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)

Website : www.onlinesbs.com/