Education loan – Apply for Education loan on line in Asia |SBI – Personal Banking

Education loan – Apply for Education loan on line in Asia |SBI – Personal Banking

Education Loan Scheme Brand New

Education Loan

  • Features
  • Eligibility
  • Document Required
  • A term loan awarded to Indian Nationals for pursuing advanced schooling in Asia or abroad where admission happens to be guaranteed.

    Features

  • Repayment period of upto 15 years after Course Period + 12 months of repayment vacation
  • Processing Fees
  • Loans upto Rs. 20 lacs : NIL
  • Loans above Rs. 20 lacs: Rs. 10,000 (plus taxes)
  • Safety
  • Upto Rs. 7.5 Lacs:Only Parent/ Guardian as co-borrower. No Collateral Security or 3rd party guarantee
  • Above Rs. 7.5 Lacs:Parent/ Guardian as co-borrower and concrete security protection
  • Margin
  • Up to Rs 4 Lacs – Nil
  • Above Rs 4 Lacs – 5% for studies in Asia, 15% for studies in abroad
  • Repayment will commence one after completion of course year.
  • Loan to be paid back in 15 years following the commencement of payment
  • Just in case 2nd loan is availed for greater studies later on, to settle the blended loan amount in fifteen years after conclusion of 2nd program
  • EMI Generation
  • The accrued interest throughout the moratorium period and program period is put into the concept and payment is fixed in Equated equal payments (EMI). (més…)
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    Pay Day Loans -Washington

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