Download - Sbi Student Loan
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State Bank of India
Programme for SCE Branch Managers
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State Bank of India
Programme for SCE Branch Managers
COURSES ELIGIBLE
Degree/Diploma courses etc. approved byAICTE/UGC
It is not a pre-requisite for an institution notified
as Deemed University to obtain the approval ofAICTE to start any programme in technical ormanagement education
Website of UGC: www.ugc.ac.in
Website of AICTE www.aicte.ernet.in
Vocational Training and skill development studycourses will not be covered
http://www.aicte.ernet.in/http://www.aicte.ernet.in/ -
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State Bank of India
Programme for SCE Branch Managers
STUDIES ABROAD
Graduation : for job oriented professional/Technical courses offered by
reputed universities.
Post Graduation : MCA, MBA, MS, etc;
Courses conducted by CIMA*-LONDON, CPA** in
USA etc;
*Chartered Institute of Management Accountants)** (Certified Public Accountant).
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State Bank of India
Programme for SCE Branch Managers
Fee payable to college/ school /hostel
Examination/library/ Laboratory fee.
Purchase of books/equipments/ Instruments/
uniforms/ maintenance costs.
Caution deposit/building fund/refundable deposit,
supported by Institution bills/ receipts (not more
than 10% of the tuition fees).
EXPENSES CONSIDERED FOR LOAN
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State Bank of India
Programme for SCE Branch Managers
Travel expenses/ passage money for studies
abroad.
Purchase of computers essential for completion ofcourse.
Any other expenses required to complete the
course like study tours, project work, thesis, etc.
EXPENSES CONSIDERED FOR LOAN
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State Bank of India
Programme for SCE Branch Managers
LOAN AMOUNT
Need base finance subject to repaying capacity of
the parents/students with margin and the following
ceilings.
Studies in India - Max Rs 10.00 lacs
Studies Abroad - Max Rs 20.00 lacs
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State Bank of India
Programme for SCE Branch Managers
MARGIN
Upto Rs 4 lacs : No Margin
Above Rs 4 lacs :- Studies in India - 5%
- Studies Abroad - 15%
Scholarship assistance is part of the margin.
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State Bank of India
Programme for SCE Branch Managers
Studies In India and abroad:
Upto Rs.4 lacs:
No security only Co obligation of Parents .
Above Rs.4 lacs and upto Rs.7.50 lacs:Co-obligation of parents together with collateralsecurity in the form of TPG. Bank may inexceptional cases waive TPG.
Above Rs. 7.50 lacs Co-obligation of parents together with tangiblecollateral security of suitable value along withassignment of future income of student.
SECURITY
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State Bank of India
Programme for SCE Branch Managers
REPAYMENT
The loan to be repaid in 5-7 years aftercommencement of repayment.
REPAYMENT HOLIDAY / MORATORIUM
Course period+1 year or 6 months after getting jobwhichever is earlier. Accrued interest during the
moratorium to be added to the principal andrepayment to be fixed in EMI
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Programme for SCE Branch Managers
RATES OF INTEREST
Loans may be given only on a floating rate basis.
1% concession in Interest Rate, if full interest isrepaid, during moratorium period.
Simple interest to be charged during moratoriumperiod.
Penal Interest: @ 2% to be charged for loansabove Rs. 4 lacs for the overdue amount andoverdue period.
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Programme for SCE Branch Managers
PROCESSING FEE
No processing charges.
However, Rs. 5000/- to be recovered for loans
above Rs. 4 lacs for students going abroad.
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State Bank of India
Programme for SCE Branch Managers
GENERAL CONDITIONS
Second loan can be granted if first loan isoutstanding i.e top up loan within overall limit.Combined repayment is one year aftercompletion of 2ndcourse, or 6 months after takingup a job.
Loan is sanctioned at nearest branch to place ofdomicile of student and correspondence addressmust be noted to track the loan
Educational institutions often enhance the feesduring the course. Funding of enhanced costpermitted case-to case basis.
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State Bank of India
Programme for SCE Branch Managers