SBI EDUCATION LOAN

What is an Education loan?• Education loans are provided by financial institutions for

academic endeavours• It provides you with the golden opportunity to fulfil your

academic dreams regardless of your financial background• With an education loan you can secure an admission in your

dream college or even pursue your education abroad• Apart from the tuition fee, an education loan covers almost all

expenses involved in pursuing higher education

Benefits• An education loan can be utilised

to claim tax deductions under the Section 80 E of the Income Tax Act

• These loans can be paid off easily once you attain financial freedom

• By taking an education loan, you can keep your family savings intact

• You can also use the education loan to create a good credit history

Why Choose SBI Education Loan• No processing fee is charged at the time of loan application• It covers educational courses like graduation, post-graduation including

technical or professional degree or diploma courses from colleges or universities approved by UGC, AICTE, IMC etc

• The loan will cover expenses like fees for college, hostel fee, and purchase of books, computers and other equipment if necessary

• SBI education loans offer attractive interest rates• You don’t need to pay any margin amount and 100% financing can be availed• Quick loan sanctions across 5000 designated campus branches across the

country• The repayment tenure can be extended up to 12 years after you complete your

education

Eligibility Criteria• The student should be an

Indian National who has secured admission in a course supported by the government

• It is mandatory to have a life insurance policy and it should be assigned in favour of SBI

• For loan amounts up to 4 lakhs, the parents will have to stand as the co- borrower for security purposes

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