State Bank of Hyderabad

State Bank of Hyderabad’s Education Loan – Gyan Shakti

Objective of the Scheme :

State Bank of Hyderabad provides education loan to extend financial assistance to all eligible / deserving / meritorious students for pursuing higher education in India & Abroad.

Eligibility of the Student  :

• Student Should be an Indian National.
• Secured admission to professional / technical courses through Entrance Test / Selection process.
• Secured admission to foreign University / Institution.

Studies in India:

• Graduation, Post-graduation including regular technical and professional Degree / Diploma courses conducted by colleges / universities approved by UGC / AICTE/ IMC / Govt. etc
• Regular Degree / Diploma Courses conducted by autonomous institutions like IIT, IIM etc
• Teacher training / Nursing courses approved by Central government or the State Government
• Regular Degree / Diploma Courses like Aeronautical, pilot training, shipping etc. approved by Director General of Civil Aviation / Shipping
• Vocational Training and skill development study courses will not be covered under the Education Loan Scheme, as the scheme is framed to provide bank loans for higher studies

Studies over a Wide Area :

Graduation / Post-graduation for job oriented professional / technical courses offered by reputed universities

Liability of Finance :

Quantum of Finance :

• For studies in India, maximumRs.10 lacs
• Studies abroad, maximumRs.20 lacs

Margin :

• For loans up to Rs.4 lacs: No Margin
• For loans above Rs.4 lacs:

1. Studies in India: 5%
2. Studies Abroad: 15%

Processing Fee / Mortgage Charges : NIL

Rate of Interest :

Upto Rs.4.00 Lakhs - 12.70% p.a. ( 2.50% above BR )

Above Rs.4.00 Lakhs - 13.20% p.a. ( 3.00% above BR )

For more Details, Kindly refer the following link :

http://www.sbhyd.com/educational-loan/