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Sbi Education Loan
Sbi Education Loan
A term loan granted to Indian Nationals for pursuing higher education in India or abroad
where admission has been secured.
Eligible Courses
Any other expenses required to complete the course like study tours, project work etc.
Amount of Loan
Repayment Tenure
Repayment will commence one year after completion of course or 6 months after securing
a job, whichever is earlier.
Repayment Period
Place of Study Loan Amount
in Years
Studies in India Rs. 10.0 lacs 5-7
Studies Abroad Rs. 20.0 lacs 5-7
Security
Margin
For loans up to Rs.4.0 lacs : No Margin
For loans above Rs.4.0 lacs:
o Studies in India: 5%
o Studies Abroad: 15%
Documentation Required
* Conditions Apply
CAR LOAN
Move ahead in life with SBI Car Loans! If you have been putting off purchasing that Car, we
invite you to go through our Car Loan Scheme.
Finance to include vehicle registration charges, insurance, one-time road tax and
accessories (subject to conditions).
Well, what are you waiting for? Just contact any of our branches (more than 6000) that
offer Car Loans or our Personal Banking Branches and give wheels to your desire!
A new car, jeep, Multi Utility Vehicle (MUV) or SUV (any make or model)
A used car / jeep / MUV /SUV (not more than 5 years old). (any make or model)
Excellent service and lower costs. A quick survey of similar schemes available elsewhere
and you will find that SBI Car Loans for new and old vehicles offer you :
Always compare the Equated Monthly Instalments (EMIs) and the total payments
you would be required to make and not the rates of interest.
The Scheme
Purpose
A used car / jeep (not more than 5 years old). (Any make or model).
Take over of existing loan from other Bank/Financial institution (Conditions apply)
Eligibility
Salient Features
Loan Amount
There is no upper limit for the amount of a car loan. A maximum loan amount of 2.5 times
the net annual income can be sanctioned. If married, your spouse's income could also be
considered provided the spouse becomes a co-borrower in the loan. The loan amount
includes finance for one-time road tax, registration and insurance!
Loan amount for used car is subject to a maximum limit of Rs. 15 lacs.
Type of Loan
1. Term Loan
2. Overdraft - a) For New vehicles only
b) Minimum loan amount: Rs. 3 lacs.
Documents Required
You would need to submit the following documents along with the completed application
form if you are an existing SBI account holder:
Repayment
You enjoy the longest repayment period in the industry with us.
Repayment period:
For Salaried: Maximum of 84 months
For Self-employed & Professionals: Maximum 60 months
Repayment period for used vehicles :Up to 84 months from the date of original purchase of
the vehicle (subject to maximum tenure as above).
Prepayment Penalty:
Prepayment fee of 2% of the amount of the loan prepaid will be levied subject to certain
conditions.
Processing Fee
Security
Used Vehicles
Tenure Rate of Interest
Up to 3 years 3.00% above SBAR i.e. 14.75% p.a.
Above 3 yrs up to 7 yrs 3.25% above SBAR i.e. 15.00% p.a.
NOTE: ALL INTEREST RATES ARE SUBJECT TO CHANGE, WITHOUT NOTICE.
IDBI BANK
Education loan:
IDBI bank offers financial support to the aspiring and meritorious students who aim to pursue
higher education in India and abroad. Bank offers loan for graduation courses, post graduation,
technical and professional courses with an easy repayment options.
Highlights
Study Abroad Study India
Course Graduation Graduation
Loan Type Term Loan Term Loan
Loan Purpose Fee payable to Fee payable to
college/hostel, college/hostel,
Examination/Lib Examination/ Library/
rary/Laboratory Laboratory, Purchase of
, Purchase of books/equipment
books/equipment /instruments, Purchase of
/instruments, Purchase of computer
computer, Passage fare
for travel
Loan Amount Min. - Rs 50000 Min. - Rs 50000
Max. - Rs 400000 Max. - Rs 400000
Interest Rate 13.5 % 13.5 %