RATE OF INTEREST: 8.

20%pa PROCESSING FEES-NIL

No Collateral Security No Third Party Guarantee

SBI SCHOLAR LOAN SCHEME

Upto Rs.50 lakhs

 Student should be an Indian National.
ELIGIBLE CRITERIA  AGE must be below 40 years
 Secured admission to full time professional/ technical courses through
Entrance Test/Selection process in the Premier Institute
 Part-time course for select institutes
MARGIN No Margin above 7.50 lakh
DOCUMENTS  PAN CARD / ADHAR CARD
REQUIRED  MARKSHEETS OF 10TH / 12TH /GRADUATION
 Offer letter from the institute
RATE OF INTEREST 8.20% (Lowest among peers)
EXPENSES COVERED  All the eligible expenses considered for the loan will be disbursed in
IN LOAN phases as per demand of the Institutes or the student as per
requirement.
 Boarding & Lodging, Examination/Library/Laboratory fee, etc
 Mess Charges, Travel expenses, Cost of books/equipment/
instruments/uniforms, Purchase of laptop up to Rs 2 lac
 Cost of a two-wheeler upto Rs. 50,000
 Insurance Premium(SBI Life & SBIGeneral)
 Purchase of laptop up to Rs 2 lac
 Foreign Exchange Programme expenses up to Rs 4 Iac.
 Personal Living Expenses up to Rs 2 lac/- for entire 2 years course
without any declaration or receipt.
REPAYMENT  Maximum repayment term of 15 years (180 EMIs)
 The repayment of EMI starts 12 months after the completion of the
course or 6 months after getting the employment, whichever is earlier
 No prepayment penalty will be levied for prepayment of loan anytime
during the repayment period
1) Branch Head: Deepak Nagar
Mob.8859777955, Email:-sbi.17263@sbi.co.in

2) Field Officer: Ms. Aakanksha Kulshreshtha. Mob. 8077660656

3) Senior Associate: Piyush Agarwal, Mob. 8110827066

4) Student Co-ordinator: Bhumika Rawat, Mob.9568436896

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