Image Source: Yougle Bhaskar (Dainik Bhaskar-06-June-2022)
SBI Student Term loan:
A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.
Features
- Repayment period of up to 15 years after Course Period + 12 months of repayment holiday*
- Processing Charges
- Loans upto Rs. 20 lacs : NIL
- Loans above Rs. 20 lacs: Rs. 10,000 (plus taxes)
- Security
- Upto Rs. 7.5 Lacs: Only Parent/ Guardian as co-borrower. No Collateral Security or third party guarantee
- Above Rs. 7.5 Lacs: Parent/ Guardian as co-borrower and tangible collateral security
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Tags: SBI Student Term loan | Education loan | Education loan for Study in abroad | SBI Education loan in India | Education loan For higher studies | Interest rate | SBI Student Term loans For job oriented courses