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| COMPARE : EDUCATION LOANS |
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| State Bank of Hyderabad Education Loan |
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| Introduction |
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| To extend financial assistance to all eligible/ deserving/ meritorious students for pursuing higher education in India & Abroad. |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Graduation/ Post-graduation for job oriented professional/ technical courses offered by reputed universities. |
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. |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 2000000
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Min. - Rs 50000
Max. - Rs 1000000
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| Margin Money |
Upto Rs.4.00 Lacs – Nil
Above Rs. 4.00 Lacs - 15%
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Upto Rs.4.00 Lacs - NIL
Above Rs. 4.00 Lacs : 5%
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| Interest Rate |
Upto 4.00 Lakhs : 12.70%
Above 4.00 Lakhs : 13.20%
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Upto 4.00 Lakhs : 12.70%
Above 4.00 Lakhs : 13.20%
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 Fees & charges
Fees & charges
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Security
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Security |
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Amount: For loans upto 20 lacs for studies abroad
Upto `4 lacs: No Security
Above `4 lacs to `7.50 lacs: Collateral security in the form of suitable third party guarantee.
Above `7.50 lacs.: Tangible collateral security of suitable value, along with the assignment of future income of the student for payment of installments. |
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Terms & Conditions
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Terms & Conditions |
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Course period + one year or six months after getting job, whichever is earlier.
A concession of 0.50% in interest during the moratorium
period if 0.50% of loan amount is paid every month towards
part payment of interest. Concession of 1% in interest during
the moratorium period if full interest is paid during the
moratorium period. This concession has to be calculated and
credited back to the account in the month of January every year. |
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