State Bank of Hyderabad provide this loan to extend financial assistance to all eligible / deserving / meritorious students for pursuing higher education in India & Abroad.
Loan sanctioned to a meritorious / deserving student to pursue higher education in India or abroad.
Eligibility of Student:
(i) Studies in India:
School education including plus two stage, Graduation, Post-Graduation courses and Phd. Courses offered in India by reputed Universities, Evening courses of approved institutions, other courses leading to Diploma / Degree etc., conducted by Colleges / Universities approved by UGC / Govt. /AICTE/AIBMS/ICMR Etc.
(ii) Studies in Abroad:
Graduation: For job oriented professional / technical courses offered by reputed Universities. Post-Graduation: MCA, MBA, MS etc., courses conducted by CIMA – London, CPA in USA etc.
Quantum of Finance:
Upto Rs. 4.00 Lakhs no security would be insisted upon. Above Rs. 4.00 Lakhs upto Rs. 7.50 Lakhs collateral security in the form of Satisfactory Third Party Guarantee and above Rs. 7.50 Lakhs Collateral security of suitable value or co-obligance of parents / guardians /third party along with the assignment of future income of the student for payment of installments.
Course period + one year or six months after getting job, whichever is earlier. 5 to 7 years after commencement of repayment.
According to the State Bank of Hyderabad Education Loan review the student would need to provide the following documents for the processing of the loan.
Processing charges of Rs. 5000/- for loans above Rs.4.00 lakhs for studies abroad.
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