Table of Contents
- 1 Can I get education loan for BITS Pilani?
- 2 How much loan can I get from SBI for education?
- 3 What is the benefit of Bitsat?
- 4 What is the process of getting education loan in SBI?
- 5 What are the special concessions offered by SBI for education loans?
- 6 What is the processing fee for SBI education loan?
Can I get education loan for BITS Pilani?
Hassle-free and On-spot sanction at campus. All expenses required to complete the course will be financed without any collateral security. Expenditure not to exceed 25\% of the loan amount (upto a lumpsum amount of max Rs. 1 Lac).
How much loan can I get from SBI for education?
SBI Education Loan Interest Rates
| Schemes | Maximum Loan Amount | Interest Rates |
|---|---|---|
| SBI Scholar Loan | Rs.40 lakh | 6.85\% to 8.15\% |
| SBI Global ED-Vantage | Rs.1.5 crore | 8.15\% to 8.65\% |
| SBI Skill Loan | Rs.1.5 lakh | 8.15\% |
| SBI Take Over of Education Loan | Rs.1.5 crore | 8.15\% to 8.65\% |
How much loan can I get for BITS Pilani?
Birla Institute of Technology and Science – , Pilani
| Bank/Financier | ||
|---|---|---|
| Maximum Loan Size without Collateral | 20 Lacs (India) 40 Lacs (Abroad) | 20 Lacs (India) 40 Lacs (Abroad) |
| Processing Fees | 0.75 – 1.5 \% | 1 – 2 \% |
| Repayment Period | 7 – 15 Years | 7 – 15 Years |
What is the benefit of Bitsat?
BITSAT questions are comparatively easy when compared to JEE. As in BITSAT, you will be having less time and more questions. So there is a chance that the question could be simple. These are the advantage of giving priority to BITSAT over JEE Main.
What is the process of getting education loan in SBI?
Checklist of Documents to be submitted along-with duly filled Loan Application Form
- Mark sheet of 10th, 12th, Graduation (if applicable), Entrance Exam Result.
- Proof of admission to course [ Offer Letter/ Admission Letter/ ID card if available]
- Schedule of expenses for course.
What is the eligibility for SBI student loan scheme?
SBI Student Loan Scheme is a term loan given to students of Indian nationality, looking to pursue higher education in India or abroad. The key eligibility criteria to apply for the loan is that the student must have secured admission before applying for the loan. 2. SBI Scholar Loan Scheme eligibility
What are the special concessions offered by SBI for education loans?
SBI provides special concessions pertaining to the interest rates of two types of education loans. The bank allows 0.50\% additional concession in interest for female students and 0.50\% concession for students availing of SBI Rinn Raksha or any other existing policy assigned in favour of SBI for releasing the Global Ed-Vantage and Student Loans.
What is the processing fee for SBI education loan?
SBI charges ‘zero’ processing fee for some of the education loans. Mention must be made of the ‘SBI Scholar Loan’ scheme that offers 100 per cent financing with NO processing fee. For providing the ‘SBI Student Loan’ scheme, the bank does not demand any processing/upfront charges as well.
How to get SBI education loan for study abroad?
Aspirants can avail loans for pursuing higher studies in India and abroad every year as SBI grants loans to students who secure admissions in several recognised universities worldwide with no extra processing fee. The SBI Education Loan can be availed from all the SBI branches in metro/urban areas as well as those having personal banking divisions.