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| COMPARE : EDUCATION LOANS |
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| State Bank of Hyderabad Education Loan |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Post Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Loan is given to pursue 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.
* Medical Courses conducted by Universities in the
countries of erstwhile USSRR, China, Nepal and other
countries, which are not recognized by the Medical Council of India, should not be considered |
To extend financial assistance to all eligible / deserving / meritorious students for pursuing higher education in India for School education including plus 2 Stage.Graduation courses: BA, B.Com. B.Sc., etc., Post Graduation courses: Masters & Phd, Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
* Computer certificate courses of reputed institutes accredited to Courses like ICWA, CA, CFA etc.
* Courses conducted by IIM, IIT, IISc, XLRI, NIFT etc. |
| 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 -Studies Abroad – 15%
– Scholarship /assistantship to be included in margin.
– Margin may be brought in on year to year basis as and when
disbursements are made on a pro-rata basis.
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Upto Rs.4.00 Lacs - NIL
Above Rs. 4.00 Lacs : Studies in India - 5%
- Scholarship /assistantship to be included in margin.
- Margin may be brought in on year to year basis as and when disbursements are made on a pro-rata basis.
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| Tenure |
Min. - 5 Yrs.
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Min. - 5 Yrs.
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| Interest Rate |
Upto Rs. 4 lac - 14.00%
Above Rs. 4 lac. - 15.25
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Upto Rs. 4 lac - 14.00%
Above Rs. 4 lac. - 15.25
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 Fees & charges
Fees & charges
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Study Abroad |
Study India |
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| Comment on Charges |
In case of loans above Rs.4.00 Lacs for studies abroad.
1. Rs. 5000/- to be collected at the time of delivering
sanction letter to the student / guardian.
2. Rs.1000/- to be appropriated towards processing fees.
3. Rs.4000/- to be adjusted towards student’s margin at the
time of release of the loan.
4. In case the loan is not availed for any reason by the
student, the amount of Rs.4000/- to be refunded to the student without interest. |
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Security
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Security |
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Upto Rs. 4.00 Lacs – No Security (Co-obligation of parent /
guardian is compulsory).
Above Rs.4.00 Lacs and upto Rs.7.50 Lacs: Collateral in the
form of a suitable third party guarantee.
Above Rs.7.50 Lacs: - Collateral security of suitable value or
Co-obligation of parents / Guardians / third party guarantee
along with the assignment of future income of the student for payment of instalments |
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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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