State bank of Mysore has designed Gnanamitra educational loan to provide financial help to students to take up higher education and join professional courses. Bank gives second loan to student on the condition the student secures 60% marks in existing course. Bank gives insurance policy on the life of the student borrower. The amount of the policy is equivalent to the loan and after 5 years the policy can be convertible whole- life one for 25/30 years.
Highlights
Study Abroad
Study India
Course
Graduation
Graduation
Loan Type
Term Loan
Term Loan
Loan Purpose
Tuition and other fees / maintenance costs / books and equipment and cost of passage
Tuition and other fees / maintenance costs / books and equipment
Loan Amount
Min. - Rs 50000
Max. - Rs 400000
Min. - Rs 50000
Max. - Rs 400000
Interest Rate
13.25 %
13.25 %
Fees & charges
Fees & charges
Study Abroad
Study India
Terms & Conditions
Terms & Conditions
Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier)