COMPARE : EDUCATION LOANS
State Bank of Patiala Education Loan
Introduction
State bank of Patiala offers education aspiring student to help them pursue for higher studies in India and abroad under the scheme SBP gyan jyoti education. Bank provides loan to students for graduation courses, post graduation courses, professional courses and technical courses, courses offered by National institutes and other reputed privates institutes. Bank has a facility of life insurance through SBI Life Insurance Company named ‘Shield’ for student/parents/guardian at optional basis.
Highlights
  Study Abroad Study India
Course Graduation Graduation
Loan Type Term Loan Term Loan
Loan Purpose The loan is provided for
Graduation: For job oriented professional/technical courses offered by reputed universities.
Post Graduation: MCA, MBA, MS etc.
Courses conducted by CIMA (Chartered Institute of Management Accountants)-London, CPA (Certified Public Accountant) in USA etc.
The loan is provided for
Graduation courses: B.A., B.Com. B.Sc., etc.
Post Graduation courses: Masters & Phd.
Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, and Computer etc.
Computer certificate courses of reputed institutes accredited to Dept. of Electronics or institutes affiliated to a university.
Courses like ICWA, CA, CFA etc.
Courses conducted by IIM, IIT, IISc , XLRI, NIFT etc.
Courses offered in India by reputed foreign universities.
Evening courses of approved institutes.
Other courses leading to diploma/degree etc. conducted by colleges/universities approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc.
Courses offered by National Institutes and other reputed private institutions.
Loan Amount Repayment:
For loans up to Rs. 7.50 lacs: upto 10 years
For loans above Rs. 7.50 lacs: upto 15 years
Repayment:
For loans up to Rs. 7.50 lacs: up to 10 years
For loans above Rs. 7.50 lacs: up to 15 years
Margin Money Upto Rs 4 lacs: Nil
Above Rs 4 lacs: 15%
Up to Rs.4 lacs: Nil
Above Rs.4 lacs: 5%
Tenure Min. - 5 Yrs.
Max. - 10 Yrs.
Min. - 5 Yrs.
Max. - 10 Yrs.
Interest Rate For Loans up to Rs. 7.50 lacs: 13.00%
For Loans above Rs. 7.50 lacs: 12.00%

0.5% concession for girl students
For Loans up to Rs. 7.50 lacs: 13%
For Loans above Rs. 7.50 lacs: 12%

50 bps concession in interest for girl child.
 Fees & charges
 Security
 Terms & Conditions
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