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| COMPARE : EDUCATION LOANS |
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| State Bank of Travancore 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 for pursuing Graduation: For job oriented professionaltechnical courses offered by reputed universities. Post graduation: MCA, MBA, MS etc. Courses conducted by CIMA – London, CPA in USA. |
Loan is given for pursuing Graduation courses, BA, B.Com, B.Sc, BBA, BCA, BBM, Post Graduation Courses, Masters and Ph D., Professional courses like Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc., ICWA, CA, CFA , Other courses leading to diploma, degree conducted by Colleges / Universities approved by UGC / Govt / AICTE / AIBMS / ICMR, 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 lacs - Nil
Above Rs.4 lacs - Studies abroad -15%
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Upto Rs. 4 lacs - Nil
Above Rs.4 lacs -Studies in India - 5%
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| Tenure |
Min. - 5 Yrs.
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Min. - 5 Yrs.
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| Interest Rate |
0.5% concession for Girl Students.
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0.5% concession for Girl Students
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 Fees & charges
Fees & charges
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Study Abroad |
Study India |
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| Comment on Charges |
Processing charges:
Upto Rs.4 lacs - 0.5%
Above Rs.4 lacs - 0.4% (Refundable on availment of 1st installment) |
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Security
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Security |
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Loans upto Rs.4 lacs : Co-obligation of parent/guardian/spouse/parent-in-law/grand parents as the case may be. No security
Above Rs.4 lacs and upto Rs.7.5 lacs Co-obligation of parent/guardian/spouse/parent-in-law/grand parents as the case may be along with collateral in the form of a satisfactory third party guarantee required.
For loans above Rs7.5 lacs Co-obligation of parent/guardian/spouse/parent-in-law/grand parents along together with tangible collateral security of suitable value along with assignment of future income of the student for payment of installments and tangible security of suitable value
Security can be in the form of landbuilding Govt. securitiespublic sector bondsunits of UTI, KVP, LIC Policy, gold, sharesdebentures, bank deposit in the name of studentparentguardian or any other third party with suitable margin. |
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Terms & Conditions
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Terms & Conditions |
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To commence 1 year after completion of course or 6 months after getting job, whichever is earlier.
PENAL INTEREST : 2% FOR LOAN ABOVE RS.2 LAKHS |
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