The Education loan Scheme is provided by State Bank of India for Indian
Students for pursuing Higher Education in India or abroad. It is granted for
secured admission.
We are giving below main
features of the Education Loan Scheme provided by State Bank of India:
ELIGIBLE COURSES FOR SBI EDUCATION LOAN
A) State Bank of India
(SBI) Education Loan Scheme for Studies in India:
Graduation,
Post-graduation including regular technical and professional Degree/Diploma
courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt. etc.
Regular Degree/
Diploma Courses conducted by autonomous institutions like IIT, IIM etc.
Teacher training/
Nursing courses approved by Central government or the State Government.
Regular Degree/Diploma Courses like
Aeronautical, pilot training, shipping etc. approved by Director General of
Civil Aviation/Shipping.
Vocational Training and Skill Development Study
Courses will not be covered under the regular Education Loan Schemes. A
separate scheme for ‘Loans for Vocational Education and Training’ has been
launched which covers financing for such Vocational courses
b. State Bank of India (SBI) Education Loan Scheme for Studies abroad:
Job oriented
professional/ technical Graduation Degree courses/ Post Graduation Degree and
Diploma courses like MCA, MBA, MS, etc offered by reputed universities
Detail of Expenses which
are considered by State Bank of India for Education loan Scheme:
- Fees payable to
college/school/hostel
- Examination/Library/Laboratory
fees
- Purchase of
Books/Equipment/Instruments/Uniforms, Purchase of computers- essential for
completion of the course (maximum 20% of the total tuition fees payable for
completion of the course)
- Caution Deposit/Building
Fund/Refundable Deposit (maximum 10% tuition fees for the entire course)
- Travel Expenses/Passage
money for studies abroad
- Cost of a Two-wheeler
upto Rs. 50,000/-
- Any other expenses
required to complete the course like study tours, project work etc.
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