RMGOE

State Bank of India Education Loan

The State Bank of India (Founded in 1806) is one of the oldest Multinational Public Sector Banking and Financial Services Company. The bank also provides the facility of SBI Educational Loan. The Bank is very serious about its Education Loan Facility and by developing an effective customer-centric relationship it promises to emerge as a world-class education Loan provider.

Brief Review

Profile

Description

Name of Bank 

State Bank of India

Founded on

1806

Headquarter

Mumbai

Type of Bank 

State Bank

Number of Employees

2,78,872

Chairman

Rajnish Kumar

Maximum Loan Amount 

Rs 30.0 Lacs

Timeline for Loan Disposal

Maximum 15 Working days

Annual Revenue

₹ 210,979 crore (US$ 29 billion) (2017)

Processing Fees

No Processing Fee will be charged

Other Subsidiaries

NA

Category 

Education Loan in India

 

How to Apply

Online

  • Visit official Web Site of State Bank of India (Click Here).
  • Find the Educational Loan Section (Apply now button).
  • Fill online Application Form.

Offline

  • Visit the nearest branch of State Bank of India to get offline Education Loan form.
  • You may also download the form from official web handle.
  • Submit the Application Form to Nearest Branch along with document needed.

Eligibility

  • The Applicant should be an Indian National.
  • Applicant must have secured an admission in any Government recognized Educational Institution.
 

Documents Needed

  • Mark sheet of last qualifying examination for school and graduate studies in India
  • Academic Records: 10th Result, 12th Result, Graduation result-semester Wise (if Possible) Entrance Exam Result through which admission is being taken.
  • Proof of admission: Offer Letter or Admission Letter from the Institution.
  • Proof of Identity
  • Proof of Residence
 

Expenses Considered

  • Tuition and Course fee
  • Examination, library and laboratory fees
  • Caution deposit
  • Cost of books, Uniforms, Equipment and other Instruments.
  • Travel Expenses.
 

Return Policy and Repayment Period

  • In case of SBI Education loan, repayment will start after the completion of course Period+ 1 year and Moratorium period Repayment will commence 6 months after completion of Course.
  • Repayment up to Maximum of 15 years.
 

Contact Details

Head office 

State Bank Of India 11, Sansad Marg, Parliament Street, Delhi – 110001, Near Jantar Mantar

Official website

www.sbi.co.in

Apply for Loan 

Click Here

Contact Number

18004253800, 1800112211

Our Students Say

Apply Now       Pay Due