SBI Education Loan

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SBI EDUCATION LOAN
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What is an Education loan?

• Education loans are provided by financial
  institutions for academic endeavours
• It provides you with the golden opportunity to
  fulfil your academic dreams regardless of your
  financial background
• With an education loan you can secure an
  admission in your dream college or even pursue
  your education abroad
• Apart from the tuition fee, an education loan
  covers almost all expenses involved in pursuing
  higher education

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Benefits

• An education loan can be utilised to claim tax
  deductions under the Section 80 E of the Income
  Tax Act
• These loans can be paid off easily once you
  attain financial freedom
• By taking an education loan, you can keep your
  family savings intact
• You can also use the education loan to create a
  good credit history

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Why Choose SBI Education Loan

• No processing fee is charged at the time of loan
  application
• It covers educational courses like graduation,
  post-graduation including technical or
  professional degree or diploma courses from
  colleges or universities approved by UGC, AICTE,
  IMC etc
• The loan will cover expenses like fees for
  college, hostel fee, and purchase of books,
  computers and other equipment if necessary
• SBI education loans offer attractive interest
  rates
• You dont need to pay any margin amount and 100
  financing can be availed
• Quick loan sanctions across 5000 designated
  campus branches across the country
• The repayment tenure can be extended up to 12
  years after you complete your education

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Eligibility Criteria

• The student should be an Indian National who has
  secured admission in a course supported by the
  government
• It is mandatory to have a life insurance policy
  and it should be assigned in favour of SBI
• For loan amounts up to 4 lakhs, the parents will
  have to stand as the co- borrower for security
  purposes

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