Quote:
Originally Posted by KeepingYoung
Hi,
Some1 asked about availing educational loan from banks. I am an AGM with SBI. I am glad to state that SBI has hassle free procedures for sanctioning educational loans. We have two products, viz., SBI Student Loan and SBI Scholar Loan. Present interest rates for the products are as under.
Loan Amount Scholar Loan Student Loan
<= Rs. 4 lacs 9.50 % 11.00%
> Rs. 4 lacs 9.75 % 12.00%
The interest rates are floating and linked to SBI PLR [State Bank Advance Rate] which is presently ruling at 10.75 %. Around top 40 institutions throughout the country are identified by SBI so as to enable students pursuing full time courses in these institutions to be eligible for availing SBI Scholar loan. In Mumbai, the select institutions are IIT, JB, SP Jain, NITIE, NMIMS, IIT-SJSOM and TISS. For studies in India and for loans up to Rs. 4 lacs, the margin is NIL and for studies in India, and for loans of > Rs. 4 lacs, the margin is only 5 % and the processing charges are NIL.
For further queries, please send a message through this forum
KY.
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Hi Ky,
I would like to avail a Educational Loan for NMIMS. Could you please help me out in doing this ? I dont know how exactly should I send a PM, hence I am replying over here.
My email Id would be
mz_x5@yahoo.co.in
Hope to see your reply at the earliest.
Thanks,
Revolution