Education Loan MBA India SBI

Tell me the procedure of take education loan from state bank of India for do master of business administration course because I want to do master of business administration course but my family can not effort its course fees so I want to take education loan from this bank so want to know about this.

I want to apply for Education Loan in State Bank of India (SBI) for MBA program so can you provide me the details of loan?

[shikha]

A State Bank of India (SBI) term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.

SBI Student Loan Scheme

Courses Covered-

a. 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/ concerned regulatory authority

b. Studies abroad:

Job oriented professional/ technical Graduation Degree courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc offered by reputed universities

Courses conducted by CIMA (Chartered Institute of Management Accountants) - London, CPA (Certified Public Accountant) in USA etc.

Eligibility-

A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured

Loan Amount-

For studies in India - maximum Rs. 10 lacs

Studies abroad - maximum Rs. 20 lacs

Expenses Covered-

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% of 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

Margin-

Upto Rs.4 Lacs: Nil

Above Rs. 4 Lacs : 5% for studies in India, 15% for studies abroad

Contact-

Toll free number: 1800 11 2211
Toll free number: 1800 425 3800
Toll number: 080-26599990