State Bank Of India Education Loan Documents Required

Hello sir, which documents are needed to submit in State Bank Of India for Education Loan? Please provide me detail for State Bank Of India Education Loan Documents Required?

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The SBI offer education loan for all eligible courses graduation courses, PG courses, Professional courses, EMI Calculator.

All the necessary information about Interest Rates, Documents required and expenses considered for loan along with repayments options of Education Loan is:

Repayment Period 15 Years after course period
Processing Fees Nil
Loan amount for India 10 Lakh
Loan amount for Abroad 20 Lakh
Margin Nil upto 7.5 Lakh, 5% for India, 15& for abroad in case of 7.5 lakh above
Loan amount in Case of Scholar Loan Maximum 30 Lakh
Loan Amount under Skill Loan Scheme 50000 – 150000

Eligibility:
The candidate should be an Indian national and should have secured an admission in a recognized educational institution.

Documentation required:
The following documents are to be submitted to complete the application process.

Letter of admission
Duly filled and signed loan application form
2 recent passport size photographs
Statement of cost of study
PAN Card, AADHAR card of student and parent/guardian
Proof of identity and proof of residence
IT returns or IT assessment order of previous two years of the co-borrower
Statement of assets and liabilities of parent/guardian
Proof of income of parent/guardian

Notification of State Bank Of India Education Loan




Maximum Loan Amount:
Studies in India - Maximum Rs. 10.00 lacs
Studies Abroad - Maximum Rs. 20.00 lacs

Margin:
Upto Rs.4 lacs: Nil
Above Rs.4 lacs: Studies in India: 5 %
Studies Abroad: 15 %