State Bank of Bikaner & Jaipur
A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.
Eligible Courses:
All courses having employment prospects are eligible.
Graduation courses/ Post graduation courses/ Professional courses.
Other courses approved by UGC/Government/AICTE etc.
Loan Amount:
For studies in India, maximum Rs. 7.50 lacs
Studies abroad, maximum Rs. 15 lacs
Interest Rate:
For loans upto Rs. 4 lakh 11.25% p.a.
For loans above Rs. 4 lakh 12.25% p.a.
Repayment Tenure:
Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier. The loan is to be repaid in 5-7 years after commencement of repayment.
Security:
| Amount | Studies in India |
| Upto Rs. 4 lacs | No Security |
| Above Rs. 4 lacs to Rs. 7.50 lacs | Third Party Guarantee |
| Above Rs. 7.50 lacs to Rs. 15 lacs | Tangible Collateral security of suitable value of loan or third party guarantee. |
Margin:
For loans up to Rs.4.0 lacs : No Margin
For loans above Rs.4.0 lacs upto Rs.7.50 lacs.
Studies in India: 5%
Studies Abroad: 15%