State Bank Of Saurashtra
Eligible Courses:
All courses having employment prospects are eligible.
Graduation courses/ Post graduation courses/ Professional courses
Other courses approved by UGC/Government/AICTE/Director General of Civil Aviation/Shipping etc.
Amount of Loan:
For studies in India, maximum Rs. 10 lacs
Studies abroad, maximum Rs. 20 lacs
Rate of Interest:
Loans up to Rs. 4 lacs : 1.50% below BPLR i.e. 12.25%
Loans above Rs.4 lacs & upto Rs. 7.50 lacs : At BPLR i.e. 13.75%
Loans above Rs. 7.50 lacs : 2.00% below BPLR i.e. 11.75% Repayment Tenure:
Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier. The loan to be paid in 5-7 years after commencement of repayment.
Security:
Upto Rs.4.00 lacs: No Security.
Above Rs4 lacs and Upto Rs 7.5 lacs: 3rd party guarantee acceptable to the Bank.
Above Rs 7.5 lacs: Collateral Security of Suitable value or suitable 3rd party guarantee.
Margin:
Upto Rs.4.00 lacs: Nil.
Above Rs.4.00 lacs: Studies in India 5%, Studies Abroad 15%
Contact:
Delhi Tel: 011-23741591
Bangalore Tel: 080-23570695,22239365
Chennai Tel: 044-22344656,26200334
Hyderabad Tel: 040-23203036,24549378
Kolkata Tel: 033-22317396,22683519
Mumbai Tel: 022-28389969,26147201