State Bank of Indore Education Loan- Student Loan in India
STATE BANK OF INDORE
To extend financial assistance to deserving meritorious students for pursuing higher education in India & abroad.
Should be an Indian National.
Secured admission to professional/technical courses in India or abroad through Entrance Test/Selection process.
Secured admission to foreign university / institutions.
Need based finance subject to repaying capacity of parents / students.
Studies in India: Max. Rs. 10.00 lacs
Studies Abroad: Max. Rs.20.00 lacs
Up to Rs. 4 lacs : Nil
Above Rs.4 lacs :
Studies in India : 5%
Studies Abroad : 15%
EDUCATIONAL LOAN SCHEME:
(Including Loans for Vocational Training)
Particulars Existing Interest Rates w.e.f 10.11.2008 Revised Interest Rates w.e.f 19.01.2009
(For monthly compounding) (For monthly compounding)
Upto Rs.4 lacs 1.50% below BPLR i.e. 12.00% p.a. 1.50% below BPLR i.e. 11.50% p.a.
Above Rs.4 lacs and At par with BPLR i.e. 13.50% p.a. At par with BPLR i.e. 13.00% p.a.
unto Rs. 7.50 lacs
Above Rs. 7.50 lacs 1.00% below BPLR i.e. 12.50% p.a. 1.00% below BPLR i.e. 12.00% p.a.