Cassandra Said:

Can I get any benefits of my father being a previous staff member(retired) of SBI, in my education loan?

We Answered:

Yeah Dear, being an officer in loan processing department in SBI, I can confirm you that if u r a ward of an official or ex-official of SBI, u get the concession of 0.5% in interest rates.

Alice Said:

What is The SBI Education loan Plan, Who i can take the loan and how much for MBA.?

We Answered:

Amount of Loan
===========
- For studies in India, maximum Rs. 10 lacs
- Studies abroad, maximum Rs. 20 lacs

Rate of Interest
===========
Loans upto Rs. 4.00 Lacs - 11.25% p.a.
Loans above Rs. 4.00 Lacs and upto Rs. 7.50 Lacs - 12.75% p.a.
Loans above Rs. 7.50 Lacs - 11.75% p.a.

An Interest Rate concession of 0.50% to Girl Student availing Student Loans.

Repayment Tenure
==============
Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier.

Studies in India - Rs. 10.0 lacs - 5-7 years
Studies Abroad - Rs. 20.0 lacs - 5-7 years

Have a look at this official SBI website for further details:
http://www.statebankofindia.com/viewsect…

Maria Said:

i want an education loan but don't have 60% in graduation am i eligible for it....pls help me?

We Answered:

Your dad's good credit report is something, but since some banks require the 60% thing, then I guess it won't help. Go to http://www.chasestudentloans.com and see for more information.

Jane Said:

my father is having home loan from the SBI,can i have the education loan from the same bank?

We Answered:

I guess Yes .. You can.. I think one of my friends has taken an education loan while his father had taken home loan from the same bank..

Norman Said:

what are condtion for appling education loan in SBI?

We Answered:

YOU WOULD BE A STUDENT
THERE IS NO GUARANTEE IS REQUIRED THE LOAN UP TO RS FOUR LACS.
ABOVE FOUR LACS YOU WILL HAVE PROVIDED COLLATERAL SECURITY OR PERSONAL GUARANTEE.
I THINK UPPER LIMIT OF THE LOAN IS 15 LACS FOR THE STUDENT WHO WANT TO STUDY AT ABROAD.

Katrina Said:

how much maximum education loan i can get by using 5.5 lakhs fixed deposit as collateral surity in SBI?

We Answered:

Ravi,
usually education loans are granted based on your fathers salary and the fees required for your education. most banks would fund upto 90% of your education fees.

if you are placing a collateral of 5.5 lakhs they might enhance your loan eligibility by 80 to 90% of the FD value.

Cheers,
Anand
http://anandvijayakumar.blogspot.com
mail me at anandvijayakumar@ymail.com if you need any more details.