State Bank of Indore Educational Loans Online Application Forms | www.indorebank.org

State Bank of Indore
Website :www.indorebank.org/

Bank Type :
StateBankGroup

Provided study loan amount in India
Upto 10 Lakhs

Provided study loan amount in Abroad
Upto 20 Lakhs

Eligibility :

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.

Margin

* Up to Rs. 4 lacs : Nil.
* Above Rs.4 lacs : Studies in India : 5% Studies Abroad : 15%

Interest Rate :

* Currently Up to Rs. 4 lacs 1.50% below BPLR i.e. 12.25% p.a.
* Above Rs.4 lacs and upto Rs. 7.50 lacs at par with BPLR i.e. 13.75% p.a. .
* Above Rs.7.50 lacs 1.00% below BPLR i.e. 12.75% p.a. . MORATORIUM/ Course period + one year or 6 months after getting the Job, whichever is earlier.

Re-Payment
:

1. for Loans
a) Up to 7.50 Lacs for studies in India and
b) Up to 15 Lacs for studies abroad.

The loan to be repaid in 5-7 years after commencement of repayment.

2. for Loans
a) Above 7.50 Lacs for studies in India and
b) Above Rs. 15 Lacs for studies abroad.

The loan to be repaid in a maximum of 5-10 years after commencement of repayment.

Security :

A. STUDIES IN INDIA
1) Up to Rs. 4 lacs: No security.
2) Above Rs. 4 lacs and Upto Rs. 7.50 lacs: Collateral in the form of a suitable third party guarantee.
3) Above Rs. 7.50 lacs and Upto Rs. 10 lacs: Tangible Collateral security for full value of loan

B. STUDIES ABROAD

1) Up to Rs. 4 lacs: No security.
2) Above Rs. 4 lacs and Upto Rs. 7.50 lacs: Collateral in the form of third party guarantee.
3) Above Rs. 7.50 lacs and Upto Rs. 15 lacs: Tangible Collateral security of suitable value or suitable third party guarantee along with the assignment of future income of the student for payment of installments.4) For Loans above Rs. 15 lacs and upto Rs. 20 lacs: Tangible Collateral Security for full value of the loan.

Documents :

Mark Sheet and should have received admmission.

If you have questions, please ask below

8 Comments


  1. Nitesh Mishra says:

    I want an education loan as soon as posible so please contact me immedietely

  2. Narender Kumar says:

    dear sir
    this is with referenece to call you that we are in the market of taking a loan under personal loans for the sum of Rs 1,00000/-. And as per your adverstisement on net we wish to apply for it.
    You are requested to kindly send your detailed quotation with all terms and conditions and the formalities required for it.

  3. Pradeep Rajput says:

    dear sir, I want education loan earliar so please contact me very soon

  4. rajesh bhandari says:

    i want to education loan earliar so plz contect me .

  5. asif raza says:

    requested sir,
    i m asif currentely i m doing bba from i.p university delhi.due to further education i wanted to know the creteria for taking loan.
    sir it will be my honour if you contact me through email.
    thanking you,
    asif.

  6. avnesh shakya says:

    hello sir,
    i m selected in NIT Surathkal for MCA. so plz essue the loan sothat i could MCA………

    thanks your-
    avnesh shakya

  7. Kartik Yadav says:

    sir,
    I want to take admission in B.E.,and i want to know about the terms and condition for education loan.

  8. Akash agarwal says:

    requested sir,
    i am akash agarwal, studying in B.E.(IInd year). But i am unable to pay my fee to the college, so i want to education loan. please you tell me about the term and conditions for the education loan, as soon as possible. so that my study can live regular.

    Thank you

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