State Bank of Patiala Educational Loand Application forms and Details |

State Bank of Patiala
Website :

Bank Type :

Abroad Courses

* Graduation: For job oriented professional/technical courses offered by reputed universities
* Post Graduation: MCA,MBA,MS etc. Courses conducted by CIMA in London,CPA in USA etc.

Provided study loan amount in India
Upto 10 Lakhs

Provided study loan amount in Abroad
Upto 20 Lakhs

Eligibility :

* Secured admission to professional/technical courses through test/selection process.
* Secured admission to foreign university/institution

Coverage :

Fee payable to college/school/hostel. Examination/library/laboratory fee Purchase of books/equipment/instruments/uniform Caution deposit/building fund/refundable deposit supported by institution bills/receipts. Travel expenses/passage money for studies abroad Purchase of computers/two wheeler Any other expenses required to complete the courses-like study tour, project work thesis etc.


* Up to Rs 4 lacs: Nil.
* Above Rs 4 Lacs: Studies in India.Studies abroad:15%

Interest Rate :

* Up to Rs 4 Lacs:0.75 % below BPLR
* Above Rs 4 lacs: -1% above BPLR

Re-Payment :

Repayment to be made after completion of moratorium pr\period i.e. course period+1 year or 6 month after getting job, whichever is earlier. The loan to be repaid in a maximum of 5-10 years after commencement of Repayment.

Security :

1. Studies in India:

* Up to Rs 4 Lacs: No securities.
* Above Rs 4 Lacs & up to Rs 7. 5Lacs: Collateral in the form of asuitable third party guarantee.
* Above Rs 7.5 Lacs and up to Rs 10 Lacs: tangible collateral securities for full value of loan.

2. Studies abroad: Studies in India-Max Rs 10 lacs

* Above Rs 4 Lacs & up to Rs 7. 5Lacs: Collateral in the form of suitable third party guarantee.
* Above Rs 7.5 Lacs and up to Rs 10 Lacs: Tangible collateral securities for suitable value or suitable third party gurantee alog with the assignment of future income of the student for payment installments
* Above Rs 15 Lacs and up to Rs 20 Lacs: Tangible security for full value of loan

Documents :

Completed application form.Mark sheet of last qualifying examination, proof of admission schedule of expenses and duration of courses. Passport size photographs, passport/ID card/Voter card/PAN card etc of student /parent/guardian and guarantor.Details regarding the guarantor.Proof of income of the borrower/guarantor.Title deed of the property or other securities and other related papers etc.

If you have questions, please ask below


  1. Manoj kumar says:

    i want to take loan about Rs. 3,00,000 for from ignou.

  2. ankush sharma says:

    i want to take a abroad study loan upto 4 lakh for one year study and next year fee i will pay with my own money. i want loan for two year diploma study there .can i apply for abroad study loan from state bank of patiala ? and what kind of documents i have to show for loan ?

  3. Gaurav Miglani says:

    Please tell me whta is the procedure of applying interest by the bank on education loam amount. should it start adding after I”ll take my first installment of loan or should it adds when I”ll start repaying it after taking complete amount of loan in moratorium period

  4. suhail kanwar says:

    dear sir,
    myself suhail, i wanted to know the procedure of getting educational loan…..
    also please tel me that loan is applicable for any college????

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