Education Loan in State Bank of Hyderabad


State Bank of Hyderabad
Education loan amount size:
For the students studying in India , maximum amount of upto Rs.10,00,000 will be provided and for the students studying in abroad maximum amount of upto Rs.20,00,000 will be provided.
Advance amount to be paid:
Nothing till 4,00,000 Rs.
More than Rs.4,00,000 : Students studying in India should pay 5% and students studying in abroad should pay 15% of the amount.
Interest rate:
Bank Employee: 12.50%(2.00% above BR)
Other Public: 14.50%(4.00% above BR)
Way of repaying the loan:
One year after finishing the course or right from 6th month after joining the job the repayment process is to be started. The loan amount is to be closed within 5 to 7 years.
Warranty:
Upto 4,00,000 Rs: No property guarantor is required.
From 4,00,000 Rs till 7,50,000 Rs: Third party’s guarantee is required.
More than 7,50,000 Rs: Parents, student or the third party’s agreeing letter assuring the repayment of loan is required.


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