Education Loan in State Bank of Saurashtra


State bank of Saurashtra
Education loan amount size
Maximum amount of upto Rs.10,00,000 would be provided for the students who are studying in India.
Maximum amount of upto Rs.20,00,000 would be provided for the students who are studying in abroad.
Advance amount to be paid:
Nothing till 4,00,000 Rs.
More than 4,00,000 Rs. – students studying in India is 5% and students studying in abroad is 15%.
Way of repaying the loan
After joining the job or one year after finishing the studies , repayment of the loan is to be started. The total loan amount is to be closed within 5 to 7 years.
Warranty
Till 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: Property guarantor,An agreement assuring the repayment of loan by the parents, student or the third party.

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