Education Loan in State Bank of Travancore


State Bank of Travancore

Education loan amount size
Maximum loan amount of upto Rs.10,00,000 would be provided for the students who are studying in India.
Maximum loan 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 should pay 5% of the amount and students studying in abroad should pay 15% of the amount
Interest rate
Upto Rs.4,00,000 Rs: 3.75% above Base Rate
More than 4,00,000 Rs: 4.50% above Base Rate
Method of Repaying the loan
One year after finishing the studies or right from 6th month after joining the job the repaying work is to be started. The loan amount is to be closed within 5 to 7 years.
Warranty:
Upto Rs.4,00,000 – No Property guarantor is required
From Rs.4,00,000 till 7,50,000 Rs. – Third person’s guarantee is required
More than Rs.7,50,000 – guarantor, Agreement assuring the repayment of loan by the student, parents or the third party.

0 comments :

Post a Comment