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 6^th 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.