State Bank of Bikaner and Jaipur Education Loan

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Rates as low as 9.33%
Pre-Admission Loans
Study in India / Abroad
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Unsecured Loan Available

State Bank of Bikaner and Jaipur Education Loan

State Bank of Bikaner and Jaipur Education Loan Summary Table

State Bank of Bikaner and Jaipur Education Loan Limit For India – INR 10 Lacs, For Abroad – 20 Lacs
(Up to ₹ 7.5 lakh without collateral)
State Bank of Bikaner and Jaipur Education Loan Interest Rate 9.65% per annum
State Bank of Bikaner and Jaipur Education Loan Margin For loan above INR 4 Lacs In India: 5%
In abroad: 15%
State Bank of Bikaner and Jaipur Education Loan Processing Fee Up to INR 4 Lacs: NilAbove INR 4 Lacs: INR 5000
State Bank of Bikaner and Jaipur Education Loan Security Up to 7.50 Lacs: Only Parent/ Guardian as co-borrower. No Collateral Security or third party guarantee.Above INR 7.50 Lacs: Tangible security along with parents as co-borrower
State Bank of Bikaner and Jaipur Education Loan Repayment It starts After 1 year of course completion or 6 months after getting a job

State Bank of Bikaner and Jaipur Education Loan Features

State Bank of Bikaner and Jaipur Education Loan

Regardless, a school with an OK position costs much higher thinking about its administrator assets and workplaces. To crush this, Education Loan anticipates a focal part in an understudy’s life! Arranging pushes help those understudies who have the cutoff focuses and potential. The headway manages their expenses for arranging, for instance, getting ready expenses, etc. The progression can be profited to move in India or even abroad evaluations. Whatever the case State Bank of Bikaner and Jaipur is there to help the understudies. Each understudy can apply for the State Bank of Bikaner and Jaipur bearing development by following the specific models and documentation.

State Bank of Bikaner and Jaipur Education Loan Eligibility

Parameters  Eligibility Criteria
Applicant’s Age
  • Non-employed personnel: Up to 35 years
  • Working employees / Executives: Up to 45 years
Who Can Apply?
  • An Indian National: With secured admission to professional/technical courses in recognized institutions.
  • Permanent employees: Who are employed for not less than three years with any organization and have secured admissions in a reputed institute or intend to acquire higher professional qualifications.
Maximum Loan Amount
  • For studies in India: Up to Rs. 1,000,000
  • For studies Abroad: Up to Rs. 2,000,000
  • For studies at IIT’s, IIM’s and ISB’s: Upto Rs. 4,000,000
Frequency Of Repayment
  • Quarterly or monthly rests.
  • It starts 1 year after completing the course of six months after getting a job, whichever is first.
  • Loan interest re‐payment will start immediately after disbursement of the first instalment of the loan.
Repayment Period
  • Tenure: Education Loan consists of Duration of Study, Grace Period after the Study, and Repayment Period.
  • For Indian courses: Repayment tenure is a maximum of 12 years after the commencement of repayment.
  • For Abroad courses: Repayment tenure is a maximum of 12 years after the commencement of repayment.

State Bank of Bikaner and Jaipur Education Loan Interest Rate

State Bank of Bikaner and Jaipur Education loan interest rates range from 8.85% and 10.75%.

Loan Amount Range Courses in India Courses Abroad IIT, IIM, ISB Courses
Loans up to Rs. 4 lakh 10.50 %, for Girls – 10.00% 10.50 %, for Girls – 10.00% 8.85 %
Loans Rs. 4.0 – 7.5 lakh 10.50 %, for Girls – 10.00% 10.50 %, for Girls – 10.00% 8.85 % – 10.00%
Loans > Rs. 7.5 lakh 10.75 %, for Girls – 10.25% 10.75 %, for Girls – 10.25% 8.85 % – 10.00%

State Bank of Bikaner and Jaipur Education Loan Schemes, Maximum Loan Amount, and Interest Rates

Schemes Maximum Loan Amount Interest Rates
State Bank of Bikaner and Jaipur Student Loan Rs.20 lakh 10.05%
State Bank of Bikaner and Jaipur Scholar Loan Rs.40 lakh 8.95% to 9.25%
State Bank of Bikaner and Jaipur Global ED-Vantage Rs.1.5 crore 10.05%
State Bank of Bikaner and Jaipur Skill Loan Rs.1.5 lakh 9.55%
State Bank of Bikaner and Jaipur Take Over of Education Loan Rs.1.5 crore 10.05%

State Bank of Bikaner and Jaipur Education Loan Documents Required

Under Know Your Customer Policy (KYC), the bank requires certain documents.

These documents are required from both the student and co-borrower:

Identity Proof One of any mentioned documents for Identity proof:

  • Passport
  • PAN Card
  • Aadhaar Card
  • Voter’s ID Card
  • Driving Licence
  • Photo Credit Card
  • Central and State Govt. issued Photo ID Proof
  • Defence ID Card.
Residence Proof One of the following documents for Residence proof (It should not be more than 3 months old):

  • Aadhaar Card
  • Ration Card
  • Passport
  • Bank Account Statement
  • Voter’s ID Card
  • Letter from any recognized public authority
  • Telephone Bill
  • Electricity Bill
  • Water Bill
Income Proof in case of salaried co-borrower
  • Salary Slips (not more than 3 months old)
  • Bank Statements (not more than 3 months old)
  • ITR
  • Form-16 (for the last 2 years)
  • bank account statement (for the last 6 months of salary account)
Income proof for self-employed co-applicant
  • Business address proof
  • IT returns for the last two years (If IT payee)
  • TDS certificate
  • Form 16A, if applicable
  • Certificate of qualification (for CA, doctor, and other professions)
  • Bank account statement for the last 6 months.

Additional documents: Aside from KYC documents:

  Student Applicant Mandatory Passport submission
Academic Records: X, XII grade results. Graduation results semester wise. Entrance Exam results that formed the basis of admission
Proof of admission: A conditional application letter may be considered
Cost of education, schedule of expenses.
2-passport size photographs
If the loan was taken out before then, loan account statement for the last 1 year.
Co-applicant 2-passport size photographs
If the loan was taken out before then, loan account statement for the last 1 year.

State Bank of Bikaner and Jaipur Education Loan Offered Courses

The Education Loan covers courses that are only regular full-time Degree or Diploma courses that the student secured through selection or merit. State Bank of Bikaner and Jaipur Education Loan also considers Full-time Executive Management Courses like PGPX.

EMI Calculator

SBI Education Loan EMI Calculator

State Bank of Bikaner and Jaipur: Takeover of Education Loan

An Education Loan is Transferable, and it is basically a process of transferring high-interest debt from one another lender and with a lower interest rate and better repayment policies.

The State Bank of Bikaner and Jaipur Takeover Of Collateralised Education Loans Scheme can be availed at an interest rate of 1Year MCLR + 1.50% spread. SBI also gives a 0.50% concession in the interest rate for girls.

How To Apply For State Bank of Bikaner and Jaipur Education Loan

  • Visit Dialabank for an education loan.
  • Go to the State Bank of Bikaner and Jaipur Education Loan page.
  • Check out all the eligibility and documents criteria for an education loan.
  • Fill out all the details required in the Education Loan application form.
  • Once done, our representative will soon contact you for a further stress-free process.

List of Approved Institutes

  • Architecture college
  • Law college
  • Medical college
  • Pharmacy college
  • Engineering college
  • Bio-technology
  • college
  • Management college
  • Science, Commerce, and Arts college
  • Physical education college
  • B.ED college