State Bank of Travancore Education Loan

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Why Us?

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

State Bank of Travancore Education Loan

State Bank of Travancore Education Loan Summary Table

State Bank of Travancore Education Loan Limit For India – INR 10 Lacs

For Abroad – 20 Lacs
(Up to ₹ 7.5 lakh without collateral)

State Bank of Travancore Education Loan Interest Rate 9.65% per annum
State Bank of Travancore Education Loan Margin For loan above INR 4 Lacs

In India: 5%

In abroad: 15%

State Bank of Travancore Education Loan Processing Fee Up to INR 4 Lacs: Nil

Above INR 4 Lacs: INR 5000

State Bank of Travancore 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 Travancore Education Loan Repayment It starts After 1 year of course completion or 6 months after getting a job.

State Bank of Travancore Education Loan Features

State Bank of Travancore Education Loan

Do you want to get your graduation from abroad? The need for higher education from a reputed college is increasing, increasing the chance of getting a well-paid job. However, a university with a good rank costs much higher due to its premium faculties and facilities. To overcome this, Education Loan plays a vital role in a student’s life! Education loans help those students who have the capabilities and potential. The loan covers their expenses for education, such as tuition fees etc. The loan can be availed to study in India or even abroad studies. Whatever the case State Bank of Travancore is there to help the students. Every student can apply for the State Bank of Travancore education loan by following the specific criteria and documentation.

State Bank of Travancore 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, or 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 Travancore Education Loan Interest Rate

State Bank of Travancore Education loan interest rates ranges from 12.60%- 13.85%

Loan Amount Range Courses in India Courses Abroad IIT, IIM, ISB Courses
Loans up to Rs. 4 lakh 12.60%- 13.85% 12.60%- 13.85% 12.60%- 13.85%
Loans Rs. 4.0 – 7.5 lakh 12.60%- 13.85% 12.60%- 13.85% 12.60%- 13.85%
Loans > Rs. 7.5 lakh 12.60%- 13.85% 12.60%- 13.85% 12.60%- 13.85%

State Bank of Travancore Education Loan Schemes with detailed features, documents, max loan, courses

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

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

State Bank of Travancore 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 Travancore 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 Travancore Education Loan also considers Full-time Executive Management Courses like PGPX.

EMI Calculator

State Bank of Travancore Education Loan EMI Calculator

State Bank of Travancore: Takeover of Education Loan

An Education Loan is transferable, and it is basically a process of transferring high-interest debt from one lender to another lender with a lower interest rate and better repayment policies. For example, the State Bank of Travancore Takeover Of Collateralised Education Loans Scheme can be availed at an interest rate of 1Year MCLR + 1.50% spread. State Bank of Travancore also gives a 0.50% concession in the interest rate for girls.

How To Apply For State Bank of Travancore Education Loan

  • Visit  Dialabank for an education loan.
  • Go to the State Bank of Travancore 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.

FAQs For State Bank of Travancore Education Loan

✅ In whose name is the loan granted?

The loan is specially made for a student’s education, and therefore, it is granted in the student’s name.

✅ What is the age limit for availing of an education loan in the Bank of Travancore?

There is no age limit restriction in education loans. However, the student must clear all the eligibility criteria’s stated by the bank.

✅ What does margin on any loan mean?

The margin amount means that borrowers have to pay through their own income sources in a down payment as their contribution towards education.

✅ Is scholarship or assistantship included in the margin?

Yes, any scholarship or assistantship will be a part of the margin charged on education loans.

✅ What does MCLR stand for?

MCLR stands for the Marginal Cost of Funds based Lending Rate. It is the minimum interest rate of the bank below which it cannot lend.

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