2023 2024 EduVark > Education Discussion > General Discussion


  #1  
June 19th, 2014, 12:01 PM
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Join Date: Mar 2013
Bank Loan interest rate for M Pharma course

Will you please give me idea for the SBI Bank Loan interest rate for M Pharma course???

State Bank of India (SBI) offers Education loan to the eligible candidates who eants to pursue higher education

Eligibility
-Should be an India National
-Secured admission to professional/ technical courses through Entrance Test/

Selection process
Secured admission to foreign university/ Institution

Loan Amount

Studies in India - Maximum Rs.7.50 lacs
Studies Abroad - Maximum Rs.15 lacs

Margin

Upto Rs.4 lacs: No margin

Above Rs.4 lacs
Studies in India: 5%
Studies Abroad: 15%

Interest

Loan Amount Interest Rate
Loans upto Rs.4 lacs SBMTLR presently 12.00 %p.a.
Loans over Rs.4 lacs 1% above SBMTLR presently 13.00 % p.a

Repayment Tenure

Maximum Loan Limit Repayment Period


Upto Rs. 4 Lacs Upto 10 years
Above Rs. 4 Lacs and upto Rs. 7.5 Lacs Upto 10 years
Above Rs. 7.5 Lacs Upto 12 years

Last edited by Neelurk; May 29th, 2020 at 10:02 AM.
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