The SBBJ Educational Loan Scheme aims at providing financial support from the banking system to meritorious students for pursuing higher education in India and abroad.

SBBJ Education Loan

Eligibility

Should have secured admission to a higher education course in recognized institutions in India or abroad through Entrance Test / Merit Based Selection process after completion of HSC (10+2 pr equivalent) .

The student should be an Indian National.

Loan Amount -

• 10.00 lacs for education in India
• 20.00 lacs for education abroad

Margin -

For Loans upto 4 lacs - NIL
For Loans above 4 lacs

For studies in India - 5%
For studies Abroad - 15%

Repayment -

• Course period + 1year or 6 months after getting job, whichever is earlier.
• Repayment of the loan will be in equated monthly instalments (EMI) for periods as under:-
• For loans upto 7.5lakhs. - up to 10 years.
• For loans above 7.5 lakhs - upto 15.years.

Security

Upto 4.00 lacs: NIL
Above 4.00 lacs - 7.50 lacs: Third party guarantee
Above 7.50 lacs: Equitable mortgage of landed property or other tangible security .

Rate of interest -

As applicable from time to time

• For girl student –Rate will be 0.50% lower.

• Study in prime institutions - Rate will be upto1.00% lower.

• 1% Interest concession may be provided by the bank, if interest is serviced during the study period.

Contact-

State Bank of Bikaner and Jaipur,
Head Office, Tilak Marg,
Jaipur - 302005.
Phone: 0141- 5101540
Fax: 0141 - 2227990
Email-Id : gmhr@sbbj.co.in