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May 13th, 2016, 09:54 AM
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Join Date: Mar 2012
Re: Education loan in State Bank of Bikaner and Jaipur

Hey as State Bank of Bikaner & Jaipur is an associate bank of State Bank of India.

Eligibility
The student should be an Indian National.
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) .

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%

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

Interest rate

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.


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