Can you provide me the details of the SBI Scholar Loan Scheme as I want to apply for it for admission in Indian Institute of Management (IIM), Calcutta?

The details of the SBI Scholar Loan Scheme for admission in Indian Institute of Management (IIM), Calcutta are as follows:


SBI Scholar Loan Scheme

Eligibility

One should be an Indian National
One has secured admission to Professional/Technical courses in Select Premier Institutions through Entrance Test/Selection process

Courses Covered

Regular full time Degree/ Diploma Courses through entrance test/ selection process
Full time Executive Management Courses like PGPX
No Certificate/ Part time courses

Expenses Covered

Fees payable to College/School/Hostel
Examination/ Library/ Laboratory fees
Purchase of Books/Equipment/Instruments
Caution deposit / building fund/ refundable deposit supported by Institution bills/ receipts [not to exceed 10% of the tuition fees for the entire course].
Travel expenses/expenses on exchange programme
Purchase of computer/laptop
Any other expenses related to education


Loan Amount & Security

Category Maximum Loan Limit
No Security, only Parent/ With tangible collateral of full value
Guardian as co-borrower and Parent/ Guardian as co-borrower

List AA Rs. 40 lacs -

List A Rs. 20 lacs Rs. 30 lacs

List B Rs. 20 lacs -

List C Rs. 7.5 lacs Rs. 30 lacs


Repayment

Repay in 15 years, after the course completion + 12 months
In case second loan is availed for higher studies later, to repay the combined loan amount in 15 years after completion of second course


Documents Required