State Bank of Bikaner & Jaipur (SBBJ) is an associate bank of State Bank of India. Its branch network out of Rajasthan covers all the major business centers of India.

As per your request below I am providing you details of SBBJ Education Loan Scheme:

Purpose

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

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%

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 .

Processing Fee NIL

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:

Contact:

The Chief Vigilance Officer
State Bank of Bikaner and Jaipur,
Head Office, Tilak Marg,
Jaipur - 302005.
Phone: 0141- 5101570
Telefax: 0141- 2227165
Email-Id : gmvigilance@sbbj.co.in