As you asking I am telling State Bank of Bikaner and Jaipur (SBBJ) grant Student Loan for higher education providing financial support from the banking system to meritorious students for pursuing higher education in India and abroad.


Require 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.